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Rewards Money Market Savings Account

Overview

Higher interest rates

It's your money, make the most of it with a money market account. Earn more for your money than with a Regular Savings account.

Interest rate booster for Bank of America Preferred Rewards membersFootnote1

%, % or % interest rate booster based on your Preferred Rewards tier.

FDIC insured

Rewards Money Market Savings account 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 Rewards Money Market 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 Rewards Money Market 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)
    • 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 $2,500 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 applyFootnote2

    Rates

    Standard Annual Percentage Yield (APY)
    %
    Preferred Rewards clients earn an interest rate booster on Rewards Money Market Savings accountsFootnote1
    Preferred Rewards APY
    Gold Platinum Platinum Honors
    % % %

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 Rewards Money Market 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)
  • 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 $2,500 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 applyFootnote2

View all fees

Download the Personal Schedule of Fees

Rates

Preferred Rewards clients earn an interest rate booster on Rewards Money Market Savings accountsFootnote1
Standard Annual Percentage Yield (APY)Footnote3 Preferred Rewards Gold tier APYFootnote3 Preferred Rewards Platinum tier APYFootnote3 Preferred Rewards Platinum Honors tier APYFootnote3
% % % %

Features

Build your savings automatically with our Keep the Change® savings programFootnote4

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

    Build your savings automatically with our Keep the Change® savings programFootnote4

    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 appFootnote5 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.Footnote2 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 BankingFootnote5

    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 appFootnote5 ensures you get convenient account access whenever and wherever you are.

Mobile BankingFootnote5

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.Footnote2 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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