Bank of America Savings Accounts
Compare all savings accounts offered by Bank of America to find the best rate for your money.
About Bank of America Savings
Bank of America offers 1 savings accounts with competitive interest rates and flexible terms.
Highest APY
0.01% on the Advantage Savings
Security
FDIC insured deposits up to $250,000 per depositor.
Advantage Savings
Regular
APY
0.01%
Compounds monthly
Annual Earnings
$1
on $10,000 balance
Minimum Deposit
$100
Minimum Balance
$500
Monthly Fee
$8
Can be waived: Maintain $500 balance or link to checking
Withdrawal Limit
6/month ($10 fee after)
ATM Access
Special Features
Preferred Rewards
Savings Account Tips
Finding the Best Savings Account
- • Look for accounts with the highest APY for your deposit amount
- • Consider accounts with no monthly maintenance fees
- • Check minimum balance requirements to avoid fees
- • Understand withdrawal limits and fees
- • Verify if interest rates are fixed or variable
Maximizing Your Savings
- • Set up automatic deposits from your checking account
- • Maintain the minimum balance to avoid fees
- • Consider laddering multiple accounts for different goals
- • Review and compare rates annually
- • Use online and mobile banking to track your progress
Ready to Start Saving?
Visit the Bank of America website to open a savings account and start earning interest on your deposits.
Visit Bank of America Website