Bank of America, National Association


Bank of America, National Association ACH Number: 026009593

Bank of America, National Association is an FDIC insured institution headquartered at 100 N Tryon St, Charlotte, NC 28202.
It was founded in 1904 and has approximately $2,147 billion in assets. Customers can open an account at one of its 5138 branches.

Deposit Rates - January 27, 2023

SAVINGS RATES APY MIN
CD RATES APY MIN
6 Mo CD
0.03% $10,000 Compare
6 Mo CD
0.03% $100,000 Compare
FIXED IRA RATES APY MIN
Fixed IRA
0.05% $1
Special: 12 Mo FIRA
0.07% $2,000
Special: 13 Mo FIRA
0.10% $1,000,000
Special: 25 Mo FIRA
0.10% $1,000,000
Special: 37 Mo FIRA
0.10% $10,000
VARIABLE IRA RATES APY MIN
Var IRA
0.02% $1
INT CHECKING RATES APY MIN
Int Ckg
0.01% $1
Int Ckg
0.01% $2,500

Loan Rates - January 27, 2023

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Conforming
5.61% $1,419.47
5 Year Adjustable Jumbo
5.65% $1,419.47
15 Year Fixed Jumbo
5.84% $2,042.71
15 Year Fixed Conforming
6.04% $2,059.33
30 Year Fixed Conforming
6.67% $1,559.67
30 Year Fixed Jumbo
6.71% $1,559.67
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
5.51% $1,419.47
5 Year Adjustable Conforming
5.58% $1,439.14
15 Year Fixed Jumbo
5.86% $2,059.33
15 Year Fixed Conforming
5.86% $2,059.33
30 Year Fixed Jumbo
6.56% $1,559.67
30 Year Fixed Conforming
6.81% $1,600.78

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3510
Date Established 1904
Assets $ 2,147.48 billion
Loans $ 1,014.19 billion
Deposits $ 2,075.36 billion
Capital $ 230.92 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 173.97 billion
Interest-bearing balances $ 150.18 billion
Total securities $ 894.33 billion
Federal funds sold and reverse repurchase $ 28.73 billion
Net loans and leases $ 1,014.19 billion
Loan loss allowance $ 11.94 billion
Trading account assets $ 146.37 billion
Bank premises and fixed assets N.A.
Other real estate owned $ 313.00 million
Goodwill and other intangibles $ 58.67 billion
All other assets $ 104.30 billion
     Total Assets $ 2,147.48 billion

LIABILITIES
Total deposits $ 2,075.36 billion
      Interest-bearing deposits $ 1,241.05 billion
      Deposits held in domestic offices $ 1,964.04 billion
      % insured (estimated) 35.89%
Federal funds purchased and repurchase agreements $ 43.78 billion
Trading liabilities $ 27.72 billion
Other borrowed funds $ 18.69 billion
Subordinated debt $ 1,567.00 million
All other liabilities $ 41.98 billionn
      Total Liabilities $ 2,147.48 billion
      Shareholders’ Equity N.A.

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 24.92 billion
Total Interest Expense $ 732.00 million
Net interest income $ 24.19 billion
Provision for loan and lease losses $ 531.00 million
Total non interest income $ 10.99 billion
Total non interest expense $ 21.73 billion
Pre-tax Net Operating Income $ 12.92 billion

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Branches

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Bank of America, National Association Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    VIRGINIA
    $50,000
    6 Month
    0.03%
    0.11x (National Avg. - 0.28%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.03%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 15 11
    2 50,015 15 11
    3 50,030 15 11
    4 50,045 15 11
    5 50,060 15 11
    6 50,075 15 11
    7 50,090 15 11
    8 50,105 15 11
    9 50,120 15 11
    10 50,135 15 11
    11 50,150 15 11
    12 50,165 15 11
    13 50,180 15 11
    14 50,195 15 11
    15 50,210 15 11
    16 50,225 15 11
    17 50,241 15 11
    18 50,256 15 11
    19 50,271 15 11
    20 50,286 15 11
    TOTAL $301 $211
  • 2
    LOCAL CD
    Online Bank
    -
    $50,000
    12 Month
    4.15%
    9.63x (National Avg. - 0.43%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,075 1,453
    2 52,075 2,161 1,513
    3 54,236 2,251 1,576
    4 56,487 2,344 1,641
    5 58,831 2,441 1,709
    6 61,273 2,543 1,780
    7 63,815 2,648 1,854
    8 66,464 2,758 1,931
    9 69,222 2,873 2,011
    10 72,095 2,992 2,094
    11 75,087 3,116 2,181
    12 78,203 3,245 2,272
    13 81,448 3,380 2,366
    14 84,828 3,520 2,464
    15 88,349 3,666 2,567
    16 92,015 3,819 2,673
    17 95,834 3,977 2,784
    18 99,811 4,142 2,900
    19 103,953 4,314 3,020
    20 108,267 4,493 3,145
    TOTAL $62,760 $43,932
  • 3
    LOCAL CD
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.80x (National Avg. - 0.55%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,150 1,505
    2 52,150 2,242 1,570
    3 54,392 2,339 1,637
    4 56,731 2,439 1,708
    5 59,171 2,544 1,781
    6 61,715 2,654 1,858
    7 64,369 2,768 1,938
    8 67,137 2,887 2,021
    9 70,024 3,011 2,108
    10 73,035 3,140 2,198
    11 76,175 3,276 2,293
    12 79,451 3,416 2,391
    13 82,867 3,563 2,494
    14 86,430 3,717 2,602
    15 90,147 3,876 2,713
    16 94,023 4,043 2,830
    17 98,066 4,217 2,952
    18 102,283 4,398 3,079
    19 106,681 4,587 3,211
    20 111,268 4,785 3,349
    TOTAL $66,053 $46,237
  • 4
    LOCAL CD
    Online Bank
    -
    $50,000
    60 Month
    4.40%
    5.45x (National Avg. - 0.81%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.40%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,200 1,540
    2 52,200 2,297 1,608
    3 54,497 2,398 1,679
    4 56,895 2,503 1,752
    5 59,398 2,614 1,829
    6 62,012 2,729 1,910
    7 64,740 2,849 1,994
    8 67,589 2,974 2,082
    9 70,563 3,105 2,173
    10 73,667 3,241 2,269
    11 76,909 3,384 2,369
    12 80,293 3,533 2,473
    13 83,825 3,688 2,582
    14 87,514 3,851 2,695
    15 91,364 4,020 2,814
    16 95,384 4,197 2,938
    17 99,581 4,382 3,067
    18 103,963 4,574 3,202
    19 108,537 4,776 3,343
    20 113,313 4,986 3,490
    TOTAL $68,299 $47,809