Established Contributor
aussiesareforever
Posts: 740
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: 2,878
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: 2,878
Registered: ‎10-19-2012
Re: Bank of America

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