Easy $50 Bonus with New Bank of America Checking Account – 2012

Bank of America sure flipped the switch on their overall outlook to checking accounts. After a short-lived but frenzy-stirring threat to impose monthly checking account fees, Bank of America has not only rescinded that notion but is now offering $50 bonuses to NEW checking account holders.

It is a fairly decent offer when stacked up against some of the other top checking account bonuses this year simply because you’re only Read more…

Bank of America’s CD Rates in 2012

So far in 2012, Bank of America’s FDIC-insured savings accounts and certificates of deposit are pretty much on par with the nation’s other largest banks – quite terrible. The highest yielding CD offered from Bank of America is currently their “10 year CD” which is yielding just 2.30% annually.

If you must invest in one of Bank of America’s savings products we would recommend looking through their “promotional offers.” The rates Read more…

Bank of America CEO nets $8.1 Million Last Year While Market Share Drops 50%

Despite Bank of America’s (BAC) stock price plunging over 50% in 2011, we’ve just learned that CEO Brian Moynihan made just over $8 million for his work there last year – up from $1.9 million in 2010.

In January of 2011, Bank of America’s stock price was sitting at $14 plus per share and just $5.56 on the last day of trading in that same year.

Since the beginning of Read more…

New Fees Potentially on the Horion Again for Bank of America Customers

Just months after the looming threat of new debit card fees came to an end, Bank of America is again testing for new ways to add revenue by means of implementing new fees.

Currently Bank of America is undergoing testing in 3 states to gauge satisfaction (or acceptance) in new account platforms. The new account types are classified in a range from what they call an “Essentials” option, which provides basic needs, Read more…

Markets get Crushed, Big Banks Follow Suit

Wall Street’s taking another beating today, with the the Dow looking to close down around 4.20 percent.

The roller coaster highs and lows we’ve been seeing appear to be here to stay, and whenever the markets get crushed the major publicly traded banks at least follow suit with equal losses – and in some cases much more.

Current Status of Publicly Trade Banks:

1) Citigroup Inc: (NYSE: C) – Down roughly 7.50%.

With a market Read more…