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Established Contributor
Posts: 759
Registered: ‎10-04-2010

Bank of America

I finally have a decent size savings account (i.e more than $100...lol) and I noticed that Bank of America credited me $0.10 for earned interest last month. Upon further investigation, I found out that my savings APR is 0.01%. Seriously 0.01%?????

 

That rate applies to all balances too. So that if someday my $5000 balance becomes $50,000, I will still only earn 0.01%

 

Ridiculous. I moved my money to Capital One (I know). At least I'll earn 0.60% there. I need to call my credit union in the morning to see what their rates are.

BK in 2008, after making very stupid financial. decisions.

Barclay's Apple Financing Card ($8400) --- Capital One Quicksilver ($13,000)---GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)--- Discover IT ($5000)

New Visitor
Posts: 0
Registered: ‎12-10-2012

reRe: Bank of America

ING Direct has .75% interest right now - just about ANY online bank will beat Bank of America

Blogger
Posts: 3,360
Registered: ‎10-19-2012

Re: reRe: Bank of America

The awesomeness of BofA's savings account is in the Keep the Change program. It's 100% return after a year, and 5% per year afterwards.

Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012

Re: Bank of America

How do you get those 5%? When i click to check the keep the change program shows the amount but i dont know what to do from there
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Blogger
Posts: 3,360
Registered: ‎10-19-2012

Re: Bank of America

Your 5% matching from BofA will be credit at the anniversary of your enrollment.

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