Whether you're new to saving or an experienced saver, you can enjoy a wide-range of benefits with a Rewards Savings account
Easily transfer money from your checking account to build your balance
Enroll in our Keep the Change® savings program and we'll round up the difference when you make everyday purchases with your Bank of America debit card and transfer the difference from your checking account to your savings account
Use it for Overdraft Protection in case your checking funds run too low
To enroll in Preferred Rewards you need an eligible Bank of America® personal checking account and a 3-month average combined balance of $20,000 or more in qualifying Bank of America® banking accounts and/or Merrill Edge® and Merrill Lynch® investment accounts. Learn more about Preferred Rewards
No monthly maintenance fee for each statement cycle that you:
Maintain a minimum daily balance of at least $XXXX
Link your Bank of America Interest Checking® account to your Rewards 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 $XXXX/month
Required Opening Deposit
Withdrawal Limit Fee
Make a total of 6 transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle.
Other limits apply to certain types of withdrawals and transfers.