Bank of America offers tiered interest rates, saving the highest rates for Preferred rewards members with a linked checking account and certain balances.
The tiered rates on the bank’s Advantage Savings account are based on how much money you park in the account: The higher your balance, the more interest you can earn. However, with 0.04 percent APY as the highest payout option at Bank of America, many other financial institutions easily ...
Bank of America interest rates APY on balances 0.01%. How it compares The average national rate for savings accounts is 0.42% APY. Monthly fees $8, waived for the first six months. How to avoid monthly fees Maintain minimum daily balance of at least $500, or Link to a qualifying checking...
Interest rate booster on a Bank of America Advantage Savings account7 MERRILL GUIDED INVESTING 0.05% Annual program fee discount10 Other fees may apply* *Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are...
Interest rate booster on a Bank of America Advantage Savings account7 MERRILL GUIDED INVESTING 0.05% Annual program fee discount10 Other fees may apply* *Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are...
Bank of America’s highest APY on its Advantage Savings account is much less than the national average for savings accounts. There are savings accounts at FDIC-insured online banks with higher yields that don’t have a monthly service fee. Rate history for Bank of America's Savings account We...
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Interest rate booster on a Bank of America Advantage Savings account6 HOME EQUITY 0.625% Interest rate discount on a new home equity line of credit.7 AUTO LOAN 0.50% Interest rate discount for new loan applications submitted directly to Bank of America8 ...
No, the bank’s savings account does not have a competitive savings rate. See how Bank of America’s savings rate compares. Which is better: Bank of America or Chase? Both are national banks with large networks of branches and ATMs, but also low rates and high overdraft fees. See more ...
Best at Bank of America:Bank of America Advantage Savings Best at Wells Fargo:Way2Save®Savings Best at Chase Bank: Who's this for?The Bank of America Advantage Savings account stands out because of the special rewards programs you can access if you use a Bank of America credit card or...