A convenient way to save for the future while you earn your degree.
Who it's for
- Students with limited funds who want to open a student savings account
Standard features
- Open an account with only a $100 minimum opening deposit
- FDIC-insured
- Receive a monthly statement if you use an ATM, have transfers such as direct deposits, or have a combined statement
Student Savings account flexible account options
- Set up a monthly automatic savings transfer from your checking account
Easy account access and service
- Access to more than 18,000 Bank of America ATMs nationwide and 5,800 banking centers coast to coast
- View account virtually anytime with Online Banking Service
Open a Student Savings account now
Student Savings Account
- No monthly fee when you keep as little as $300 in your account each day; otherwise monthly maintenance fee of $3
- No fee for three withdrawals per month, then $3 per withdrawal if minimum balance falls below $2,500
Student Savings Account Interest rates
With a Student Savings account, interest is compounded daily and paid monthly.
|
Regular Savings |
Interest Rate |
APY* |
| All Balances |
0.10 |
0.10 |
Footnote * Annual Percentage Yield (APY) is accurate as of 11/20/2009.
Rates may change at any time without prior notice. Fees could reduce earnings on the account.
Minimum opening balance is $100.
Transaction Limits for Savings Accounts: The Deposit Agreement and Disclosures and federal regulations limit certain transactions for savings accounts. Legal limit: No more than a total of six transfers each monthly statement cycle (each month for a quarterly statement cycle) from a savings account by means of a pre-authorized transfer (automatic, wire, telephone or Online Banking), check, draft of debit card; of the six transfers, if checks, drafts or debit cards are allowed on the account, no more than three transfers may be made by check, draft or debit card. For some accounts we charge a fee for each transaction that exceeds these legal limits. This fee applies regardless of your account balance. If you exceed these legal limits on more than an occasional basis, we convert your account to another type of account and your account may no longer earn interest.
|
Open a Student Savings Account now
Online Banking
- View account activity virtually anytime with Online Banking Service
- Open a checking account online to pay bills quickly and securely
Other online account services
- Set up a monthly automatic savings transfer from your checking account
- Existing customers can open a Regular Savings account or MyAccess Checking® account online using our convenient single-page Express Application.
ATMs & Banking Centers
- Access to more than 16,700 Bank of America ATMs nationwide
- Access to more than 5,800 banking centers coast to coast
Open an account now
