Bank of China Money Market Savings Account Review

Bank of China Money Market Savings Account is offered by Bank of China, a bank founded in 1912 and based in New York, NY. Bank of China Money Market Savings Account is available in 3 states across the USA.

Are money market accounts from Bank of China federally insured?

Yes, your Bank of China 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 Bank of China Money Market Savings Account rates?

Bank of China Money Market Savings Account Rates and Terms

Rates	Amount
APY	0.05%

Bank of China Money Market Savings Account offers an APY of up to 0.05% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $1000.

What are the Bank of China Money Market Savings Account fees?

This account charges a monthly maintenance fee of up to $25. You can avoid this fee by maintaining a balance of $1,000.

Bank of China will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

Bank of China Money Market Savings Account Fees

Fees	Amount
Monthly Fee	up to $25
Paper Statement Fee	N/A
Excess Transaction Fee	$10

What is the minimum balance for Bank of China Money Market Savings Account?

No minimum initial deposit. Bank of China does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $1,000. You can avoid the monthly fee if you keep a minimum balance $1,000.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does Bank of China Money Market Savings Account offer?

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

How to open an account with Bank of China

• Visit the Bank of China 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.