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Bank of America Review & Interest Rates

Rate This Bank : 1 Stars 2 Stars 3 Stars 4 Stars 5 Stars 2.63  (8 User Voted)

Bank of America Review

Founded in 1904, the Bank of America offers a wide range of deposit account and investment options. Its bank credit card is known the world over.

 

Bank of America's history traces back to 1904 when Amadeo Peter Giannini first opened the Bank of Italy in San Francisco. Two years later, Giannini loaned money to citizens to help rebuild San Francisco following a devastating earthquake. Giannini merged his company with the Los Angeles Bank of America in 1929, forming the Bank of America National Trust and Savings Association. The bank is recognized for inventing the first bank credit card in 1959, calling it BankAmericard, a name subsequently changed to VISA in 1977.

As of 2010, the Bank of America serves 57 million individual and small business customers through 5,900 branch offices, over 18,000 ATMs, and an online banking service that is currently used by 29 million customers. There are operations in more than 40 countries worldwide and Bank of America Corporation stock (BAC) trades as a component of the Dow Jones Industrial Average.

Bank of America products and services

The Bank of America offers a wide range of products, money management, and investment services. Consumers may choose a savings account, growth-maximizer money market account, or a high-yield, fixed term CD. The bank's checking account options include eBanking paperless checking, full-service checking, checking with tiered interest rates, and small business checking bundles.

Bank of America debit cards are issued free to all checking account holders, as well as a debit card that offers airline miles through several partner carriers, and cash back with purchases at partner food store and service stations.

Bank Of America Rates & Review
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Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available. Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author's alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program. UGC Disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.