Checking, high yield savings and trading (I)

It seems that I am too ambitious by trying to talk about some many things in a single post. It is a little bit but it is forced by the often cross promotion of financial products. Therefore I decide to talk about it in two installments.

Late last year, Bank of America's brokerage branch got instant famous for offering 30 free trades to clients with $25k in their cash and equivalents accounts. This idea evolves from here. So to qualify, one have to put $25k in their BoA savings, checking and CD accounts. 30 free trades definitely sounds sweet, however savings and money market accounts' yield at BoA aren't that heart warming. Last time I checked, it is a pesky 1.5% APY or so. However, there are two particular high yield MM at BoA that is not so shabby, both yields around 5% and comparable to the online competitors. Here are the links:

NEA Account
AAA Promotion

So this serves perfectly for the balance requirements. You gotta have some cash/savings in hand anyway. And since you can get comparable yields in these accounts, why don't we park here to get some free trades?

See Part II:
Checking, high yield savings and trading (II)