Regular Savings Account
You need a basic savings account
or $0 monthly fee
$0 monthly fee with a minimum daily balance of $300 per statement cycle
Rewards Money Market Savings Account
You have higher balances and want to earn a higher interest rate
or $0 monthly fee
$0 monthly fee with a minimum daily balance of $2,500 per statement cycle
Not sure? Compare savings accounts
| Regular Savings Account | Rewards Money Market Savings Account | |
|---|---|---|
| Standard Annual Percentage Yield (APY)Footnote3 | % | % |
| Preferred Rewards clients receive an interest rate boosterFootnote4 with a higher APYFootnote3 | n/a | % Gold % Platinum % Platinum Honors |
| Minimum opening deposit | ||
| Can be used for Overdraft Protection to cover Bank of America checking accountsFootnote5 | This feature is supported | This feature is supported |
| FDIC insured | This feature is supported | This feature is supported |
| No monthly maintenance fee for each statement cycle that you: | Maintain a minimum daily balance of at least Link your Bank of America Interest Checking® account to your Regular 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) | Maintain a minimum daily balance of at least Link your Bank of America Interest Checking® account to your Rewards Money Market 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 /month | Or pay /month | |
| Withdrawal Limit Fee | Make a total of transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A fee applies for each withdrawal or transfer exceeding in a monthly statement cycle.Footnote1 Other limits apply to certain types of withdrawals and transfers.Footnote2 | Make a total of transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle.Footnote1 Other limits apply to certain types of withdrawals and transfers.Footnote2 |
| Other fees and information | View the Bank of America Regular Savings Account Clarity Statement® | View the Bank of America Rewards Money Market Savings Account Clarity Statement® |
Other available savings accounts
Savings Accounts for Children
Accounts designed to help you save for a child's future
CDs and IRAs
Looking for a more long-term savings option? Investigate other types of accounts
All savings accounts come with...
All savings accounts come with...
FDIC insurance
Balances are insured up to applicable limits. Learn more about FDIC insurance
Why choose Bank of America?
Why choose Bank of America?
Save more
Build your savings automatically with our Keep the Change® savings programFootnote15
Bank of America
Preferred Rewards
Get more rewards with your everyday banking™
Financial network
Access to our network of financial centers, ATMs, and Online, MobileFootnote6 and TextFootnote16 Banking
Looking for more information about savings accounts?
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