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Money Market Accounts

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Last Updated: 04/18/2025

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Bank of America Money Market Account

in Money Market Accounts from Bank of America

Last Updated: 04/18/2025

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Highlights

APY (Annual Percentage Yield)

0.01%(Verified 06/21/2024)

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Minimum Balance to Earn APY

N/A

Minimum Opening Deposit

Bank of America Money Market Account Review

Bank of America Money Market Account is no longer available to new customers on SuperMoney.

Click here to compare and quickly find the best options for your needs.

Bank of America Money Market Account is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America money market account are available in 50 states and Washington, DC.

Key Takeaways

Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.01.
Small minimum initial deposit. You only need $1 to open an account.

Pros & Cons of Bank of America Money Market Account

Pros

Cons

Available in 50 states and Washington, DC.
Does not offer mobile check deposits.

Does not provide a debit card.
Not FDIC-insured.
Monthly service charge .

Bank of America Money Market Account FAQ

Are money market accounts from Bank of America federally insured?

Yes, your Bank of America money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Bank of America money market account rates?

Bank of America Money Market Account Rates and Terms

Rates

Amount

APY

0.01%

Bank of America money market account offers an APY of up to 0.01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $.

What are the fees for Bank of America Money Market Account?

Bank of America Money Market Account Fees

Description

Monthly Service Fee

Starting at $12

What is the minimum balance for Bank of America money market account?

Minimum deposit of $1. You must make an initial deposit of at least $1 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

What features and perks does Bank of America money market account offer?

This account does not seem to offer any of the features and perks we track.

What is the customer service phone number?

The customer service number for this account is (800) 932-2775.

What is the support contact email?

The support contact email for this business credit card is customerservicealert@bankofamerica.com.

How to open an account with Bank of America

Visit the Bank of America website.
Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
Check the information is accurate and submit your application.

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Message from Bank of America money market account

At Bank of America, we ask this question every day of all those we serve. It is at the core of how we live our values, deliver our purpose and achieve responsible growth. By asking this question, we continue to learn what matters most to our clients, our employees and our shareholders. It helps us start a conversation centered on our commitment to use our capabilities to help those we serve be successful. Because we recognize that we can only be successful when the individuals, companies, communities and employees we serve are able to reach their vision of success.

Contact

Headquarters

100 North Tryon Street

Charlotte, NC 28255

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