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Bank of America Announces Extended Hours at Retail Banking Centers This Weekend to Meet Increase in Savings Deposits

2008-07-25 13:44:00

Bank of America Announces Extended Hours at Retail Banking Centers This Weekend to Meet Increase in Savings Deposits

    LOS ANGELES, July 25 /EMWNews/ -- Bank of America today announced

that, because of strong customer demand for Certificates of Deposit

savings, it will extend its hours of operation this weekend in select

markets. Select banking centers may be open until 5:00 p.m. this Saturday

to provide additional time for customers to take advantage of the bank's

new seven-month, 4.00% APY Certificate of Deposit (CD) special announced

last week.


    "We have seen record levels of deposits in July generated by our high

yield CD special," said Brad Dinsmore, West Division Executive for consumer

banking at Bank of America. "The value of trust has never been higher than

it is today. Consumers are looking to Bank of America for innovative

deposit and savings products and trusted advice to help them better manage

their finances."

    Customer demand for bank CD and savings products continues to grow. For

example, in the first two weeks of July, Bank of America nearly doubled its

expectations for deposit growth in Los Angeles. Nearly three out of four

dollars in new deposits in the company's largest markets were deposited in

Los Angeles and San Francisco this month.

    The Bank of America special limited time offer CD can be opened with as

little as $5,000 - $10,000 of money not currently deposited with Bank of

America (minimum varies by location) at more than 6,100 banking centers

nationwide. Customers can receive 4.00% APY opening the CD in-store, and

4.11% by opening it online. Go to to learn more.

    The weekend extended hours will be at banking centers in select

markets, including: the greater Los Angeles area, San Diego, San Francisco,

Phoenix, Las Vegas, Portland, Seattle, Chicago, Detroit, New York City and

Westchester, Northern New Jersey, Miami, and Palm Beach. Check local

banking centers for additional information.

    Bank of America

    Bank of America is one of the world's largest financial institutions,

serving individual consumers, small and middle market businesses and large

corporations with a full range of banking, investing, asset management and

other financial and risk-management products and services. The company

provides unmatched convenience in the United States, serving more than 59

million consumer and small business relationships with more than 6,100

retail banking offices, more than 18,500 ATMs and award-winning online

banking with more than 25 million active users. Bank of America offers

industry leading support to more than 4 million small business owners

through a suite of innovative, easy-to-use online products and services.

The company serves clients in more than 150 countries and has relationships

with 99 percent of the U.S. Fortune 500 companies and 83 percent of the

Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a

component of the Dow Jones Industrial Average and is listed on the New York

Stock Exchange.

    A penalty may apply for early withdrawals. Member FDIC.

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