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Bank of America is offering 1.50% APY on balances from $10,000 to $250,000 on its Introductory Rate Money Market Savings. The rate is guaranteed through 1/04/2010, and at that time, the account will convert into BofA's new Growth Money Market Savings account.
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An APY of 1.50% is nothing to get excited about, but unfortunately, in today's environment, it's fairly competitive. It's higher than the savings account rates offered by ING Direct, HSBC Direct and ETrade Bank. And in the next couple of months, it may be higher than rates offered by several other online savings accounts.

 

Submitted: Aug 21, 2009    Views: 237    Comments: 0    Likes: 1   


View Article: http://bankdeals.blogspot.com/2009/08/bank-of-americas-introductory...


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