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

While any movement on interest rates seems improbable, the meeting will feature important signals that still could move ...

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 bank ...

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 ...

He also said Bank of America does not see the Federal Reserve cutting rates this year "because they think inflation has been sticky, will continue to be sticky." Inflation measured by the consumer ...

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.

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 ...

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 ...

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 ...