Sticking with a Bank of America savings account could quietly cost you nearly $5,000 over the next decade. Here's why it pays ...

Bank of America is set to close accounts deemed 'abandoned' starting April, impacting millions. Accounts inactive for three years face closure, aligning with state escheatment laws.

Keeping your money in a Bank of America savings account could be costing you hundreds of dollars a year. Here's what to do ...

And those millions of customers are getting a terrible return on their savings. Bank of America's standard savings account offers a shockingly low annual percentage yield (APY) of just 0.01%.

Bank of America customers risk losing access to their funds as account closures expand under state laws, but there are ways to avoid it.

“There has been no announcement, no warning, no changes at Bank of America. Every bank is required to follow state laws on what to do with abandoned accounts,” the spokesperson stated.