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Before You Apply

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Your application process should take around 10 minutes.

You're applying for:

  •  

Avoid a monthly maintenance fee by maintaining a combined balance of or more in eligible accounts each statement cycle.

or

Pay /month

How to avoid the monthly maintenance fee

No monthly maintenance fee for Bank of America Interest Checking® if you maintain a combined balance of at least or more each statement cycle. Combined balances include:

  • The average daily balance in eligible linked checking, savings and money market savings accounts for the statement cycle
  • and
  • The current balances in linked personal CDs and IRAs at the end of the Interest Checking statement cycle
  • and
  • The current balance (2 business days before the end of the Interest Checking statement cycle) in your eligible linked Merrill Edge® and Merrill Lynch® investment accounts
  • or
  • Enroll in the Preferred Rewards program and qualify for the Gold, Platinum, Platinum Honors tier (first 4 checking accounts)

Or pay /month

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What you'll need to apply:

  • Social Security number and date of birth of all account holders
  • Phone number and email address
  • Physical U.S. address (no post office boxes)
  • Debit card or account information for funding your new account

Apply at a financial center if:

  • You have limited credit history, making identity verification difficult
  • You have had issues with your checking history
  • You are depositing more than $100,000 today
  • Schedule an appointment

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Not sure? Compare savings accounts

Comparison of Accounts
Regular Savings Account Rewards Money Market Savings Account
Standard Annual Percentage Yield (APY)Footnote % %
Preferred Rewards clients receive an interest rate boosterFootnote with a higher APYFootnote n/a % Gold % Platinum % Platinum Honors
Minimum opening deposit
Can be used for Overdraft Protection to cover Bank of America checking accountsFootnote This feature is supportedThis feature is supported
FDIC insured This feature is supportedThis feature is supported
No monthly maintenance fee for each statement cycle that you: Maintain a minimum daily balance of at least Link your Bank of America Interest Checking® account to your Regular Savings account (waiver applies to first 4 savings accounts) When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts) Maintain a minimum daily balance of at least Link your Bank of America Interest Checking® account to your Rewards Money Market Savings account (waiver applies to first 4 savings accounts) When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
Or pay /month
Or pay /month
Withdrawal Limit Fee Total of transfers and withdrawals each monthly statement cycle without a Withdrawal Limit Fee. You may be charged a fee for each additional transfer and withdrawal you make before your statement cycle ends. You will be charged no more than of these fees each statement cycle. If you maintain a minimum daily balance of or more in this account or if you are enrolled in the Preferred Rewards program, you won't be charged this fee. Transaction limits applyFootnote Total of transfers and withdrawals each monthly statement cycle without a Withdrawal Limit Fee. You may be charged a fee for each additional transfer and withdrawal you make before your statement cycle ends. You will be charged no more than of these fees each statement cycle. If you maintain a minimum daily balance of $20,000 or more in this account or if you are enrolled in the Preferred Rewards program, you won't be charged this fee. Transaction limits applyFootnote
Other fees and information View the Bank of America Regular Savings Account Clarity Statement® View the Bank of America Rewards Money Market Savings Account Clarity Statement®