There are two savings options to look at for Bank of America money market interest rates. We at Bank Rate Info thought we should see how they’ve changed and bring you the latest information on these Bank of America rates.
The two Bank of America bank account options are the Money Market savings and the Regular savings accounts. Both have good Bank of America interest rates to consider and are suited for different styles of savings and goals.
The Bank of America money market rates are tiered, so the money market account makes different rates according to your deposit. In addition, these Bank of America bank account offer free and unlimited withdrawals, deposits, and transfers from ATMs and banking centers. In addition, up to 3 checks or debit card purchases can be made against the account per month. Bank of America money market interest rates are definitely worth a look too.
The annual percentage yield (APY) is in tiers and Bank of America money market interest rates start at 1.0% APY and go up to 1.2% at $100,000 and over in deposits. There is a monthly maintenance fee of $15, but this is waived if the account is linked to a Bank of America bank account or has more than $5,000 in deposits.
The regular savings doesn’t yield as well as Bank of America money market rates, but it has a minimum deposit of only $25 and several other options for easy saving and account use. This bank of America bank account yields 0.20% APY and has fees associated with excess withdrawals (more than 3) and for having less than $300 in the account. All Bank of America bank account fees are waived if balance is over $2,500.
Bank of America rates are subject to change at any time, of course, and all accounts are FDIC insured.
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