Rewards Savings Account
Whether you’re new to saving or an experienced saver, you can enjoy a wide-range of benefits with one simple savings account. Simply put, every dollar you add to your Rewards Savings account combined with our rewards programs gets you one step closer to your savings goal.
Tiered Savings
As your account balance grows, your interest rate has the potential to increase too.
See today's rates
BankAmeriDeals®
Get cash back for the things you buy every day. Earn up to 15% cash back at stores, restaurants and more with BankAmeriDeals and have it deposited directly into your Rewards Savings account.
Learn more about BankAmeriDeals®
Preferred Rewards
Preferred Rewards clients can enjoy even more benefits based on their relationship tier.
Learn more about Preferred Rewards
Keep the Change®
Make everyday purchases with your Bank of America debit card and we'll round up your purchase to the nearest dollar amount. We'll transfer the difference from your checking account to your Rewards Savings account.
Learn more about Keep the Change®Fees
Fees
- No monthly maintenance fee for each statement cycle that you:
- Maintain a minimum daily balance of at least $XXXX
- or
- Link your Bank of America Interest Checking® account to your Rewards 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 $XXXX/month
- $XXXX
Monthly Fee
Required Opening Deposit
Withdrawal Limit Fee
Download the Personal Schedule of Fees
We're committed to making your experience with us as easy as possible. View the Bank of America Rewards Savings Account Clarity Statement®
| Monthly Fee | Required Opening Deposit | Withdrawal Limit Fee |
|---|---|---|
|
|
Download the Personal Schedule of Fees
We're committed to making your experience with us as easy as possible. View the Bank of America Rewards Savings Account Clarity Statement®
Rates
Rates
As your balances grow, your interest rate may increase too
If you're enrolled in Preferred Rewards
Preferred Rewards clients get extra interest based on their relationship tier
How to qualify
To enroll in Preferred Rewards you need an eligible Bank of America® personal checking account and a 3-month average combined balance of $20,000 or more in qualifying Bank of America® banking accounts and/or Merrill Edge® and Merrill Lynch® investment accounts. Learn more about Preferred Rewards
Benefits
Benefits
Your Rewards Savings account comes with...
Get convenient account access, now with fingerprint sign-in and Touch ID®. Use our free mobile app to deposit checks, check balances, pay bills, transfer money and locate ATMs and financial centers on the go. Plus, with our customizable mobile app alerts you can stay informed of just about everything that happens with your savings account.
Resources
Resources
Spending & Budgeting
Stay on top of your finances with this Online and Mobile Banking tool.
Family Life Banking
Find out how to make the most of your financial life for you and your family.
Short-Term Savings Calculator
See how long it takes to save for the things you want in life.
Learn about savings with Better Money Habits®
Learn about savings with Better
Money Habits®
Looking for more information about savings accounts?
We're here to help. Find out more about what matters most to you
Other available savings
Savings Accounts for Children
Accounts designed to help you save for your children
CDs and IRAs
Looking for a more long-term savings option? Investigate other types of accounts.
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Contact Us
- Schedule an appointment
- Schedule an appointment
- Call us
- Phone number:844.375.7027