Inventors:
Chandler Raymond Chinn - Charlotte NC, US
Thomas Patrick Duffy - Charlotte NC, US
Steven M. Grill - Charlotte NC, US
Dean Kluesner - Charlotte NC, US
Steven M. Kurk - Fort Mill SC, US
John Michael Rees - Charlotte NC, US
Assignee:
Bank of America Corporation - Charlotte NC
International Classification:
G06Q 40/00
Abstract:
A method for operating an account includes several steps. The account is provided for holding assets of a customer, the account having a variable value controlled by the customer. At least a portion of the assets are held in the account for a time period that includes a plurality of cycles. At least a portion of the assets are invested during the time period, and earnings on the investment are transmitted to the customer. A plurality of average cycle values of the account are calculated, with each average cycle value calculated over one of the plurality of cycles. A minimum average cycle value is selected from the plurality of average cycle values, and a bonus is calculated based on the minimum average cycle value. The bonus is transmitted to the customer, and the customer chooses whether to repeat the process.