How much money does it cost to start a savings account at Bank of America?
How much money does it cost to start up a savings account and how much money always has to be in your savings account. At my old bank it cost $5 to start up a savings account and that $5 always has to remain in there.
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July 31st, 2010 at 6:32 pm
not sure about Bank of America…you can check it out on their website.
http://www.bankofamerica.com
I would suggest going with a bank that pays the most in interest. I use ing and I love my account. I think I started it will $100, but you can start with less than that. They have never penalized me for the many times I have emptied my account either. I am very happy using them even though it is an online bank-they make it easy to link the account to your checking account to deposit money. You can also have direct deposit from your pay check. I don’t think they offer an atm card with it though.
July 31st, 2010 at 6:58 pm
Not sure how old you are, but online savings account pay higher rates of interest and many, like EmigrantDirect, have no minimum amount to keep the account open and no fees. I think that Bank of America account barely pays any interest at all.
July 31st, 2010 at 7:57 pm
Every bank is different, obviously you are aware of that, the best resource to ask is B of A.
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