Bank of America

Ticker BAC. Bank and card issuer.

6 items in 4 issues, Oct 24, 2026 to Nov 9, 2026, newest first. Each item links to the issue it ran in, where its sources are listed.

November 2026

Mon, Nov 9 · Banks & charters
Rate watch. Rate watch tracks what savers earn and how much money sits in each bucket, the other side of the card rates above.Savings and other liquid deposits: Balances were $10.44 trillion in September, down from $10.87 trillion a year earlier. The FDIC's national average savings rate was 0.38% in October, down from 0.40% a year earlier. Online banks pay far more. EverBank pays 4.20% APY on new Performance Savings accounts, and Openbank, Santander's digital bank, pays 4.00% (4.35% for new customers' first six months), both as posted Nov. 9. SoFi pays 3.30% with direct deposit (as of Oct. 20), and Ally pays 3.20% (as of Nov. 5).CDs (small time deposits): Balances were $1.51 trillion in September, down from $1.52 trillion a year earlier. The national average 12-month CD rate was 1.76% in October, up from 1.68% a year earlier; Ally's High Yield CD pays 2.90% APY (as of Nov. 5).Money market funds: Assets were $8.02 trillion in the week ended Nov. 4, up from $7.53 trillion a year earlier, including $3.12 trillion in retail funds. These uninsured funds pay more than most bank savings accounts. The Crane 100 index of the largest funds had a seven-day yield of 3.75% as of Nov. 8, compared with 3.58% at the end of 2025.Biggest low-rate deposit bases: JPMorgan Chase's consumer bank held $1.10 trillion of average deposits in the third quarter, up 4% from a year earlier, and earned a 2.78% margin on them. JPMorgan does not disclose a consumer rate paid. Bank of America's Consumer Banking unit held $948.6 billion of average deposits, little changed from $947.4 billion a year earlier. It paid an average rate of 0.51% on them, compared with 1.49% across all of BofA's deposits.The shift: Over the past year, savings and other liquid deposits fell about $422 billion while money market fund assets grew about $481 billion. Deposit balances fell about $822 billion in November and December 2025 alone and have since recovered about $338 billion.Deposit balances are Federal Reserve H.6 data, seasonally adjusted; rates are each bank's posted rate or FDIC monthly averages.
Read in the issue →
Mon, Nov 9 · Worth a read
Agents at the door. Banking Dive's Caitlin Mullen talks with Socure CEO Johnny Ayers about why JPMorgan Chase, Bank of America and Citi have blocked AI agents from customer accounts. Socure says it works with 19 of the top 20 U.S. banks. The piece lays out the liability questions in plain terms, and Ayers expects lenders to set clear protocols in about six months.
Read in the issue →
Sat, Nov 7 · Opening balance
Carried over. Sen. Elizabeth Warren had asked the Justice Department to open a criminal probe of Bank of America over its $1.21 billion anti-money laundering penalty, with a reply requested by Nov. 12. The Fed could seek a rehearing within 45 days after the Eighth Circuit vacated its 21-cent debit interchange cap on Oct. 26, and the FTC and eight states had sued Toast over hidden fees.
Read in the issue →
Sat, Nov 7 · Closing balance
In Washington. Warren wants the Justice Department's reply on Bank of America by Nov. 12, and CFPB nominee Brian Johnson still needs a Senate floor vote before Congress adjourns. Wells Fargo's Fernando Rivas expects a dealmaking rush through 2027 as companies try to use what they see as a regulatory window.
Read in the issue →
Mon, Nov 2 · Policy & enforcement
BofA AML. Sen. Warren asked Attorney General Blanche last Thursday to open a criminal probe of Bank of America and its executives, calling the $1.21B FinCEN, OCC and OFAC penalty "a slap on the wrist." The bank admitted willfully failing to report over $5B in suspicious activity from 2019 to 2023; she wants an answer by Nov 12.
Read in the issue →

October 2026

Sat, Oct 24 · BNPL & lending
Bank installments. Four of the five largest U.S. banks now offer card installment plans, after BofA added a fixed-fee 3-18 month plan in June 2026, putting banks in direct competition with BNPL lenders at checkout.
Read in the issue →