Bank of America customer service goes Ms. South Carolina on me

Bank of America complained that the credit markets were so tight, soooooooo tight, that it couldn't possibly generate cash in the private sector, and that was why it needed a federal bailout.

Well now it got its federal bailout, and it continues to rip off consumers across the country with one of the worst savings account rates in the world -- 0.10% APY.

This means that for every $1,000 you save with Bank of America, you get a pre-tax return of $1 per year.

Emigrant Direct's FDIC-insured savings account pays 1.55%, and the national average on a money market account is 1.29% according to BankRate.com