With the battle for small-business deposits heating up in California, BankAmerica Corp. introduced a high-rate money market account.

The interest rate starts at 4% for the minimum balance of $10,000 and increases to 4.5% with deposits of $100,000 in the money market and Bank of America checking account.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.