Small Business Savings Account Promotion 2.00% APY

Bank of America is offering a promotion savings account rate for small businesses that currently has a 2.00% annual percentage yield. The promotional account is their “Promotional Business Interest Maximizer”.

The 2.00% annual percentage yield is good on deposits until October 31, 2009. The savings account rate is one of the best business savings account rate available these days.

To qualify for this promo savings account offer a promotional business interest maximizer account must include at least $10,000 of new money, money not currently deposited with Bank of America. You also must have a Bank of America small business checking account to qualify for the 2.00% savings account rate.

The promotional savings account rate of 2.00% is as of June 8, 2009 and applies to balances between $10,000 and $499,999, one of the highest savings account rate available today. If the average daily balance falls below $10,000 on the savings account the annual percentage yield is only 0.10% as of June 8, 2009. The APY for balances between $500,000 and $2,499,999 is 1.55% as of June 8, 2009. For balances of $2,500,000 and greater the APY is 0.50% as of June 8, 2009.