Bank of America on-line banking allows users to do a whole lot of things other than the traditional banking operations. One can transfer money to family and friends as a gift for occasions like birthday or wedding anniversary. Customers can even sign up for mobile alerts that helps them to know what is happening to their accounts when they are on the move. Bills can be paid online through the online banking system of the Bank of America and this is a great convenience. One can avoid postage and save time with these features. Besides these features, the Bank of America interest rates on various products and services is very competitive and these are some of the reasons many people flock to this bank.

The current Bank of America CD rates for the Opt-Up CD scheme is 1.00% APY for all balances. The Bank of America certificate of deposit rates on the High Yield CD is 0.80% APY for all balances and the interest rate is 0.40%, in the case of Risk-Free CD. The Bank of America CD rates for a standard term CD is 0.30% for all balances for a term period of 28 to 89 days. The interest rate is 0.35% for all balances fro a period of 90 days to 11 months and it is 0.65% for all balances for a term of 12 months to 17 months. It is 1.11% for a term of 24 to 35 months and 0.85% for a term of 18 to 23 months. The interest rates are 2.01% for a term of 36 to 59 months, 2.51% for a term of 60 to 119 months and 3.51% for a term of over 120 months. These good interest rates are one of the reasons for the popularity of this product.

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The Bank of America interest rates for a Growth Money Market savings account is 0.15% for a balance of less than $10,000. They also offer a 0.40% as bonus rate for customers who set up an automatic transfer of $250 or more from their Bank of America checking account or an automatic transfer of monthly interest payment from a Bank of America CD or a direct deposit of $250 or more. The Bank of America savings account rates for a balance between $10,000 and $25,000 is 0.35% while the bonus rate is 0.60%. The rates for balances from $25,000 to $49,999 is 0.45% and the bonus rate is 0.70%. It is 0.50% for a balance of $50,000 to $499,999 and 0.70% for a balance of over $500,000. The bonus rates for the same amount are 0.75% and 0.95% respectively. In the case of regular savings account, the rate is 0.10% for all balances. These competitive rates are one of the reasons for the popularity of the Bank of America high interest savings accounts.

Student Visa Platinum Plus is a card for students in a university and the Bank of America credit card rates on this card is 14.24% variable APR. Upromise World MasterCard is another credit card offered by Bank of America and this card gives the option to save for college and to pay for educational expenses. The interest rates are 12.99% to 20.99% variable APR. The BankAmericard Visa Card offers a great introductory APR of 10.99% to 19.99%. There is another credit card called BankAmericard Visa Fully Secured Card that helps users to build their credit history and the interest is 18.24% variable AR along with an annual fee of $39. These credit cards are very popular because of the rewards and convenience that come with it.

As we all know, the Bank of America constantly thrives to beat its competitors in Annual Percentage Yields however to prove how successful they have been, one can only do this by comparing their rates. There is a new Money Market Savings account in Bank of America known as the ‘Growth Money Market Savings’ promising a better outreach to all their previous customers based in the ordinary Money Market Savings account.

The Growth Money Market Savings account promises no monthly maintenance fee when linked to a Bank of America Advantage with Tiered Interest Checking or Preferred™ with Tiered Interest Checking or as an alternative, to maintain a minimum daily balance of at least $5,000 in your account. If not, the monthly maintenance fee is at $10.

The Annual Percentage Yield standard rates are as follows: With a balance from $0-$9,999 the rate is at 0.15%, from $10,000 to $24,999 the rate is at 0.35%, from $25,000-$49,999 it is at 0.45%, from $50,000-$499,999 it is at 0.50%, from $500,000 to $2,499,999 the rate is at 0.70%. All are for standard rates only.

The APY for standard rates with bonus are as follows: With a balance from $0-$9,999 the rate is at 0.40%, from $10,000 to $24,999 the rate is at 0.60%, from $25,000-$49,999 it is at 0.70%, from $50,000-$499,999 it is at 0.75%, from $500,000 to $2,499,999 the rate is at 0.95%. All are for standard rates only. Bonus interest rates can be earned in your Growth Money Market Saving account when any of the following is done: an automatic transfer of $250 or more from you Bank of American checking account is sent to your Growth Money Market Saving account, an automatic transfer of the monthly interest payment from your Bank of America CD or a direct deposit of $250 or more into your Growth Money Market Saving account.

The best Bank of America high yield savings accounts offers are with the Growth Money Market Savings, of course.  These accounts require a $5,000 deposit and balance to open and maintain without fees.  The Bank of America interest rates are tiered by deposit amount, so the more you have saved, the better your rate.

At $0-$9,999 the Bank of America high interest savings account rate is 0.35% in money market (annual percentage yield or APY) or 0.60% if the account is attached to another BoA bank account such as checking.

From $10,000 to $49,999 the return is 0.50% APY or 0.75% APY with an attached account.  From $50,000 to $99,999 the return is 0.70% APY or 0.95% APY with attached account.  Finally, over $100,000 the Bank of America high yield savings account rates for this money market is 0.85% APY or 1.10% APY with attached account.

