Our savings account layer offers benefits and rewards made to help you hit goals faster, along with access to Bank of America's broad network of support.
A savings account is a deposit account that generally earns higher interest than an interest-bearing checking account. Savings accounts limit the number of certain types of transfers or withdrawals you can make from the account each monthly statement cycle.
As your account balance grows, your interest rate has the potential to increase too.
See today's ratesQualifying clients can enjoy benefits and rewards on everyday banking, from interest rate boosters to waivers on certain services.
Learn more about Preferred RewardsWant an easy way to help build your balance? Choose your deals and earn up to 10% cash back at stores, restaurants and more.
Learn more about BankAmeriDeals®Enroll in Keep the Change® to round up debit card purchases and deposit the difference into savings automatically.
Learn more about Keep the Change®Download the Personal Schedule of Fees
We're committed to making your experience with us as easy as possible. View the Bank of America Advantage Savings Account Clarity Statement®
With tiered interest rates, the more you save, the more you could earn.
Preferred Rewards members can earn even more. How to qualify layer
We're here when you need us.
Along with 24/7 access online, you can find us at thousands of ATMs and financial centers.
Between tuition and textbooks, putting aside extra cash can be hard. We can help by waiving the monthly maintenance fee for qualifying students layer.
Students under age 24 are eligible for a waiver of the monthly maintenance fee while enrolled in a high school, college, university or vocational program. Please refer to your Personal Schedule of Fees for details.
See how long it takes to save for the things you want and need.