Bank offers strong options for students looking to make one singular bank their financial home base. It stacks up better in terms of types of bank accounts, at least for its attentiveness to certain demographics. Bank of America offers every retail bank product you can imagine-mortgage loans, student debt payments, credit and debit cards, financial advising-at higher qualities than most of its competitors. Bank, cannot offer this precision to the same extent. In essence, opening an account with Bank of America ensures that your account needs will most likely be met in a more specific and focused way. But if your primary objective is accumulating an impressive lump of savings, your best bet is to keep looking. The value of having this many different types of accounts is far-reaching regardless of whether you’re an avid spender or a frugal saver, Bank of America most likely offers a full-fledged account to suit your needs. Bank, Bank of America does offer a wide range of unique banking products to customers, including two different kinds of savings accounts and nearly a dozen certificates of deposit (CDs). Bank comes in fifth place, holding approximately $582 billion in total assets.) But for a bank of its size and recognition, BoA offers surprisingly low interest rates on your money. If you’re not particularly worried about capitalizing on your current savings, BoA could serve as a beneficial addition to your primary banking account. Indeed, Bank of America is the second-largest bank in the country, managing more than $2.4 trillion in assets. What to Know about Bank of Americaīank of America is one of the “Big Four” American bank chains, alongside JPMorgan Chase, Wells Fargo and Citigroup. Essentially, if you’re looking for a wealth of viable options, U.S. Bank staggers its checking accounts in terms of benefits. Bank’s primary selling point might be its inclusiveness: if you’d most prefer to keep all your finances contained to one bank, U.S. Bank might not outweigh the bank’s main downside: its near-unavoidable monthly account fees. However, for the rest of the general public, the ease and accessibility of an account with U.S. Bank ranks very highly on the national scale when it comes to its specialty options for students. Customers can manage their money via a large network of ATMs or accessing their accounts online using personal computers or mobile devices. It offers five types of savings accounts and five types of checking accounts. It has a strong brick-and-mortar presence with more than 2,000 branches in 26 states. It is headquartered in Minneapolis, Minn., and stresses accessibility. Bank, which can trace its origins to 1863 as First National Bank of Cincinnati.
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