* Other fees may apply. Sell trades are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill Edge pricing, visit merrilledge.com/pricing.
You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America personal checking account and maintain a three month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill Edge and Merrill Lynch investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. SafeBalance Banking accounts do not count towards the account or balance requirements, and do not receive the fee waivers and other benefits of the program. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. The Preferred Rewards Gold tier does not include the $0 online equity and ETF trades via Merrill Edge®
, a benefit that is currently available at the Platinum and Platinum Honors tiers of Preferred Rewards. Merrill Lynch Wealth Management clients with greater than $250,000 in assets with Bank of America and Merrill Lynch are eligible for additional banking benefits. Please speak with your Merrill Lynch financial advisor for details. 1Eligibility:
Commissions are only waived for online equity and ETF trades and conducted via an individual or jointly owned self-directed personal CMA®
or IRA account. MLPF&S waives its commission fee for:
- 30 monthly online & ETF equity trades for Platinum tier clients
- 100 monthly online & ETF equity trades for Platinum Honors tier clients
For details about commissions, transaction fees and any other fees that may apply, visit merrilledge.com/pricing
Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. For full details about ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343)
or visit merrilledge.com/$0detail
Merrill Edge MarketPro®
is available to clients who maintain a Merrill Edge self-directed relationship. To qualify, you must maintain total combined balances of $50,000 or more in your Merrill Edge and Merrill Lynch investment accounts and Bank of America, N.A. deposit accounts, or make at least 15 self-directed trades per quarter. Preferred Rewards Platinum or Preferred Rewards Platinum Honors also qualify. Not available to investment professionals or for trust accounts and business accounts. Relationship requirements and pricing are subject to change. 3
The Rewards Money Market Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing money market savings account to a Rewards Money Market Savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. The interest rate in the interest rate booster example is for illustrative purposes only. For current interest rate information, view our Rewards Money Market Savings rates
Bonus will vary based on your type of rewards program. BankAmericard Cash Rewards™ and BankAmericard Privileges®
with Cash Rewards bonuses apply to rewards redeemed into a Bank of America®
checking or savings account or a Merrill Lynch Cash Management Account®
. BankAmericard Travel Rewards®
bonus applies to customers with a qualifying account. For these cards, if enrolled in Preferred Rewards, your base reward earnings will increase by 25%, 50% or 75%, depending on eligible tier. For example, if you redeem $100 in base rewards, your Preferred Rewards bonus will add $25, $50 or $75 to your reward earnings, totaling $125, $150, or $175, depending on your tier. The bonus will replace the customer bonus you may already receive with the card. For all other eligible points and cash rewards cards, the Preferred Rewards bonus is applied to the monthly base rewards depending on eligible tier. Please click here
for a complete list of ineligible cards and additional program details. Deposit Account Information.
Minimum opening deposit requirements vary by account. Regular Savings account requires a minimum opening deposit of $25, and Bank of America Interest Checking account requires a minimum opening deposit of $100. Annual Percentage Yields (APYs) for these and other deposit accounts, accurate as of today's date, can be found by selecting the account on bankofamerica.com
. Rates may change after the account is opened and may vary by state. Fees could reduce earnings. Review the Personal Schedule of Fees
for your state, also available at financial centers. 5
(ATM) Preferred Rewards Platinum and Platinum Honors tier clients using a Bank of America debit or ATM card will not be charged the non-Bank of America ATM fee and will receive a refund of the ATM operator or network fee for withdrawals, balance inquiries and balance transfers (1 each per statement cycle for Platinum tier clients, unlimited for Platinum Honors tier clients) from non-Bank of America ATMs in the U.S. and U.S. territories. 6No fee services:
for a list of no-fee banking services. 7
Auto loan interest rate reduction of 0.25% to 0.50% is valid only for customers who are enrolled in Preferred Rewards at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum interest rate discount on a Bank of America auto loan is 0.50%. This discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on new auto loans through a financial center, contact center, or online and are not available on dealer financing. Benefit is nontransferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.
Some Merrill Edge benefits may be available to customers with less than $20,000 in investable assets. Please speak with a Financial Solutions Advisor for more information about Merrill Edge. Merrill Lynch clients with an active Bank of America personal checking account and a 3-month average combined balance of at least $20,000 can enroll in Preferred Rewards. Merrill Lynch clients with a 3-month average combined balance of at least $250,000 and an active Bank of America personal checking account or eligible Merrill Lynch account and all U.S. Trust®
clients are eligible for the Banking Rewards for Wealth Management program. Please speak with your Merrill Lynch financial advisor or U.S. Trust®
advisor for more information.