These are great money market offers and definitely some of the best Bank of America interest rates offered on variable rate accounts.

Compare that to the standard Bank of America savings account rates on a Regular Savings account which has a return of 0.10% APY.  This account has only $300 in minimum balance requirements to avoid fees.

Bank of America has some good offers and is FDIC insured to the fullest extent of the law.  All rates are variable, of course, so today’s Bank of America interest rates may not be tomorrow’s.

Promotional offers are usually where the best Bank of America certificate of deposit rates are found.  The current promotions are with an 11 month term (online-only, auto-renews for an additional 11 months at standard rates).  This offer is at 1.50% annual percentage yield (APY) and has a $5,000 minimum to open and maintain.

A similar IRA CD offer is made as a promotion for Bank of America CD rates with a 1.70% APY for twelve months (auto-renews for another 12 months at standard rates).  This account requires a $2,000 minimum deposit to open and maintain and is a tax-exempt account provided it stays within the rules for an IRA investment.

Another offer for Bank of America certificate of deposit rates is the Risk Free CD.  This is a nine month term with a 0.65% APY (0.75% for IRA).  This account has a $5,000 minimum to open and maintain ($2,000 for IRA).

The Opt-Up Bank of America CD rates are also good.  On an 18 month term, it has a 1.50% APY and allows you to “opt up” to a new rate once during the 18 month term.  This account requires $10,000 to open and maintain.

Other CD rates are measured in days (7-179) and months (6-120).  These standard terms have specific requirements depending on your term choice.  7-89 days pays 0.30% APY, 12-17 months pays 0.95% APY, 24-35 months pays 2.01% APY, and 120 months pays 3.51% APY.

Bank of America is fully FDIC insured.

The alrgest improvement is to the Bank of America On Line banking website itself, which has seen a lot of upgrades to it’s menus and back-end.  It runs faster, works better with mobile banking needs, and is definitely improved overall in design and capability.

As always, you can check the latest Bank of America interest rates through their site and transfer money from accounts into newer ones when you wish to take advantage of those improved Bank of America interest rates when they come up.

Other Bank of America electronic banking improvements are to the faster menus and access to your accounts through Bank of America Online banking.  New step-by-step guides have been added so you can more easily learn to use the Bank of America On Line banking site.

You can now transfer funds away from Bank of America Online banking to other sites or banks, which is nice if you invest or have multiple banks.  Bill Pay is still available to Bank of America electronic banking customers, as are account activity updates and alerts.

Mobile banking has seen some improvements to speed and better offers for those using Web-enabled phones to access Bank of America Online banking.

Some nice improvements to the site that are definitely worth checking out if you haven’t looked in a while.  Bank of America electronic banking continues to get better.

First new high yield CD Bank of America interest rates offer is now available on all balances (minimum $5,000) at 1.60% APY for a one year term.  This is available online only.  A nice offer for such a short term.

Another nice option for Bank of America CD rates are the Opt Up CDs, which are similar to “Risk Free” certificates, but instead of auto-renewing, they allow you to jump up to a higher rate once during their term and compensate by having a higher deposit requirement.  With a minimum $10,000 deposit requirement, they require more to get in, but give you that great Opt Up chance.

The Opt Up begins with standard Bank of America certificate of deposit rates, but if rates go up during the term, it can be increased.  Current standard Bank of America CD rates are by term:

• 28-89 days: 0.30% APY
• 90-179 days: 0.50% APY
• 6-11 months: 1.00% APY
• 12-17 months: 1.26% APY
• 24-35 months: 1.50% APY

Other terms are also available, with Bank of America interest rates out to 120 month terms (currently 2.10% APY at that length).

Interest on the longer-term (more than 18 months) terms is compounded monthly and can be withdrawn monthly as well.  Standard term CDs automatically renew for a continued, like term unless you ask for closure at term end.

All Bank of America accounts are FDIC insured and the special Bank of America CD rates we’ve listed may change at any time, so lock in your chosen Bank of America interest rates now if you’re interested in any of these.

We’ll look at the Bank of America money market interest rates first, then savings.  Bank of America money market rates (listed by annual percentage yield, or APY) are tiered by deposit amount, with a fee if your balance falls below $5,000.  We’ll look at the tiers up to a $100,000 deposit for Bank of America rates:

• $0 – $24,999 = 0.50% APY
• $25,000 – $49,999 = 0.65% APY
• $50,000 – $99,999 = 0.75% APY
• $100,000 – $499,999 = 0.85% APY

These are competitive money market yields, for sure.  For Bank of America bank account rates for savings, all balances receive 0.10% APY.  These Bank of America rates are available for balances in savings accounts over $300, so they’re easy to get into.

All Bank of America accounts are FDIC insured and these rates can change quickly.  So if you’re interested in any of these Bank of America interest rates, be sure to get your account opened now.