Set up and maintain automatic monthly payments from your Bank of America checking or savings account and receive a 0.25% interest rate discount(does not apply to Bill Pay service)Footnote[1]. Up to 1.50% For initial withdrawals Make an initial withdrawal when you open your account and receive...
If you get a Bank of America HELOC, you won’t pay any application fee, closing costs or annual fees. There are also no fees if you choose to convert your HELOC to a fixed-rate loan. The only fee charged is an early termination fee of $450 if you close your account within three ...
Home equity line of credit transfer A smart way to consolidate higher interest-rate debt Save time and use your low-rate Bank of America home equity line of credit (HELOC) Footnote [1] to finance home improvements, pay for education or consolidate higher interest-rate debt. Use your available...
Refer to bankofamerica.com/savings for current rates. 8 Preferred Rewards Home Equity Line of Credit. Home Equity Line of Credit (HELOC) interest rate discounts are offered to clients who are enrolled or are eligible to enroll in Preferred Rewards, based on their rewards tier at the ...
Higher rates for fixed loans: While you don’t have to pay a fee to convert to a fixed-rate loan, your new interest rate will be slightly higher than your original variable rate. Home equity loan product options With a Bank of AmericaHELOC, you can borrow as little as $25,000 up to...
Fixed-Rate Loan Option during loan term:You may convert all or a portion of your outstanding HELOC variable-rate balance to a Fixed-Rate Loan Option, resulting in fixed monthly payments at a fixed interest rate. The minimum outstanding balance that can be converted into a Fixed-Rate Loan Opti...
If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. Refer to bankofamerica.com/savings for current rates. Footnote 8 Home Equity Line of Credit (HELOC) interest rate discounts are offered to clients who are enrolled or are ...
To elucidate the process of computing the minimum payment for a Home Equity Line of Credit (HELOC) at Bank of America, consider the following hypothetical scenario: Outstanding Balance:$50,000 Interest Rate:5% (Variable) Payment Structure:Transitioned from interest-only payments to encompassing both...
Bank of America is now paying its U.S. workforce at least $21 an hour — or nearly three times thefederal minimum wage of $7.25, which has not budged in a dozen years even though a majority of Americanssupport an increase. The pay hikeannounced bythe nation's second-biggest bank on ...
The Bank of America® Customized Cash Rewards credit card offers a respectable cash back rate, as well as the ability to select and change your top-earning bonus category each month. Members of the Bank of America Preferred Rewards program can earn additional cash back on top of the card...