Susan Ward. Updated June 25, 2020. A balance sheet is a statement of the financial position of a business that lists the assets, liabilities, and owners’ equity at a particular point in time. In other words, the balance sheet illustrates a business’s net worth.
What are Bank of America’s current assets?
Total current assets can be defined as the sum of all assets that are classified as current because they will provide a benefit within one year….Compare BAC With Other Stocks.
| Bank Of America Quarterly Total Current Assets (Millions of US $) | |
|---|---|
| 2020-03-31 | $1,870,084 |
| 2019-12-31 | $1,712,195 |
| 2019-09-30 | $1,725,778 |
Does Bank of America have yearly statements?
We keep copies of your statements for 7 years. If you are an Online Banking customer, you can sign into Online Banking, and select Statements & Documents under the Accounts tab, then go to the Request statements tab and select Order a paper statement copy. We keep copies of your statements for up to 7 years.
How do you read a bank balance sheet?
A bank’s balance sheet is different from that of a typical company. You won’t find inventory, accounts receivable, or accounts payable. Instead, under assets, you’ll see mostly loans and investments, and on the liabilities side, you’ll see deposits and borrowings.
What is the interest rate for Bank of America savings account?
Bank of America savings account rates
| Account name | Interest rate | Minimum deposit |
|---|---|---|
| Advantage Savings | 0.01% | $100 |
| Advantage Savings, Gold | 0.02% | $100 |
| Advantage Savings, Platinum | 0.03% | $100 |
| Advantage Savings, Platinum Honors | 0.05% | $100 |
Is Bank of America savings account good?
The Bank of America Rewards Savings account is not a great savings account because of the high monthly fee and tough fee-waiver requirements. It may serve as an easy cash reserve for emergencies when linked to a Bank of America checking account. Otherwise, it doesn’t really help you grow your savings.
