Comments on: Keeping my change with Bank of America http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Poorer Than You » Five Things I’ll Do Once I Get a Jobhttp://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-1790 Poorer Than You » Five Things I’ll Do Once I Get a Job Fri, 16 Mar 2007 06:17:51 +0000 http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-1790 [...] Get a Bank of America Savings Account with Keep The Change. I already have a checking account with them, but their savings accounts require either a fee or a [...] [...] Get a Bank of America Savings Account with Keep The Change. I already have a checking account with them, but their savings accounts require either a fee or a [...]

]]> By: davidhttp://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-922 david Fri, 02 Feb 2007 19:34:58 +0000 http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-922 Thanks for the comment Brendan. However, I disagree with your basic premise of its not saving that much money. Sure, its not like taking a set amount out of your account every week or so and saving it, but its an automatic thing that doesn't hurt you at all. What other bank matches your savings even up to $1? None that I know of. And Keep the Change should be in addition to a regular savings plan that everyone should have. We put away an additional $30-$40 per month using Keep the Change, and we don't even notice that it is gone and we don't count it towards our weekly automatic transfer to a money market account. So in my mind, its pretty cool because I don't notice it is even missing at a dollar or 2 a day, and at the end of the year we have $400 or so saved up "by accident". BofA does pay interest, even if its a little, and we barely keep any money in their savings account, we move it to our ING account. Thanks for the comment Brendan. However, I disagree with your basic premise of its not saving that much money. Sure, its not like taking a set amount out of your account every week or so and saving it, but its an automatic thing that doesn’t hurt you at all. What other bank matches your savings even up to $1? None that I know of. And Keep the Change should be in addition to a regular savings plan that everyone should have. We put away an additional $30-$40 per month using Keep the Change, and we don’t even notice that it is gone and we don’t count it towards our weekly automatic transfer to a money market account. So in my mind, its pretty cool because I don’t notice it is even missing at a dollar or 2 a day, and at the end of the year we have $400 or so saved up “by accident”. BofA does pay interest, even if its a little, and we barely keep any money in their savings account, we move it to our ING account.

]]> By: Brendanhttp://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-921 Brendan Fri, 02 Feb 2007 19:09:25 +0000 http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-921 Keep the Change just isn't that cool. First off, you're not saving that much money. Second, they don't match that much (a $250 annual limit). Third, Bank of America doesn't pay interest even on their savings accounts. If you setup to automatically transfer to a better account it might get you somewhere. <a href="http://www.catchagideon.com/2006/11/29/keep-the-change-isnt-that-cool/" rel="nofollow">See more...</a> Keep the Change just isn’t that cool. First off, you’re not saving that much money. Second, they don’t match that much (a $250 annual limit). Third, Bank of America doesn’t pay interest even on their savings accounts. If you setup to automatically transfer to a better account it might get you somewhere.

See more…

]]> By: So, where do you keep YOUR money? | My Two Dollarshttp://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-503 So, where do you keep YOUR money? | My Two Dollars Wed, 17 Jan 2007 18:58:15 +0000 http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-503 [...] General banking Though a lot of people have a big problem with Bank of America, we have been with them for years and have not (knock on wood) had any issues yet. We have our checking accounts and our measly savings account with them, and we do all of our online banking and bill paying through their site as well. The advantage to being with a big national bank is that there are ATM’s everywhere in this country that we do not have to pay fees to use. The disadvantage is that it is sometimes difficult to get customer service to answer a phone call. I am sure that if we lived in a small town we would use a local bank where they might know our name, but while we are in this giant metropolis we will stay with Bank of America. One thing I do like about them is that I can see all my accounts, from credit cards to frequent flier miles, on their site through the My Accounts tab. Makes keeping track of everything a lot easier. Also, their Keep the Change program has definitely helped us save a few extra bucks. [...] [...] General banking Though a lot of people have a big problem with Bank of America, we have been with them for years and have not (knock on wood) had any issues yet. We have our checking accounts and our measly savings account with them, and we do all of our online banking and bill paying through their site as well. The advantage to being with a big national bank is that there are ATM’s everywhere in this country that we do not have to pay fees to use. The disadvantage is that it is sometimes difficult to get customer service to answer a phone call. I am sure that if we lived in a small town we would use a local bank where they might know our name, but while we are in this giant metropolis we will stay with Bank of America. One thing I do like about them is that I can see all my accounts, from credit cards to frequent flier miles, on their site through the My Accounts tab. Makes keeping track of everything a lot easier. Also, their Keep the Change program has definitely helped us save a few extra bucks. [...]

]]> By: davidhttp://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-7 david Mon, 27 Nov 2006 20:34:33 +0000 http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-7 No, there are no fees on their checking accounts right now, if you sign up on their homepage, they are offering free checking and bill pay at http://www.bankofamerica.com/index.cfm No, there are no fees on their checking accounts right now, if you sign up on their homepage, they are offering free checking and bill pay at http://www.bankofamerica.com/index.cfm

]]> By: jayhttp://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-6 jay Mon, 27 Nov 2006 20:30:38 +0000 http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-6 I was a little confused about where the actual free money was coming from when I saw the commercials, but it's a little more clear now. I've been looking for a reason to switch banks lately anyway. Are there fees on this account? I was a little confused about where the actual free money was coming from when I saw the commercials, but it’s a little more clear now. I’ve been looking for a reason to switch banks lately anyway. Are there fees on this account?

]]> By: 3 Things About Moneyhttp://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-4 3 Things About Money Mon, 27 Nov 2006 11:44:33 +0000 http://www.mytwodollars.com/2006/11/27/keeping-my-change-with-bank-of-america/#comment-4 This post put me into decision mode. I've been thinking about opening a Bank of America account and laying it out like that -- decision! Thanks. This post put me into decision mode. I’ve been thinking about opening a Bank of America account and laying it out like that — decision! Thanks.

]]>