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About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other. It operates in 32 states, the District of Columbia and 30 foreign countries.
Customer Service
1-800-432-1000
Average Customer Reviews2 out of 5 marks for 471 reviews |
Poor |
|
Bank Financial HealthTexas Ratio |
Medium |
|
Bank FeesAccording to National Average |
Medium |
|
Interest RatesAccording to National Average |
Medium |
|
Number of LocationsAccording to National Average |
Good |
Bank of America Financial Health
Average
The Bank Health Meter is based on the Texas Ratio percentage, which is used to determine the extent of a bank's credit trouble. The Texas Ratio is calculated by dividing the value of the lender's non-performing assets minus its U.S. guaranteed loans ((Non performing loans - U.S. guaranteed loans) + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves. Deposit Accounts offered by Bank of America, National Association, Member FDIC.
Bank of America Reviews
471
Average customer rating
2 out of 5 marks
Latest Review
Danny D reviewed Bank of America
May 11th 2012
3 out of 5 marks
“Started good, but ended bad”
Got a credit card from them fairly easily, even though I did not have a huge income. After my balance was high for a few months, it was paid in full so that the current balance was $0.00. The following day I was called by BoA to say that they are closing my account due to a "recent credit evaluation". I tried to explain that I have just paid off ALL 6 of my credit cards and that it would not show on my credit report, but they would not hear any of it. I even aske...
Bank of America Fees
| Type | Fee | National average |
|---|---|---|
| Monthly Inactivity | N/A | $6 |
| Non-Sufficient Fund (Overdraft) | $35 | $30 |
| Stop Payment item | $30 | $28 |
| Return Deposit | $35 | $17 |
| Domestic Wire Transfer (Outbound) | $25 | $21 |
| Domestic Wire Transfer (Inbound) | $12 | $9 |
| Non-Bank ATM | $2 | $1 |
Bank of America Rates
| TERM | RATE | MIN TO OPEN | |
|---|---|---|---|
| 3 Month CD |
0.28% APY |
$1,000 |
|
| 6 Month CD |
0.30% APY |
$1,000 |
|
| 9 Month CD |
0.30% APY |
$1,000 |
|
| 12 Month CD |
0.35% APY |
$1,000 |
|
| 18 Month CD |
0.35% APY |
$1,000 |
|
| 24 Month CD |
0.40% APY |
$1,000 |
|
| 30 Month CD |
0.45% APY |
$1,000 |
|
| 36 Month CD |
0.60% APY |
$1,000 |
|
| 48 Month CD |
0.85% APY |
$1,000 |
|
| 60 Month CD |
1.11% APY |
$1,000 |
|
| 120 Month CD |
2.30% APY |
$1,000 |
| TERM | RATE | MIN TO OPEN | |
|---|---|---|---|
| 9 Month CD |
0.30% APY |
$5,000 |
| TERM | RATE | MIN TO OPEN | |
|---|---|---|---|
| 6 Month CD |
0.30% APY |
$3,000 |
|
| 9 Month CD |
0.30% APY |
$3,000 |
|
| 12 Month CD |
0.35% APY |
$3,000 |
|
| 18 Month CD |
0.35% APY |
$3,000 |
|
| 24 Month CD |
0.50% APY |
$3,000 |
|
| 36 Month CD |
0.70% APY |
$3,000 |
|
| 48 Month CD |
0.95% APY |
$3,000 |
|
| 60 Month CD |
1.21% APY |
$3,000 |
| TERM | RATE | MIN TO OPEN | |
|---|---|---|---|
| 9 Month CD |
0.30% APY |
$2,000 |
| NAME | RATE | MIN TO EARN APY | MIN TO OPEN | |
|---|---|---|---|---|
| Regular Savings |
0.05% APY |
$0 |
$25 |
| NAME | RATE | MIN TO EARN APY | MIN TO OPEN | |
|---|---|---|---|---|
| Growth Money Market Savings |
0.08% APY |
$5,000 |
$25 |
|
| Growth Money Market Savings |
0.08% APY |
$0 |
$25 |
|
| Growth Money Market Savings |
0.25% APY |
$10,000 |
$25 |
|
| Growth Money Market Savings |
0.40% APY |
$50,000 |
$25 |
|
| Growth Money Market Savings |
0.40% APY |
$25,000 |
