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Bank of America

Bank of America
Bank of America HQ, Charlotte

Bank of America logo

Bank of America Corporation (NYSE: BAC) is the largest bank holding company in the United States by assets, and the second largest bank by deposits after J.P.Morgan Chase. Bank of America was originally headquartered in San Francisco. In 1998, It merged with NationsBank in Charlotte and retained the Bank of America name. Headquarters are now located in Charlotte. In 2005, the company acquired MBNA, a leading issuer of credit cards. MBNA is currently a part of Bank of America Card Services and the largest credit card issuer in the U.S. The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth manager and a major player in the investment banking industry. BoA generates approximately 91% of its revenues from the local market and continues to buy businesses in the United States. The core of Bank of America's strategy is to be the number one bank in its domestic market. Bank of America provides unmatched convenience in the United States, serving more than 57 million personal and small business customers through nearly 5,800 retail banking offices and over 17,800 ATMs.

 Key Statistics:

Total assets $2.129 trillion (2011), $2.264 trillion (2010)
Revenue $115.07 billion (2011)
Net income $1.45 billion (2011)
Total equity $230.10 billion (2011)
Company Size 288,000 employees (2010)

 Money Market Account Rates & Fees

Growth Money Market Savings Standard with Rate Bonus
Rate APY Rate APY
Less than $5,000 0.05% 0.05% 0.10% 0.10%
$5,000 - $9,999 0.05% 0.05% 0.10% 0.10%
$10,000 - $24,999 0.10% 0.10% 0.15% 0.15%
$25,000 - $49,999 0.12% 0.12% 0.17% 0.17%
$50,000 - $99,999 0.15% 0.15% 0.20% 0.20%
$100,000 - $499,999 0.15% 0.15% 0.20% 0.20%
$500,000 - $2,499,999 0.15% 0.15% 0.20% 0.20%
$2,500,000 and over 0.15% 0.15% 0.20% 0.20%

APY's are effective as of 10/22/12 and are subject to change without notice, before or after the account is opened.
No monthly maintenance fee when you link to a Bank of America Advantage with Tiered Interest Checking or Preferred with Tiered Interest Checking, or maintain a minimum daily balance of $2,500 or more in your account. Otherwise, the monthly maintenance fee is $12.

Headquarters address:
100 North Tryon Street
Charlotte, NC 28202
United States
Phone number: 704-386-5681
Fax: 704-386-6699
Website: www.bankofamerica.com