A Growth Money Market Savings account offers tiered interest rates1 while allowing you easy access to your money when you need it.
Who it's for
- You want tiered interest rates in an FDIC-insured account that allows easy access to your money
Growth Money Market Savings account features
- Tiered interest rates so you can earn more as your balance rises1
- Earn a rate bonus when you make a direct deposit or automatic transfer from your checking account of at least $250 each month2
- Unlimited withdrawals, deposits, and transfers at Bank of America ATMs and banking centers
- Low $25 opening balance requirement3
- A source of overdraft protection for checking
- Online Banking
Flexible Growth Money Market Savings account options
- Set up automatic monthly transfers from your checking account — visit our interactive demo for step-by-step instructions
- Up to a total of 3 checks or purchases made with your debit card each monthly statement cycle
- Can be used with our Keep the Change® program
Footnote1This account earns interest at a variable rate.
Footnote2You can earn a bonus interest rate on your Growth Money Market Savings account when we receive at least one of the following transactions for credit to your account during each calendar month: (1) an automatic transfer of $250 or more from your Bank of America checking account, (2) an automatic transfer of the monthly interest payment from your Bank of America CD, or (3) a direct deposit of $250 or more. The interest rate bonus begins to accrue within ten (10) business days after the end of the calendar month in which at least one of the transactions occurred. You continue to earn an interest rate bonus as long as we continue to receive at least one of the transactions each calendar month. The interest rate bonus may change and may be set to zero. We may change the interest rate bonus at our discretion at any time without notice.
Footnote3Minimum to open: $25. Monthly maintenance fee: $10. Avoid the monthly maintenance fee by meeting one of the following requirements during each statement cycle: Link this account to your Advantage Checking or Advantage with Tiered Interest Checking (fee waiver applies to first two linked money market accounts) or maintain a minimum daily balance of $5,000 or more in your account. See our Personal Schedule of Fees for more information.
Growth Money Market Savings Account Pricing
- No monthly maintenance fee when you link to a Advantage with Tiered Interest Checking (fee waiver applies to first two linked money market accounts), or maintain a minimum balance of $5,000 or more in your account.
- Otherwise, the monthly maintenance fee is $10
Bank of America Money Market Rates
With the Growth Money Market Savings account, interest is compounded and credited monthly.
| Growth Money Market Savings |
Standard |
with Rate Bonus† |
| Rate |
APY* |
Rate |
APY |
| Less than $5,000 |
0.30% |
0.30% |
0.55% |
0.55% |
| $5,000 - $9,999 |
0.30% |
0.30% |
0.55% |
0.55% |
| $10,000 - $24,999 |
0.50% |
0.50% |
0.75% |
0.75% |
| $25,000 - $49,999 |
0.50% |
0.50% |
0.75% |
0.75% |
| $50,000 - $99,999 |
0.60% |
0.60% |
0.85% |
0.85% |
| $100,000 - $499,999 |
0.75% |
0.75% |
1.00% |
1.00% |
| $500,000 - $2,499,999 |
0.75% |
0.75% |
1.00% |
1.00% |
| $2,500,000 and over |
0.75% |
0.75% |
1.00% |
1.00% |
*This account earns interest at a variable rate. Annual Percentage Yield is accurate as of 11/22/2009. These rates may change at any time without prior notice. Fees could reduce earnings on the account.
†You can earn a bonus interest rate on your Growth Money Market Savings account when we receive at least one of the following transactions for credit to your account during each calendar month: (1) an automatic transfer of $250 or more from your Bank of America checking account, (2) an automatic transfer of the monthly interest payment from your Bank of America CD, or (3) a direct deposit of $250 or more. The interest rate bonus begins to accrue within ten (10) business days after the end of the calendar month in which at least one of the transactions occurred. You continue to earn an interest rate bonus as long as we continue to receive at least one of the transactions each calendar month. The interest rate bonus may change and may be set to zero. We may change the interest rate bonus at our discretion at any time without notice.
Important Notice: Federal regulation and our deposit agreement limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. You are limited to six withdrawals and/or transfers from your savings account each monthly statement cycle by pre-authorized transfer, or telephone/PC transfer (including bill payments). And, if the account permits transfers by check or debit card, no more than three of the six limited transfers may be by check or debit card.
Online Banking
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