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Savings Accounts

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

Comparison of Accounts
Regular Savings Account Rewards Money Market Savings Account
Standard Annual Percentage Yield (APY)Footnote2 % %
Preferred Rewards clients receive an interest rate boosterFootnote3 with a higher APYFootnote2 n/a % Gold % Platinum % Platinum Honors
Minimum opening deposit
Can be used for Overdraft Protection to cover Bank of America checking accountsFootnote4 This feature is supportedThis feature is supported
FDIC insured This feature is supportedThis 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.Footnote1 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.Footnote1
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 programFootnote14

Bank of America
Preferred Rewards

Get more rewards with your everyday banking

Financial network

Access to our network of financial centers, ATMs, and Online, MobileFootnote5 and TextFootnote15 Banking

Resources to help you manage your money

Short Term
Savings Calculator

Short Term
Savings Calculator

See how long it takes to save for things you want in life

 
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