Michael Rand is a business and personal finance writer based in Beverly, Massachusetts. He holds a master’s degree in writing from Salem State University and spent years producing content for financial services clients as an agency writer. His work has been featured in publications like Interest.com, The Simple Dollar, and Monetize.info.
The nation's largest bank by assets is offering checking account holders 48-month, auto loan rates for as little as 2.38% APR. That's way below the average cost of a 4-year car loan, which is just over 4% right now.