Select toGet startedwith Merrill Merrill Investing Pursue the retirement you envision with the many potential benefits of Merrill. Select toGet startedwith Merrill Get guidance on which investment solutions might best fit your needs and easily track how your investments are doing. Previous slide of 4Next slide of 4 Slide 1 of 4 selectedSlide 2 of 4Slide 3 of 4Slide 4 of 4 Get personalized tools and research from experts plus a range of investing solutions that will help you pursue what matters most to you. Previous slide of 4Next slide of 4 Slide 1 of 4Slide 2 of 4 selectedSlide 3 of 4Slide 4 of 4 You can manage and transfer funds between Bank of America banking and Merrill investment accounts with one secure login.Footnote1 Previous slide of 4Next slide of 4 Slide 1 of 4Slide 2 of 4Slide 3 of 4 selectedSlide 4 of 4 As a Bank of America Preferred Rewards member, investment balances count toward your program balances and can bump you to the next tier and even greater rewards.Footnote2 Previous slide of 4Next slide of 4 Slide 1 of 4Slide 2 of 4Slide 3 of 4Slide 4 of 4 selected Enjoy tax-deferred growth potential and contributions that may be tax deductible. Get greater withdrawal flexibility in retirement and the potential to earn federal tax-free income. An investment account designed for a single owner that allows trading while providing features such as checking. Select to scroll leftSelect to scroll rightor swipe items below Build your own portfolio and choose your own investments with personalized tools, research and insights from Merrill Edge® Self‑Directed.Footnote4 Get up to $600 when you invest in a new Merrill Edge® Self‑Directed accountFootnote7 No investment minimum Unlimited $0 stock, ETF and option tradesFootnote2 Option contracts and other fees may applyFootnote* Select toGet startedwith Merrill Edge® Self-Directed Get a portfolio that's monitored and rebalanced by a team of Merrill investment professionals with Merrill Guided Investing.Footnotes5,6 Low $1,000 investment minimum 0.45 %, calculated and assessed monthly based on your prior month's balance.Footnote6 Preferred Rewards fee discount. Merrill Guided Investing is an Investment Advisory Program Select toGet startedwith Merrill Guided Investing Work with an advisor to define and pursue your investing goals and get ongoing advice when you want it with Merrill Guided Investing with an advisor.Footnotes5,6 $20,000 investment minimum 0.85 %, calculated and assessed monthly based on your prior month's balance.Footnote6 Preferred Rewards fee discount. Merrill Guided Investing with Advisor is an Investment Advisory Program Select toGet startedwith Merrill Guided Investing with an advisor Preferred pricing The Bank of America Preferred Rewards Program allows you to count your Merrill investing and Bank of America deposit balances to maximize your benefits.Members enjoy monthly account maintenance fee waivers on deposit accounts, and more.Footnote2Select toRead more Get startedwith Merrill Edge Self-Directed Use offer code 600MEFootnote7 855.632.3343 Meet with a Merrill advisor Footnote Other fees may apply. Free and $0 means there is no commission charged for these trades. $0 option trades are subject to a $0.65 per-contract fee. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill pricing, visit our Pricing page. Footnote Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and mutual funds. To learn more about pricing, visit our Pricing page. Footnote Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen. Footnote To enroll in the Bank of America Preferred Rewards program, you must have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either: You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Bank of America Private Bank clients qualify to enroll in the Diamond tier, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on employee qualification requirements, please visit the Employee Financial Services intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program maintain eligibility based upon customized terms. Refer to CEBI Program for details. Footnote Clients enrolled in Preferred Rewards receive a Preferred Rewards discount off the Merrill Guided Investing program's annual asset-based fee of 0.45%, and the Merrill Guided Investing with Advisor and Merrill Edge Advisory Account programs' annual asset-based fee of 0.85% for any of their accounts enrolled in the respective advisory programs. Preferred Rewards enrolled clients receive a discount of 0.05% off of the annual rate for the Gold tier, 0.10% for the Platinum tier, or 0.15% for the Platinum Honors, Diamond and Diamond Honors tiers based on their Preferred Rewards tier effective at the time the applicable advisory program fee is calculated. It may take up to 30 calendar days for changes to your Preferred Rewards status or tier to be associated with and effective for your accounts in the advisory programs. This fee is charged monthly in advance. In addition to the annual program fee, the expenses of the investments will vary based on the specific funds within each portfolio. Actual fund expenses will vary; please refer to each fund's prospectus. Footnote You have choices about what to do with your employer-sponsored retirement plan accounts. Depending on your financial circ*mstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over an employer-sponsored plan from your old job to your new employer, take a distribution, or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment (particularly with reference to employer stock), and different types of protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information visit our rollover page or call Merrill at 888.637.3343. Footnote Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. $0 option trades are subject to a $0.65 per-contract fee. Other fees and restrictions may apply. Pricing is subject to change without advance notice. Footnote The Chief Investment Office (CIO) develops the investment strategies for Merrill Guided Investing and Merrill Guided Investing with Advisor, including providing its recommendations of ETFs, mutual funds and related asset allocations. Managed Account Advisors LLC (MAA), Merrill's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Guided Investing strategies for client accounts, including facilitating the purchase & sale of ETFs and mutual funds in client accounts and updating account asset allocations when the CIO's recommendations change while also implementing any applicable individual client or firm restriction(s). Footnote Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for information including the program fee, rebalancing, and the details of the investment