Bank of America - Preferred Tiered Interest Checking

Average Score:

•   Good enough checking

  This B of A checking is my everyday account - it's what I use for bill paying, it's where I get my work checks deposited, etc. The online banking website is pretty good, and it makes setting up bill payments easy and its very easy to keep track of when I've paid bills and how much I've paid. It pretty much does everything I need it to do.

  I know there are better places to put my money (I often feel I'm getting hosed on the interest rates ), but I tend to keep a bunch at B of A simply because its easy given that its basically the hub of my day to day finance operation. The balance I have there qualifies me for the "preferred" service, and I'm not sure what that gets me other than a woman who calls me a few times a year to tell me to put money into juicier products, most of which I can't use because of the nature of my employment (trader), although I will occasionally get sucked into putting cash in 9 month CDs to boost my rates a bit.

  Posted by eshigs -- June 4, 2009