Bank of America is a financial services company that offers a wide variety of products and services, including banking, mortgages and insurance. Its main operations are in the United States and several other countries.
Founded in San Francisco, bank of america has more than 4,600 branches and 15,900 ATMs across the country. Its retail banking services include checking, savings and loan accounts, credit cards, investment products and retirement plans.
The company offers a number of different types of credit cards, many of which offer a wide range of rewards opportunities for consumers. Some of these credit cards also allow you to earn cash back for spending in particular categories, which can be a good deal if you make purchases in those areas regularly.
For those who travel frequently, bank of america offers several travel rewards credit cards that are worth considering. These cards tend to have low-hassle rewards structures, though there are some limitations, such as a relatively high spending cap. They may not be a great choice for those who aren’t comfortable with the rewards structure, but they could still be a good option for those who want a flexible credit card that can give them the freedom to spend where they choose and earn a fair amount of rewards.
Another option for credit card shoppers who aren’t looking to pay annual fees is the Bank of America Premium Rewards credit card, which offers a welcome bonus of 50,000 points after you make $3,000 in purchases within the first 90 days of account opening. These points can be redeemed for various travel expenses, such as flights and hotel stays.
Bank of America has a few options for CDs, or certificates of deposit. These accounts come in five term lengths, from seven months to 37 months and require a minimum deposit of $10,000. They currently offer 0.03% APY.
While the interest rates on bank of america’s savings and CDs aren’t as competitive as those offered by many online banks, there’s a lot to like about them. These accounts are easy to access from a mobile app and have a virtual financial assistant named Erica who can help you manage your finances, receive bill reminders and provide weekly snapshots of your spending.
If you’re looking for a bank that can handle a larger amount of money, Bank of America has a few options for business customers as well. The bank offers corporate and commercial credit cards, as well as a number of business banking services.
In addition to its banking and credit cards offerings, the bank also has a wealth management division that operates through Merrill Lynch & Co. The division provides investment advice and private wealth management services to individuals, institutions and corporations.
The bank’s wealth management division manages over US$1.081 trillion in assets, making it one of the largest providers of wealth management services in the world. It has offices in more than 35 countries and a network of approximately 46 million consumer and small-business relationships across the nation.
