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Monday, May 23, 2011 - 7:37 PM
(3 stars)
Not For A Lay Man Bank
Bank of America
(3 stars)Bank of America is huge, huge banking institute that, as expected, does not care much for the masses. Although, it is evident, that they do care about extracting your last single penny out of you in order to run! Students, people with average to low income, please refrain from opening an account here. My review is not about any particular type of account or any branch. It is in general pertaining to BOA and its policies that are adopted all over the country. The interest rates for deposits, savings accounts and similar are low, even lower for smaller deposits or terms and the loan interest rates are high. Credit card rates are super high, the limits pretty low and the charges stupendous. All in all I will ask every "lay-man" to go to a smaller local bank or even a credit union that will actually care for you.
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