badguy, perhaps you should read the information before you post inaccurate info to this board. MBNA's pages simply have not been updated. If you had taken the time to call the phone number on the page where you checked the interest rates you would have found out that the new rates are just as they should be: $2500- $9999 4.58%; $10,000 - $49,999 4.84%, and $50,000+ 5.10% for Defenders and Motley Fool. Depending on your organization the tiers may be different but the rates are the same. Also, the information on their page states effective through July 2, 2006. Since today is Monday July 3, and the page has not been updated perhaps they gave their employees off for the holiday weekend and it will be updated on wednesday. Sometimes taking a few extra seconds to verify information is better then jumping the gun and getting mad at a company because they didn't update a page with an interest rate change of 0.03%.

Well, the MFR rate increased by 0.08% as of 7/11/06. Therefore, next Monday 7/17/06 MBNA's rates will be approximately 4.73%, 4.99%, and 5.25% APY's without just a straight 0.08% increase and no yield adjustment so it probably will be closer to 4.74%, 5.00%, and 5.26%. These are some pretty darn good rates. I hope that Bank of America keeps these accounts unlike the previous poster reported. If not my money in this account will be moving to HSBC. I currently bank with Bank of America so am really hoping they keep this account with these awesome rates since it is much more convenient then having to transfer back and forth from HSBC.

Leland said:Dumb question. Does the rate apply universally based on balance or is it a sliding scale (the way it is w/ credit cards)?

In other words.

With a 75K deposit do you have all money at the max APY, or is it tiered so that 10K earns the low tier, 40K earns the mid tier, and only 25K earns the high tier?

Thanks!
All your money will get the max APY

Just dont open the Motley Fool version, open chemistry.org or other version.

badguy said:Alcibiades said:Just dont open the Motley Fool version, open chemistry.org or other version.
Are you saying they will keep the same rate structure for chemistry.org accounts after BOA takes over ?Nope, just saying that these accounts at least are not yet scheduled for elimination as is the Motley Fool account. Honestly, as of now I wouldnt bother opening any of these MBNA accounts; I would GUESS they will all be integrated and end up with a lower APY.

Is MBNA APY 5.30% only for those deposits above 50k, or do all funds from 0 on up get 5.30% so long as the account balance stays above than 50k ?

I received a letter from MBNA/BOA yesterday in reference to the integration of the savings accounts. They attached a copy of my original deposit confirmation which listed the rate structure on my account. The letter was vague, or it was written that way so you would read between the lines. It stated that everything would remain the same through 09/21/2006. On 09/22/2006 the accounts would follow BOA policy for which they attached a pamphlet explaining various issues. The letter only mentioned that CD's purchased prior to 09/22/06 would retain their interest rate until they mature. There was no specific mention about the money-market account which is the only account that I have with them. They also diverted your attention by saying that you will be able to view your accounts on-line at that time and utilize the features offered by BOA.

DukeT said:bluechalk said:In case you want to set up ACH to this account before your checks arrive, the Routing number is 031100160.
I opened a new account with NEA-Sponsored MBNA MM over the phone yesterday and was given an account number that begins with letter C. The rest are numbers: C123456789. Today, I scheduled wiring some money to fund the account. The person who will wire the money told me he had never seen a bank account in this format (beginning with a letter). Now I am not sure if the wire would go through. I put the account number as given; that is, C123456789. (All my other bank accounts consist only of strings of numbers.) Do you have any experience with this format? Thanks!
You asked the same question in this thread where it has been answered.

ttocs said:Per MBNA CSR today, as of 9/25/06, all MBNA money market accounts will no longer be linked to MFR (money fund report averages)--they will be lower, except for AAA and NEA.

Did the CSR tell you how long the AAA and NEA accounts will be linked to the MFR? I was told that there was a "longer" contract with the AAA account but could not get an answer as to how long that would last.</blockquote></blockquote>

i am looking to open one of these accounts and called the bank who said i'd have to join (i was thinking of the defender's group) and then have a membership #, so do you think they have started checking?

now i would prefer to open the nea one since i see there is a 60 day 5.51% bonus period but can't join that org. did anyone try it who wasn't a member and get in? thanks.

bluechalk said:I called customer service to switch my account from Motley Fool to AAA. Very easy to do, and they didn't ask for any evidence that I was with AAA.

Good that you made the switch as AAA will continue with their higher rates linked to the MFR after 9/25
but I don't know how long that will last. The CFR doesn't "know" and neither does AAA. Or at least they won't say.