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.

Last Updated: 04/18/2025

Not Currently Available

Bank of America Money Market Account

from Bank of America

Last Updated: 04/18/2025

Rating not yet determined2 total votes

2 users don't recommend

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Highlights

APY (Annual Percentage Yield)

0.01%(Verified 06/21/2024)

Disclaimer popup with additional information

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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

Visit Site

Email Support

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

-100

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Bank of America Money Market Account Community Reviews

Would you recommend Bank of America Money Market Account to your friends?

Paul W.

Nov 22, 2023

May or may not recommend

They have a very poor yield (0.01%) on money market savings funds, go elsewhere. At BOA they don't care about small savers just trying to make a few pennies on what we can save each month. I only made a nickel for the whole year last year and it is not getting any better even though interest rates are going up everywhere else. If I didn't need the BOA ...Show More

Audrey B.

Sep 11, 2020

May or may not recommend

I don’t recommend Bank of America.The reasons why are they get robbed a lot and I don’t feel safe going inside a bank that gets robbed. I have seen it get robbed many times while I was passing by. They also have high fees that are ridiculously, $50 for everything. If you call customer service good luck getting anywhere with them - even before the pandemic. I called ...Show More

Showing 2 of 2 reviews