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Bank of America

Established Contributor

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 January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 1 of 5
4 REPLIES
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New Visitor

reRe: Bank of America

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

Message 2 of 5
Blogger

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.

Message 3 of 5
Valued Contributor

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
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Message 4 of 5
Blogger

Re: Bank of America

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

Message 5 of 5