The bank's retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, Moynihan told CNBC's Leslie Picker. That rate is an ...

The Fed is likely to retain its ‘wait-and-see’ approach at the Federal Open Markets Committee decision on Wednesday, but higher-for longer rates no longer support the dollar like they did before. This ...

Many of Bank of America’s certificates of deposits offer unimpressive rates. BoA boasts an annual percentage yield (APY) as low as 0.03%. Yet there are exceptions: Yields on the Bank of America ...

But are Bank of America’s savings account interest rates competitive? And how do the bank’s rates compare against national averages? Bank of America’s interest rates vary by ZIP code.

Brian Moynihan, CEO of Bank of America, also discussed whether he sees any validity in concerns about the end of American ...

Despite growing political pressure, the Federal Reserve is expected to leave interest rates unchanged following its two-day ...

Dori Zinn is a personal finance journalist with more than a decade of experience covering credit, debt, investing, budgeting, saving, retirement, college affordability, jobs and careers and more.

like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience. Bank of America CD FAQs It ...

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.

The compensation may impact ... faster. Bank of America offers CDs with a wide range of terms and just a $1,000 minimum opening deposit. Some of these options provide higher interest rates than ...

Here’s an overview of Bank of America’s CD rates. This article focuses on its Featured CDs, which offer a higher APY. Rates vary by ZIP code. The rates in this review are for the New York ZIP ...