Bank of America is offering an in-branch promotion of a 1.50% APY Introductory Rate Money Market Savings on balances from $10,000 to $250,000. The rate is guaranteed through 1/04/2010, at which point it will be switched over to a Growth Money Market Savings account. Additionally, to receive this rate you must open a personal checking account. The minimum balance to open this money market savings account is $10,000.
The Growth Money Market Savings Account is a new account for Bank of America. Overall the rates are average starting as low as 0.75% APY for balances up to $100K and 0.85% for over $100K.
Small Print
- The rate for balances that fall below $10,000 is 1.00% as of 8/21/09
- To avoid any monthly fees, you need a minimum balance of $5,000, or if you link the account to an Advantage with Tiered Interest Checking
