Rates are for opening deposits of less than $10,000. Annual Percentage Yield (APY) is accurate as of January 29, 2025. Learn More Minimum Deposit to Open: $1,000 Bank of America Advantage Savings - Preferred Rewards Account BalanceGold APYPlatinum APYPlatinum Honors APYDiamond and Diamond Hon...
Here’s a closer look at the rates offered by Bank of America’s savings accounts. The rates are for those living in the New York tri-state area and could vary by state. Account nameInterest rateAPYMinimum deposit Advantage Savings 0.01% 0.01% $100 Advantage Savings, Gold 0.02% 0.02% $...
You maintain a minimum daily balance of $--- or more in your account OR You have at least 1 qualifying direct deposit of $--- or more made to your account OR An account owner is a member of the Preferred Rewards program[1] For Preferred Rewards members in the Gold, Platinum, or Pla...
Monthly FeeRequired Opening Deposit We'll waive the monthly maintenance fee each statement cycle you meet one of the following: 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...
Bank of America reduced overdraft fees to $10. While yields are generally low, some of the bank’s certificate of deposit (CD) offerings come with high APYs. Cons Fees are avoidable but could easily rack up for customers who can’t meet certain requirements. Savings and CD yields are gen...
Bank of America offers three types of CDs, all with a minimum deposit of $1,000: Fixed Term CDs are available online for terms of 28 days to 10 years. Featured CDs at Bank of America can have higher rates than the Fixed Term options. These are promotional rates, also known as CD spe...
Bank of America 0.03% TD Bank 0.05% Citizens Bank 0.01% KeyBank 0.01% Truist 0.01% Citibank 0.04% Wells Fargo 0.01% PNC Bank 0.01% U.S. Bank 0.01% Average 0.02% Teaser rates You might be willing to pay the occasional fee if you have a big chunk of change in your savings account,...
Monthly FeeRequired Opening Deposit We'll waive the monthly maintenance fee each statement cycle you meet one of the following: 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...
Bank of America Savings Accounts as of Sept. 23, 2024 CDs Bank of America offers standard-term CDs with a $1,000 minimum deposit requirement. Standard CDs are available at terms ranging from one month to 10 years, withannual percentage yields (APYs)starting at 0.03%.1 ...
The minimum opening deposit for many Bank of America accounts is $100. Standard Term CDs require $1,000. » Want to see more options? Check out our list of best banks for checking and savings About the author Spencer Tierney Spencer Tierney is a writer and NerdWallet's authority on ...