Bank of America Promotional Money Market Savings Account

Bank of America is offering a special limited time promotional money market savings account with an annual percentage yield (APY) 2.50% for balances between $10,000 and $500,000.

Balances over $500,000 earn a 1.50% APY. Money market savings interest rates for both balances tiered are accurate as of April 1st, 2009.

The 2.50% yield is not the only good part  about this promotion, the 2.50% rate is also guaranteed until June 30th,2009. The bad part of this promo savings account is it’s not available in the entire United States, the offer is only available in the Northeast in the following states: NY, TX, DE, IL, ME, MA, NH, NJ, PA and RI.

After June 30th, 2009 the promo money market savings account converts to B 0f A’s “Growth Money Market Savings” account.

If you’re interested in this promotional deal you might want to act fast, not only because you have a limited amount of time to earn a 2.50% yield but B of A is also reserving the rate to stop opening new “Money Market Savings Accounts” at anytime.