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Rewards Money Market Savings Account

Our Rewards Money Market Savings account helps you save more and reach your goals faster.

  • Higher interest rates compared to our Regular Savings account
  • Transfer money between your checking and Rewards Money Market Savings accounts*
  • Eligible for enrollment in Keep the Change® savings programFootnote 1
  • Use it for overdraft protectionFootnote 2 to cover your checking account
  • Balances are FDIC insured up to applicable limits

Enroll in the Preferred Rewards program and get these additional benefits:

Learn more about the Preferred Rewards Program

View all account rates

Preferred Rewards clients can earn and save even more with this account.

Preferred Rewards clients earn an interest rate booster information Footnote 3 on Rewards Money Market Savings accounts.
Standard Annual Percentage Yield (APY)Footnote 4 Preferred Rewards Gold tier APYFootnote 4 Preferred Rewards Platinum tier APYFootnote 4 Preferred Rewards Platinum Honors tier APYFootnote 4
0.03% 0.04% 0.06% 0.08%

Preferred Rewards clients can earn more interest on every dollar saved in their Rewards Money Market Savings account

Preferred Rewards clients earn the standard rate plus an interest rate booster information Footnote 3 based on their Preferred Rewards tier. The Preferred Rewards APYs listed in the interest rate table include the interest rate booster information Footnote 3. To enroll in Preferred Rewards, you must have an eligible Bank of America personal checking account and maintain a 3-month average combined balance in your qualifying Bank of America deposit accounts and/or Merrill Edge® and Merrill Lynch® investment accounts of: $20,000+ for Gold tier, $50,000+ for Platinum tier, or $100,000+ for Platinum Honors tier.

For more information and to see if you qualify, visit our Preferred Rewards Overview or call 1.888.888.RWDS (1.888.888.7937) to speak to a Preferred Rewards specialist.

No fee when you meet one of the following requirements during each statement cycle:

  • Maintain a minimum daily balance of $2,500 in your Rewards Money Market Savings account

  • Link to your Bank of America Interest Checking® Account (waiver applies to first 4 linked savings accounts of all types — regular savings and money market savings accounts)

  • When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)

Otherwise, $12 monthly maintenance fee

View all account rates

Preferred Rewards clients can earn and save even more with this account.

Compare all savings accounts

Use our short term savings tool

Interest rate booster example

If the interest rate on a Rewards Money Market Savings account is 1.00%, a 5% rate booster would increase the interest rate to 1.05%

Rates shown are for illustration only. For current rates, view our Rewards Money Market Savings rates.

Open rewards money market savings now

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Adding an IRA Account

Online, IRA Accounts may only be opened one-at-a-time. If you continue, we will remove the IRA and add this item to your application.

Choosing "Cancel" will leave your application with its current selections.

Continuar en inglés

La información que se encuentra a continuación está disponible sólo en inglés en la actualidad.

Las solicitudes y los documentos asociados con productos y servicios específicos podrían estar disponibles sólo en inglés. Antes de escoger un producto, por favor asegúrese de haber leído y entendido todos los términos y condiciones provistas.

Seleccione Continuar en inglés para obtener más información. Usted también puede contactarnos en español llamando al 1.800.688.6086 para obtener más información sobre nuestros productos.

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