Is Bank of America one of the best online banks?
This Bank of America review, dives into Bank of America’s checking accounts, savings accounts, money market accounts, cd accounts, and IRAs. If you do not want a lot of details, you can skip to the summary to find out if Bank of America qualifies as one of the best online banks, or if their rates can compete enough to make them a winner in the arena of online banking. History of Bank of America Bank of America came into being with the merger of Nations Bank and BankAmerica Corp in 1998. Since then, they have acquired FleetBoston Financial Corp, MBNA, US Trust, Countrywide Financial and Merrill Lynch. These acquisitions made it possible for Bank of America to branch into new financial areas of services. With MBNA, they became the largest credit card issuer in the country. With FleetBoston Financial Corp, they added scale to private banking and significantly advanced their capabilities to serve ultra high net worth clients. Many people thought the acquisition of failing Countrywide Finan