Bank of China Money Market Savings Account
in Money Market Accounts from Bank of China
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| APY | 0.05% |
Bank of China Money Market Savings Account Review
Bank of China is based in New York, NY. It was founded in 1912 and offers its money market accounts in 3 states across the USA.
If you're considering a money market account and want to know whether Bank of China Money Market Savings Account is right for you, read on.
Is Bank of China Money Market Savings Account insured by the FDIC?
FDIC insured. Bank of China Money Market Savings Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in money market accounts up to $250,000 per depositor if a member institution fails.
What are the Bank of China Money Market Savings Account rates?
| 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?
Bank of China Money Market Savings Account does not charge a monthly maintenance fee. 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.
| 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.
Contact
- Headquarters
-
410 Madison Avenue
New York, NY 10017 USA - Visit Site
Other Services by Bank of China
Availability
- California
- Illinois
- New York
Feature Breakdown
| APY Minimum Balance | $1,000 |
| Minimum Balance to Avoid Monthly Fee | $1,000 |
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