A while back I talked about how my wife and I were looking to close out our account with Bank of America because the rate of interest that we were receiving on our money was not very good, even in today’s market with low rates across the board. Our account had a paltry .50% rate of interest, and I wasn’t expecting them to raise the rates anytime soon. We had a considerable amount of money sitting in the account (our 9 month emergency fund), and we wanted it to be gaining at least a little bit more interest while it sat there.  At the time I wrote about how I had closed the account, and was expecting to receive a cashier’s check in the mail for the balance of our funds in the account.  At least that’s what I was expecting, but unfortunately Bank of America had other ideas.  Read more... (1500 words, 11 images, estimated 6:00 mins reading time)

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