Considering ditching my checking account with brick and mortar bank (BoA) in favor of an online high interest checking, most likely through Ally.
I know there's various factors to consider, but I'm specifically interested in how this might affect mortgage rates if I did that through BoA. Now I probably won't be buying a home within the next 5 years, but I currently have a checking account and a credit card with a good 15 years of history. Only looking at closing out the checking, but keeping that history intact has been why I've stuck around so long despite some frustrations with them.
Would I get a sweater deal from Bank of America mortgage for having that history with them and should I then leave it open for that reason? It's never been a high value account, typically <2,000 over the history. Another thing to consider is maybe BoA wouldn't be competitive at all with mortgages vs online banks anyway? (as is the case with it's savings, money market, and CD returns)