Bank of America savings overview Bank of America’s Advantage Savings has a minimal APY that is lower than the national average. It requires a $100 minimum deposit to open the account, and there is an $8 monthly maintenance fee, which can be avoided by maintaining a $500 minimum balance....
The monthly fee of $8 can be waived by keeping a minimum daily balance of $500, linking this account to your Bank of America Advantage Relationship Banking checking account, or by becoming a Bank of America Preferred Rewards client. Eligibility for Preferred Rewards requires a checking account a...
such as the lack of check-writing privileges and a $4.95 monthly fee monthly fee (though it is avoidable). The only interest-bearing checking account that Bank of America offers, Advantage Relationship Banking, requires at least $20,000 as a daily minimum balance to avoid a $25 monthly fee...
Bank of America Business Advantage Relationship Banking:Suitable for businesses that need access to a broader range of services and cash management tools. Pros:No fees for incoming wires, stop payments, electronic deposits & more Cons:Higher minimum balance requirements ...
Bank of America had 44 million active digital customers at the end of the 2022 fiscal year, according to the bank's 2023 annual report.15 What Is the Minimum Monthly Balance for a Bank of America Account? The Bank of America Advantage Savings Account has a monthly maintenance fee of $8.00...
Minimum opening deposit:$100 Bank of America Advantage Relationship Fees The Advantage Relationship account is aninterest-bearing checking account, but several fees could easily eat away any earnings. The monthly maintenance fee alone is $25, though, you can avoid this fee with a combined balance ...
Bank Of America Promotions: Tips The Bank of America promotions can help you earn or save hundreds of dollars. Here are some tips to maximize your savings. Read the fine print:Be sure you understand the minimum requirements, whether it’s a specific bank balance you must keep or a minimum...
Bank of America has an annual percentage yield (APY) ranging from0.01%to 0.04%, depending on your balance. To open a Bank of America Advantage Savings account, you’ll need a minimum deposit of $100. Bank of America offers many other financial products including credit cards, checking account...
Large, mainstream banks such as Bank of America, Chase and Wells Fargo generally require about two pieces of documentation and proof of a valid U.S. street address. Bank of America, Chase and Wells Fargo also accept ITINs. Some institutions, including some Hispanic American-owned credit unions...
Bank of America Advantage Relationship Banking®: You can open an interest-bearing checking account with just $100. But, you'll need to maintain a minimum daily balance of $20,000 in your account or become a member of Bank of America Preferred Rewards® to waive the monthly maintenance ...