Bank of America Corp (BAC): I have BAC on a DRIP, so when they came...

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Re: Democritus_of_Abdera post# 13

Sunday, 12/17/2006 9:46:48 PM

Sunday, December 17, 2006 9:46:48 PM

I have BAC on a DRIP, so when they came with this $0 trades I called. You have to have like 10 million dollars sitting getting .05% interest to get the free trades...lol Really it is like $25 grand or something and mortgages don't count. The interest rate is next to zero on this money. I think the idea may tighten customer relation to the bank and allow more cross selling of product. If they can do that then I feel they can make money off it. E-trade the other day said they have no plans to match.
Best of luck longs

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