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Regular Savings Account

Overview

Easy ways to avoid the monthly maintenance fee

Keep a minimum daily balance of per statement cycle in your Regular Savings account to avoid the monthly maintenance fee.
Other ways to avoid the monthly fee

Convenient access anytime, almost anywhere

Use Online, MobileFootnote1 and TextFootnote2 Banking to track your savings, transfer moneyFootnote3 between accounts and more. Or visit us at one of the thousands of ATMs and financial centers.

FDIC Insured

Balances are FDIC insured up to applicable limits.

Savings made simple

We're committed to making your experience with us as easy to understand as possible.
View the Bank of America Regular Savings Account Clarity Statement®
  • Fees & Rates

    Monthly Fee
    • No monthly maintenance fee for each statement cycle that you:
    • Maintain a minimum daily balance of at least
    • or
    • Link your Bank of America Interest Checking® account to your Regular Savings account (waiver applies to first 4 savings accounts)
    • or
    • When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
    • You may also make combined monthly automatic transfers of or more from your Bank of America checking account to your savings account during the immediately preceding statement cycle.
    • Or pay /month
    Required Opening Deposit
    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, you won't be charged this fee. (Please note beginning with statement cycles that start on or after October 8, 2016, the minimum daily balance to avoid this fee will change to $20,000 or you must be enrolled in Preferred Rewards.)
    • Transaction limits applyFootnote3

    Rates

    Amount Interest Rate APYFootnote4

Fees & Rates

Monthly Fee Required Opening Deposit Withdrawal Limit Fee
  • No monthly maintenance fee for each statement cycle that you:
  • Maintain a minimum daily balance of at least
  • or
  • Link your Bank of America Interest Checking® account to your Regular Savings account (waiver applies to first 4 savings accounts)
  • or
  • When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
  • You may also make combined monthly automatic transfers of or more from your Bank of America checking account to your savings account during the immediately preceding statement cycle.
  • Or pay /month
  • 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, you won't be charged this fee. (Please note beginning with statement cycles that start on or after October 8, 2016, the minimum daily balance to avoid this fee will change to $20,000 or you must be enrolled in Preferred Rewards.)
  • Transaction limits applyFootnote3

View all fees

Download the Personal Schedule of Fees

Rates

Amount Interest Rate Annual Percentage Yield (APY)Footnote4

Features

Bank of America Preferred Rewards

Preferred Rewards clients pay no monthly maintenance fees on up to 4 savings accounts.

Build your savings automatically with our Keep the Change® savings programFootnote5

Make everyday purchases with your eligible Bank of America debit card and we'll round up your purchase to the nearest dollar amount. Then we'll transfer the difference from your checking account to your savings account.

  • Features

    Bank of America Preferred Rewards

    Preferred Rewards clients pay no monthly maintenance fees on up to 4 savings accounts.

    Build your savings automatically with our Keep the Change® savings programFootnote5

    Make everyday purchases with your eligible Bank of America debit card and we'll round up your purchase to the nearest dollar amount. Then we'll transfer the difference from your checking account to your savings account.

  • Benefits

    Expansive network of financial centers

    With thousands of ATMs and financial centers available, as well as 24-hour online access, we are almost wherever you need us.

    Award-winning Mobile Banking service

    Our mobile appFootnote1 ensures you get convenient account access whenever and wherever you are.

    Automatic transfers

    Set up automatic transfers to help build your savings. Simply choose the amount and frequency you want to transfer money.Footnote3 Plus make changes anytime.

    Overdraft Protection made simple

    Link your savings account to your checking account for Overdraft Protection.Footnote6

    Mobile check deposit

    Deposit a check using the camera on your smartphone or tablet in the Mobile Banking app.Footnote7 Snap a picture of the front and back of the check, choose your account and amount and send. For your protection, check images are stored securely at the bank and never on your device.

    Mobile BankingFootnote1

    Get convenient account access, now with fingerprint sign-in and Touch ID®.Footnote8 Use our free mobile app to deposit checksFootnote7, check balances, pay billsFootnote9, transfer moneyFootnote10 and locate ATMs and financial centers on the go. Plus, with our customizable mobile app alertsFootnote11 you can stay informed of just about everything that happens with your savings account.

    TransfersFootnote10

    At Bank of America, you have more options to send money where you need to. Make real-time transfers between your accounts, or securely send money to a person simply using their mobile number or email address.Footnote12

    AlertsFootnote13

    With Bank of America alerts, you can choose to be notified about a change to your account that's important to you. From monitoring your balance, to tracking a deposit, to paying a bill, just choose when and how you want to be notified.

Benefits

Expansive network of financial centers

With thousands of ATMs and financial centers available, as well as 24-hour online access, we are almost wherever you need us.

Mobile check deposit

Deposit a check using the camera on your smartphone or tablet in the Mobile Banking app.Footnote7 Snap a picture of the front and back of the check, choose your account and amount and send. For your protection, check images are stored securely at the bank and never on your device.

Award-winning Mobile Banking service

Our mobile appFootnote1 ensures you get convenient account access whenever and wherever you are.

Mobile BankingFootnote1

Get convenient account access, now with fingerprint sign-in and Touch ID®.Footnote8 Use our free mobile app to deposit checksFootnote7, check balances, pay billsFootnote9, transfer moneyFootnote10 and locate ATMs and financial centers on the go. Plus, with our customizable mobile app alertsFootnote11 you can stay informed of just about everything that happens with your savings account.

Automatic transfers

Set up automatic transfers to help build your savings. Simply choose the amount and frequency you want to transfer money.Footnote3 Plus make changes anytime.

TransfersFootnote10

At Bank of America, you have more options to send money where you need to. Make real-time transfers between your accounts, or securely send money to a person simply using their mobile number or email address.Footnote12

Overdraft Protection made simple

Link your savings account to your checking account for Overdraft Protection.Footnote6

AlertsFootnote13

With Bank of America alerts, you can choose to be notified about a change to your account that's important to you. From monitoring your balance, to tracking a deposit, to paying a bill, just choose when and how you want to be notified.
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