Reply
Established Contributor
aussiesareforever
Posts: 741
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 ($6400) --- Capital One Quicksilver ($10,000)---GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)

FICO Scores: TU 735 EQ 709 EX 740 (Feb 2013, all pulled by lender)

New Visitor
Fsmith509
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
HiLine
Posts: 3,172
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
jsickz32
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
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)
Blogger
HiLine
Posts: 3,172
Registered: ‎10-19-2012

Re: Bank of America

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


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}