I know this is a YMMV deal. I got a call from my banker at BOA telling me BOA is running a promo right now on there "Liquid 11 Month CD" 5.9% He said it being offered to all Premire and Private banking clients via there assigned bankers. This offer is not avalible in the branch at all.

If you look under benfits for Premire Banking or Private Banking at BOA one of the benfits is a "Higher Rate on CD".

I verified this offer is valid for all Premire and Private banking customers as I told my mortgage broker about the offer and he called his Premire banker got offered the same promo.

Just want to add 1 more thing. The reason it is called a "Liquid CD" is because you can make unlimited withdrawls from the CD as long as you maintain a balance above $5K. So for example you deposit $100K today then you can withdraw $95K tommorow without any penility at all. So baically it just a 5.9% savings account with a min balance of $5K required.

This is a super hot rate from BOA. Even if it a 1 time promo only.

Btw I am CA so not sure if this is a national offer or CA only offer.

GiftCards26 said:What does it take to have a private or premier account?

Primere $100K
Private $2 Million

Thanks for the tip Dolmar. I just filled out the request on BoA site to have a client rep call me about premiere banking. I also did this awhile ago but no one ever contacted me.

Once you qualify for premier, must you keep 100K as a minimum balance? I have 100K in AOR money, and it would nice to get this rate, though that high of a balance will not last very long.

three people in SF have said they dont know anything about this rate , the rest are out to lunch

SUCKISSTAPLES said:

http://bankofamerica.via.infonow.net/locator/premier/NewSearch.do

just called daly city premier, said their 11 month risk free CD is 4.31
I asked at my local branch a couple of months ago about premier banking and was given the name of who handles it in my area, Can't find the paper but he is at a branch only one City away. Just called and left him a message, Will see what he says when he calls back. Would be nice to find a home for the $100k from World that I will have tomorrow morning. Otherwise I will open a Countrywide 5.40% savings link, Don't really care anymore that they will do a hard pull as it will be from Equifax, And they have all magically disappeared

He told me I could open the CD with any amount over $50K.

This offer is not avalible at the branch. On BOA CA web site same CD shows a rate of 4.5%.

Just for giggles. I went to BOA web page then click on Premire Link I entered my Zipcode and called the first person ono the list.

First person did not know about the promo so I said thank you good bye. I called 2nd person on the list he was aware of the promo except he told me 5.8% not 5.9% I was offered. Called the 3 and 4 person on list and was told he had no idea about the promo but the 5th person on the list in my area was well aware of the promo and quoted me 5.9% for balances of $100K+ and 5.8% for balances under $100K and above $25K. BTW person 1&2 were in the same office and 3,4&5 were also. So not sure why some people know about the promo and other do not.

So if you already got a premire banker ask them if they can get you this promo. If you dont have a premire account then just call around till you find one who is aware of this promo dont know what else to tell you.

charliek said:dolmar said:GiftCards26 said:What does it take to have a private or premier account?

Primere $100K
Private $2 Million

Not sure if that $100k minimum for Premier status really jives (in my case at least).

I've never had balances over $60k at BofA (my average balance is usually only about $2k-$4k to cover my monthly cash expenses), yet I am a "Premier Banking Customer". I've been with BofA for over 22 years, so I thought that had something to do with it.

I recently chatted with a CSR online when opening a new MyAccess Checking acct and asked about the "Premier" status, and he didn't really have a straight answer for why I had it. I asked him if I closed my standard checking account and used solely the new MyAccess checking account would I lose that status, and he replied "yes". So although he didn't specifically state it, he made it seem like account/customer age had something to do with it (although again he stated he didn't know why I had it, just how I could lose it). Also, had a follow-up call from my father's Premier Banker to confirm identification and purpose for the new account. That was kinda weird.

Still stumped over it really, but I figure if its a mistake, I'd rather not bring any attention to it... especially since I think this is how I get the funds available within 2 days for my ATM BT check deposits (>$20k)!

Anyone else have a clue about this?

Not sure if this applies at all to your situation, but when I had just a small amount of money, I got the Advantage account (10k+) because they linked it with my parents' account. Even though we could never see each others balances, etc., it still contributed to a higher total account value for both of us.

dolmar said:Just for giggles. I went to BOA web page then click on Premire Link I entered my Zipcode and called the first person ono the list.

First person did not know about the promo so I said thank you good bye. I called 2nd person on the list he was aware of the promo except he told me 5.8% not 5.9% I was offered. Called the 3 and 4 person on list and was told he had no idea about the promo but the 5th person on the list in my area was well aware of the promo and quoted me 5.9% for balances of $100K+ and 5.8% for balances under $100K and above $25K..hey Dolmar I called a dozen people from the webpage and NOT 1 Knew about this in the Bay Area. I searched from zip 94111 and couldnt fint a competent person.

Could you please put me in touch with one of the reps who knows about it in SoCal? Maybe they can call an associate in SF and clue them in....heck might want to ask them if its OK to post their contact info, they may get lots of new money that way!