BOA 2% apr on NEA Money Market Saving till Dec 09 Guaranteed -

Hi,

Time to give back to community.

Right now Bank of America (BOA) has a promotion of 2% APR till DEC 09 guaranteed under NEA affliation money market saving acct. I called 800-205-8647 and mentioned the Priority code : HA02B.

Good luck !!

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Ill keep my money in Alliant at 2% thanks. Its not guaranteed until December but even the thought of dealing with BOA gives me a headache.

I am not sure if it works on current account, I opened new acct.

tripleB said: Ill keep my money in Alliant at 2% thanks. Its not guaranteed until December but even the thought of dealing with BOA gives me a headache.

Do I have yo be an employee at one of those member companies to open an Alliant savings account?

What is so bad about dealing with BOA? I have a student checking account with them for the past five years and have not had a problem. Is there something I am missing?

Just called them.

They can apply it to an existing account but it would only be applied to new funds that were outside BoA.

So, you may want to move money out before calling, having the account re-categorized, and then moving the money back in.

Moosy said: Just called them.

They can apply it to an existing account but it would only be applied to new funds that were outside BoA.

So, you may want to move money out before calling, having the account re-categorized, and then moving the money back in.

I have the NEA account, but i think i'd be afraid to call and have them re-catagorize..they might mess it up altogether (lol) and you might wind up with a low interest Money Market account

geo123 said: tripleB said: Ill keep my money in Alliant at 2% thanks. Its not guaranteed until December but even the thought of dealing with BOA gives me a headache.From what I hear, when it comes to small account holders, BOA can be a royal pain. I am certainly not a whale but can tell you that I've been their Advantage and now Premier customer for quite a few years now and can attest to the service being absolutely superb.

Everyone, from the separate customer service reps that handle the lowly Advantage customers to the separate customer service reps that handle Premier customers and Accolades cardholders have been absolutely top notch. There are never any holds, people are extremely competent, always waive all fees and respond to all issues very quickly and professionally. Just like with any bank, there are certain things that frustrate me, but the overall experience that I've had with BOA over quite a few years has been excellent.
I agree that being a Premier customer was nice, and the customer service was excellent, but the recent increase from $100K to $250K in minimum deposits with BoA in order to qualify for a Premier relationship with BoA just isn't worth it -- for me. And customer service, at least in terms of response time when calling the Premier Banking number displayed on online banking, had degraded as of a few months ago. Calls were more often put on hold with longer hold times. I'm sure some of this had to with the reported layoff of many Premier Banking Client Managers and the shifting of Premier Banking to the investments group, whose reorganization resulted from the bank's Merrill Lynch acquisition.

AFAIK, we Prima checking account owners (Prima is like Advantage, but applies to CA and possibly some other states) don't have special CSRs. Nonetheless I plan to continue my Prima checking account (and its required $10K total in deposit accounts, including the Prima account), because it offers some perks, such as avoiding some fees if one has a $10K balance or more, across various BoA deposit accounts, a small safe-deposit box, and free checks, IIRC.

ETA: If you've a local BoA branch, it might be worthwhile to become a regular (and recognized) customer. At my closest branch, I'll come in occasionally on a Saturday, avoid the ATM, and make an in-person deposit. I did business (signing HELOC papers, getting Medallion signatures, etc) with the prior branch manager, and introduced myself to the current branch manager.

A combination of factors have probably made this kind of relationship easier, such as a neighborhood branch that isn't constantly busy, and perhaps more self-confidence from having been a Premier Banking client, but I've found in this case, as with many local businesses, simply frequenting those businesses generally results in familiarity, and sometimes better customer service.

Looks like I found a way to keep my Accolades card for free, I need to have $100k there at it's renewal date in Dec. Already have over $30k in IRA CD's, So figure putting $70k in at 2% to save the $300 card fee will be a good deal

Great post, glxpass. Agree 100%. The thing that really annoyed me about the switch from $100k to $250k for premier was that they didn't tell you that they were throwing you out of premier for being a pauper. Instead, they sent you a letter telling you that you should call a different phone number. When I called and asked what was going on, they told me that I was "reengineered"! They could have at least been up front. But I guess that is my taxpayer dollars at work.

In any event, wanted to share my experience with this promotion. When I called the NEA number I was told that I needed to open a new account. I was then transferred to someone local who looked up my info and told me that I was already on the 2% promo. I am an existing customer. Now, I am skeptical that this is true, but if so it is a lot easier than opening a new account, or transferring money out and then back in.

from the nea website, it sounds like it would have to be new money coming in, with a minimum of at least $5000 for the initial deposit....at least that is what it says over there...

RS4Rings said: craig10x said: from the nea website, it sounds like it would have to be new money coming in, with a minimum of at least $5000 for the initial deposit....at least that is what it says over there...
Unless you are willing to fund from a card and get hit with fees it's tough to open. I opened this morning and no way to pull from an outside account and I don't have $5k liquid at BoA. CSR is opening by transferring $25 from my checking, Was told account will be open in two day and I will go to branch and deposit $5k

I opened this afternoon, was able to fund $5000 using a debit card from Citibank.