Bank of America's 5.70% Money Market Savings Account
September 17, 2007
Bank of America is offering a money market savings account with a 5.55% rate and 5.70% APY through their Defenders of Wildlife charitable contribution program which in itself is a program that they inherited from their acquisition of MBNA Bank. This promotion is nearly hidden on their site, but visitors to The Savings Investor have successfully negotiated their online application and are earning a healthy 5.70% on a charity-based deposit.
- $1,000 minimum opening balance required
- 5.55% 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.
Click for here more information or to apply. The Defenders of Wildlife website is here.
Standard features of Bank of America Defenders of Wildlife Money Market Savings Account
$1,000 minimum opening balance required
5.55% 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
fastreply
21 September 2007 at 1:42 pm
UPDATE: As of 09-21-07 the rate went DOWN to 4.90APR - 5.70 no more
Anonymous
17 September 2007 at 8:23 pm
Will the stated rate be subject to a reduction at the option of Bank of America at any time?
Anonymous
17 September 2007 at 8:22 pm
Will the rate offered be subject to a reduction in the discretion of Bank Of America?
Or, is there a set time limit for the rate to stay in effect?
Thank you