advisory program. Your recommended investment strategy will be based solely on the information you provide to us for this specific investment goal and is separate from any other advisory program offered with us. If there are multiple owners on this account, the information you provide should reflect the views and circ*mstances of all owners on the account. If you are the fiduciary of this account for the benefit of the account owner or account holder (e.g., trustee for a trust or custodian for an UTMA), please keep in mind that these assets will be invested for the benefit of the account owner or account holder. Merrill Guided Investing is offered with and without an advisor. Merrill, Merrill Lynch, and/or Merrill Edge investment advisory programs are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and Managed Account Advisors LLC ("MAA") an affiliate of MLPF&S. MLPF&S and MAA are registered investment advisers. Investment adviser registration does not imply a certain level of skill or training. Footnote7 Offer valid for new individual Merrill IRAs or Cash Management Accounts (CMAs). Offer is limited to one CMA and one IRA, with no more than two enrolled accounts per accountholder. Eligible Merrill Edge IRAs limited to Traditional, Roth and Sole-Proprietor SEP only. The Merrill IRA or CMA may be a Merrill Edge Self-Directed account, Merrill Edge Advisory Account or Merrill Guided Investing account. You may be eligible for a different or better offer. Please contact us for more information. Offer Limitations: This offer does not apply to business/corporate accounts, investment club accounts, partnership accounts and certain fiduciary accounts held with Merrill Edge, or to any types of accounts (including IRAs or CMAs) held with other business units of Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S). Merrill Edge reserves the right to change or cancel this offer at any time, without notice. This offer may not be used as an inducement to sell any kind of insurance, including annuities. How it Works: For purposes of this offer, qualifying net new assets are calculated by adding total incoming assets or transfers (including cash, securities and/or margin debit balance transfers) from external accounts, and subtracting assets withdrawn or transferred out of the account within the preceding 24 weeks. Tax Disclaimer: The value of the reward you receive may constitute taxable income. Merrill Lynch may issue an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of the reward. Please consult your tax advisor. Bank of America Corporation and its affiliates and associates do not provide tax advice. MAP5425426-02012024 Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF). Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp"). Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Privacy|Security|Advertising practicesAdvertising Practices| © 2023 Bank of America Corporation. All rights reserved. 4326521 
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Qualifying Net New Asset Balance Cash Reward Less than $20,000 $0 $20,000 to $49,999 $100 $50,000 to $99,999 $150 $100,000 to $199,999 $250 $200,000 or more $600 Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity
FAQs
How much money do you need to open a Merrill account? ›
Merrill Edge has no account minimums and unlimited $0 online stock and ETF trades. Clients with at least $20,000 in combined deposit and investment accounts qualify for additional perks through the Preferred Rewards program.
How much money is needed to open a retirement account? ›The IRS doesn't require a minimum amount to open an IRA. However, some providers do require account minimums, so if you've only got a small amount to invest, find a provider with a low or $0 minimum. Also, some mutual funds have minimums of $1,000 or more, so you need to account for that as you choose your investments.
What do I need to open a Merrill account? ›What you'll need
- Social Security number and date of birth.
- A valid mailing and email addresses.
- Employment information (including company name, address, and start date)
- General financial information (such as annual income and household net worth)
Both beginners and experienced investors will find things to like about Merrill Edge, such as quality research and decent investment tools. That being said, when compared to other online brokerages, Merrill Edge's tools are hardly top-shelf offerings, and the platform has some significant downsides.
Does Merrill Lynch have minimum balance? ›For clients who want to make their own investment decisions, Merrill Edge offers simple flat-rate pricing with no minimum balance and no trade minimums. Merrill Edge also offers one-on-one guidance for clients who prefer to work with a Merrill Edge Financial Solutions Advisor and plan to invest at least $20,000.
What is a basic account at Merrill Lynch? ›Merrill's BASIC™ Retirement Plan allows each participant to select the type of investments that best suit his or her particular needs. Since investments are self-directed, they can be shifted to take advantage of changing financial opportunities and personal goals.
Is $50 000 enough for retirement? ›According to Fidelity, by age 30, you should have a year's salary in retirement savings. Based on the average salary at this age as sourced from the Bureau of Labor Statistics, most 30-year-olds should have about $50,000 in retirement savings — so this means that many younger Americans are on track.
How much should a 25 year old have in a retirement account? ›Ages 25-34
By age 30, Fidelity recommends having the equivalent of one year's salary stashed in your workplace retirement plan. So, if you make $50,000, your 401(k) balance should be $50,000 by the time you hit 30.
The Federal Reserve's most recent data reveals that the average American has $65,000 in retirement savings. By their retirement age, the average is estimated to be $255,200.
Do you need 500 dollars to open a bank account? ›Yes, you can do it with no money. However, the bank may require you to deposit a certain amount of money into the account in order to start using it. Some banks have no minimum deposit requirement, while others may require a minimum $500 or more deposit.
How much money do you have to have to open a Bank of America account? ›
The minimum opening deposit for this account is $100.
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| Minimum opening deposit | ||
|---|---|---|
| $25 | $100 | $100 |
| Monthly maintenance fee | ||
| $4.95 or $0 | $12 or $0 | $25 or $0 |
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Salaries at Merrill Lynch & Co Inc range from an average of $45,677 to $91,175 a year.