It seems that the original information was from an article from the Wall Street Journal. "The Daily Ticker reached out to Bank of America for a comment in response to The Wall Street Journal article Thursday morning. After 3pm ..." [a statement was received from B of A]... see article for more:
http://finance.yahoo.com/blogs/daily-ticker/bank-america-proposes-b...
**My note** Last year, a major bank in this area, told me that the reason their CDs paid the customer such a low rate, compared to Credit Unions for example, was that "we don't need your money." - MB
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