Bank of America offers tiered interest rates, saving the highest rates for Preferred rewards members with a linked checking account and certain balances.
How Bank of America savings accounts compare to top-yielding banks 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 ...
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...
Bank of America offers a lot of financial accounts and services, including checking and savings, credit cards, mortgages, auto loans and self-directed investing. CD details Deposit amount APY CD term length months Months Years Results Total interest earned $98.53 Total balance $10,098.53 Months...
APY$0.01% on all balances Withdrawal fee$0 Transfer fee$0 Overdraft fee$0 The Bank of America Advantage Savings account is not a, especially since it offers the same APY on all balances. If earning modest interest on savings is important to you, consider any of the. ...
Maintain a minimum daily balance of $XXXX or more in your account OR Ask us to link your Advantage Savings account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with Tiered Interest Checking or Bank of America Advantage® Regular Ch...
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....
If you qualify and enroll in the Preferred Rewards program, you're also eligible for an elevated APY, ranging from 0.02% to 0.04% depending on which tier. Otherwise, the standard APY is 0.01%. To improve your savings habits, consider enrolling in Bank of America'sKeep the Change®program...
Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Trust and fiduciary services are provided by Bank of America, N.A. and U.S. Trust Company of Delaware. Both are indirect subsidiaries of Bank of America ...
Savings © CreditDonkey The savings account options are rather limited at Bank of America. You only have one choice for a "standard" savings account. Advantage Savings: Open this account with $100 and you'll have access to tiered interest rates. You can earn higher interest rates if you ...