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One of the most painful reminders of the financial crisis are the interest rates that banks pay on deposits. Bank of America (NYSE: BAC ) , which serves as a typical example, pays less than two-tenths of a percent on most of its customers' accounts. With inflation at around 2%, that means investors are actually losing money in real terms by socking it away at the bank. In the video below, Motley Fool contributor John Maxfield discusses one way to reduce the pain from this trend.
Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.