Business News
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 http://www.BankofAmerica.com 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. http://www.bankofamerica.com
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