$25 |
|
| Growth Money Market Savings |
0.45% APY |
$100,000 |
$25 |
|
| Growth Money Market Savings |
0.60% APY |
$500,000 |
$25 |
|
| Growth Money Market Savings |
0.60% APY |
$2,500,000 |
$25 |
| NAME | RATE | MIN TO EARN APY | MIN TO OPEN | |
|---|---|---|---|---|
| Advantage with Tiered Interest Checking |
0.05% APY |
$0 |
$100 |
|
| Advantage with Tiered Interest Checking |
0.08% APY |
$10,000 |
$100 |
|
| Advantage with Tiered Interest Checking |
0.10% APY |
$100,000 |
$100 |
| NAME | RATE | MIN TO EARN APY | MIN TO OPEN | |
|---|---|---|---|---|
| MyAccess Checking Account |
0.00% APY |
N/A |
$25 |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 30K HELOC |
6.50% APR |
$0 |
Excellent (720-850) |
||
| 30K HELOC |
6.74% APR |
$0 |
Good (690-719) |
||
| 30K HELOC |
7.49% APR |
$0 |
Fair (630-689) |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 50K HELOC |
5.12% APR |
$0 |
Excellent (720-850) |
||
| 50K HELOC |
5.37% APR |
$0 |
Good (690-719) |
||
| 50K HELOC |
6.12% APR |
$0 |
Fair (630-689) |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 75K HELOC |
5.12% APR |
$0 |
Excellent (720-850) |
||
| 75K HELOC |
5.37% APR |
$0 |
Good (690-719) |
||
| 75K HELOC |
6.12% APR |
$0 |
Fair (630-689) |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 100K HELOC |
4.49% APR |
$0 |
Excellent (720-850) |
||
| 100K HELOC |
5.24% APR |
$0 |
Good (690-719) |
||
| 100K HELOC |
5.99% APR |
$0 |
Fair (630-689) |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 30K Home Loan |
7.04% APR |
N/A |
Excellent (720-850) |
||
| 30K Home Loan |
7.29% APR |
N/A |
Good (690-719) |
||
| 30K Home Loan |
7.44% APR |
N/A |
Fair (630-689) |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 50K Home Loan |
6.39% APR |
N/A |
Excellent (720-850) |
||
| 50K Home Loan |
6.79% APR |
N/A |
Good (690-719) |
||
| 50K Home Loan |
7.44% APR |
N/A |
Fair (630-689) |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 75K Home Loan |
6.04% APR |
N/A |
Excellent (720-850) |
||
| 75K Home Loan |
6.79% APR |
N/A |
Good (690-719) |
||
| 75K Home Loan |
7.44% APR |
N/A |
Fair (630-689) |
| NAME | RATE | ANNUAL FEE | CREDIT SCORE | COMMENTS | |
|---|---|---|---|---|---|
| 100K Home Loan |
6.39% APR |
N/A |
Excellent (720-850) |
||
| 100K Home Loan |
6.64% APR |
N/A |
Good (690-719) |
||
| 100K Home Loan |
7.39% APR |
N/A |
Fair (630-689) |
| TERM | RATE | ANNUAL FEE | COMMENTS | |
|---|---|---|---|---|
| 24 Month New Car |
2.74% APR |
N/A |
||
| 36 Month New Car |
2.74% APR |
N/A |
||
| 48 Month New Car |
2.74% APR |
N/A |
||
| 60 Month New Car |
2.74% APR |
N/A |
||
| 72 Month New Car |
2.94% APR |
N/A |
| TERM | RATE | ANNUAL FEE | COMMENTS | |
|---|---|---|---|---|
| 36 Month Used Car |
2.99% APR |
N/A |
||
| 48 Month Used Car |
2.99% APR |
N/A |
||
| 60 Month Used Car |
2.69% APR |
N/A |
| TERM | RATE | ANNUAL FEE | COMMENTS | |
|---|---|---|---|---|
| 36 Month Refinance |
3.04% APR |
N/A |
||
| 48 Month Refinance |
3.04% APR |
N/A |
||
| 60 Month Refinance |
3.04% APR |
N/A |
Bank of America in the News
May 17th, 2012
What Does a 10-Year-Old Look For In a Bank? Weighing Fees, Rates and Candy
If you’re a bank looking to woo the next generation of savers, I have one piece of advice for you: Don’t skimp on the candy. My 10-year-old daughter and I recently embarked on a learning adventure to obtain a savings account for her. Along the way, I learned the correct way to do a fist bump, ...
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