Bank of America money market account (MMA) or money market deposit account (MMDA) is a non-financial account that pays interest based on current interest rates in the money markets.

Bank of America Money Market (MM) Savings account is insured by the Federal Deposit Insurance Corporation (FDIC) and is backed by
the U.S. government. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. Refer to FDIC.gov/edie for more information.

Bank of America Money Market (MM) Savings key policies and fees,



Bank short profile :

Type Public
Traded as NYSE: BAC
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 111 years ago (as Bank of Italy)
February 1930; 86 years ago (as Bank of America)
1998; 18 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, United States
Area served Worldwide
Key people Brian T. Moynihan
Chairman & CEO
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,