Thursday, September 13, 2007

Bank of America - MMA 5.71% for $50K+, min of $2.5K for no fees

For those of you who have FNBO ending, here is your replacement. Here

Then click the right arrow, under the Savings box, where it says "More savings options <>" to get to the second page.

It will then go to the Money Market Savings product.

Click Rates and Fees tab and then click More. Attached is a screen shot of this last page.

A pretty respectable 5.35% for amounts between $2.5K and < $10K

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Details:

$1,000 minimum opening balance required
5.57% interest rate with balance from $50,000 up to $100,000
Free Online Banking service with free Bill Pay

Convenient savings with the flexibility of withdrawal.

Who it's for
You want higher interest rates and easy access to your savings

Standard features
$1,000 minimum opening balance required
5.57% interest rate with balance from $50,000 up to $100,000
Free Online Banking service with free Bill Pay
FDIC insured to the maximum amount allowed by law

Flexible account options
Set up automatic monthly transfers to or from your checking account

Rates and Fees:

$1,000 minimum opening balance required
No monthly maintenance fee with minimum balance

Pricing
Keep a minimum daily balance of $2,500 and avoid the $12 monthly maintenance fee
If transactions exceed the legal limit, there is a $10 fee per transaction

Interest rates
With Money Market Savings interest is compounded and credited monthly.

Money Market Savings - Advantage Interest Rate APY*
Less than $2,500 2.96% 3.00%
$2,500 - $9,999 5.22% 5.35%
$10,000 - $24,999 5.32% 5.45%
$25,000 - $49,999 5.32% 5.45%
$50,000 - $99,999 5.57% 5.71%
$100,000 - $499,999 5.57% 5.71%
$500,000 - $2,499,999 5.57% 5.71%
$2,500,000 and over 5.57% 5.71%

*Annual Percentage Yield (APY) is accurate as of 09/13/2007. Rates may change at any time without prior notice. Fees could reduce earnings on the account. Minimum opening balance is $1,000.

Important Notice: Federal regulation and our deposit agreement limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or Check Card. You are limited to six withdrawals and/or transfers from your savings account each monthly statement cycle by pre-authorized transfer, or telephone/PC transfer (including bill payments). And, if the account permits transfers by check or Check Card, no more than three of the six limited transfers may be by check or Check Card.

Account Services:

Online Banking
Other account services
ATMs and banking centers

Online Banking
Electronic statements available
View your account activity virtually anytime with Online Banking service
Make same-day transfers between accounts1

Other account services
Make transfers to manage unexpected expenses
Set up automatic recurring transfers to make saving easier
Name your account(s) to organize your savings efforts
Use your savings account balance to provide overdraft protection for your checking account

ATMs & Banking Centers
Access to more than 5,000 Banking Centers coast-to-coast
No ATM fee to access more than 16,000 ATMs nationwide

1Transfers you submit to your checking or savings account or another Bank of America customer's checking or savings account before the daily cut-off time of 10:45 p.m. Eastern Time on any day will be credited to the account on the same day.

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