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Bank of America’s Advantage Relationship Banking product offers interest rates of 0.01% on your checking account balance of up to $50,000 and 0.02% on balances above $50,000.
In a statement, a spokesperson for Bank of America said: “Some clients are experiencing an issue accessing their accounts and balance information today. These issues are being addressed and have ...
Many banks no longer impose minimum balance requirements on everyday checking, but premium accounts — like Bank of America Preferred Rewards — often come with hefty minimum balance ...
Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer ...
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