Here’s a closer look at the rates offered by Bank of America’s savings accounts. The rates are for those living in the New York tri-state area and could vary by state. Account nameInterest rateAPYMinimum deposit Advantage Savings0.01%0.01%$100 ...
Bank of America’s Advantage Saving account isn’t the highest interest-earner, offering an APY far below the national average. To earn its highest rate, you need a total banking account balance of at least $100,000, making it impractical for many customers. ...
Bank of America’s featured and fixed-rate CDs have early withdrawal penalties if you take money out before the CD’s maturity date. The amount of interest you’ll have to pay depends on the term length of your CD. CDs with terms of less than 90 days: You pay the greater of seven ...
The article reports that Bank of America Corp. (BofA) is going to raise the interest rates in June 2009, for customers who carry a balance on credit cards with rates less than 10%. The spokesperson for BofA says that the increase in rates reflects present economic conditions where cost of...
Bank of America's net interest income, which reflects how much money the bank makes from charging interest to customers, rose 25% to $14.4 billion in the quarter. The banking industry was rocked by the failures of two U.S. lenders in March. The collapses battered bank stocks and prompted...
NEW YORK (AP) — Bank of America’s fourth-quarter profits rose by 39 percent on an adjusted basis, the bank said Wednesday, helped by last year’s steady rise in interest rates as well as a lower tax rate. The Charlotte-based banking giant said it earned $7.28 billion, or 70 cents...
A lower interest rate credit card can help you save on the cost of debt by making it easier to pay down your balance faster. BankAmericard®credit card BankAmericard® Save on interest No annual fee† Tap to Pay 0% Intro APR†for 18 billing cycles for purchases, and for any bal...
Find information on rates and fees for your Bank of America accounts. Learn about monthly maintenance fees, ways to help avoid overdraft fees, and more.
But even a 3.9% year-on-year increase in core CPI could open the door for the Federal Reserve to cut interest rates in March. Bank of America economist Stephen Juneau said in a report: “The December CPI report, which is largely in line with our expectations, will continue to show that...
ECB's interest rate cut. They said, “The Fed's interest rate cut should have a greater impact on foreign exchange and the overall market.” As a result, Bank of America expects the dollar to weaken and expects EUR/USD to rise from the current 1.0942 to 1.15 before the end of the ...