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When you move to a higher tier, you can earn more, save more and get more back — including extra interest on a Bank of America Advantage Savings account and a bigger rewards bonus on eligible Bank of America® credit cards.
Your Preferred Rewards tier is based on your three-month combined average daily balance in your eligible Bank of America deposit and/or Merrill® investment accounts. Here’s the minimum balance requirement for each tier:
Understand your choices when it comes to your old 401(k). Merrill can help you find what may best fit your needs: rolling it over to an IRA, maintaining it in a 401(k) with a new or former employer or cashing out.
You have choices for what to do with your employer sponsored retirement plan. You may be able to roll over to a Traditional or Roth IRA, roll over to a 401(k) at a new employer, take a distribution or leave the account where it is, depending on your unique financial needs and retirement goals. Each option presents different benefits and limitations with regard to available investment choices and services, fees and expenses, withdrawal rules, required minimum distributions, tax treatment, and protection from creditors and legal judgments. Additionally, there are limits to how often and when you can roll over your account. Be sure to review your Rollover IRA choices at merrilledge.com/retirement/rollover-ira or call a Merrill Edge specialist at 888.637.3343 for additional information about your choices.
Did you know that there are 2 ways to move assets from one IRA to another? The most common is a transfer. This is when you transfer assets from an IRA held at one financial institution to an IRA at another. You may directly transfer assets between investment firms as frequently as you wish. The second, less common approach is called a rollover. Rollovers occur when you withdraw assets from an IRA and then roll those assets back into the same IRA or into another one within 60 days. IRS rules limit you to 1 rollover per client per 12-month period. If you have questions or want to learn more call 888.637.3343 or consult a tax advisor.
We’re here to help. Call us at 888.888.7937 today. If you prefer, schedule an appointment online.
♦ Other fees may apply. Sales of ETFs 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 and mutual funds. To learn more about Merrill pricing, visit merrilledge.com/pricing
Most Bank of America® branded consumer credit cards (such as the Cash Rewards, Travel Rewards and Premium Rewards® credit cards) are eligible to receive the Preferred Rewards bonus, as long as the card account is open with active charging privileges. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus.
Cards not eligible for the rewards bonus:
This list is subject to change without prior notice.
If the interest rate on a Bank of America Advantage Savings account is 1.00%, a 5% rate booster would increase the interest rate to 1.05%
Rates shown are for illustration only. View current products and rates.
If the interest rate on a Bank of America Advantage Savings account is 1.00%, a 10% rate booster would increase the interest rate to 1.10%
Rates shown are for illustration only. View current products and rates.
If the interest rate on a Bank of America Advantage Savings account is 1.00%, a 20% rate booster would increase the interest rate to 1.20%
Rates shown are for illustration only. View current products and rates.
For example, your annual program fee for your Merrill Guided Investing™ account could go from 0.45% to 0.40%.
For example, your annual program fee for your Merrill Guided Investing™ account could go from 0.45% to 0.35%.
For example, your annual program fee for your Merrill Guided Investing™ account could go from 0.45% to 0.30%.
Preferred Rewards Gold tier members enjoy:
- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies and incoming domestic wire transfers
- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit
- See the Personal Schedule of Fees for more information.
Preferred Rewards Platinum tier members enjoy:
- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, incoming domestic and international wire transfers, and a small safe deposit box
- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit
- See the Personal Schedule of Fees for more information.
Preferred Rewards Platinum Honors tier members enjoy:
- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, incoming domestic and international wire transfers, and a small safe deposit box
- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit
- See the Personal Schedule of Fees for more information.
Most Bank of America® branded consumer credit cards (such as the Cash Rewards, Travel Rewards and Premium Rewards® credit cards) are eligible to receive the Preferred Rewards bonus, as long as the card account is open with active charging privileges. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus.
Cards not eligible for the rewards bonus:This list is subject to change without prior notice.