Savings Account - Open an Advantage Savings Account Online

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How we can help

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.

Tiered Savings

As your account balance grows, your interest rate has the potential to increase too.

See today's rates

Rewarding relationships

Qualifying clients can enjoy benefits and rewards on everyday banking, from interest rate boosters to waivers on certain services.

Learn more about Preferred Rewards

Cash-back deals

Want an easy way to help build your balance? Choose your deals and earn up to 15% cash back at stores, restaurants and more.

Learn more about BankAmeriDeals®

Easy ways to save

Enroll in Keep the Change^® to round up debit card purchases and deposit the difference into savings automatically.

Learn more about Keep the Change®

Fees

Fees , open

Monthly Fee

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 Advantage Savings account to your Bank of America Advantage Relationship Banking® 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
For new Bank of America Advantage Savings accounts, we’ll waive this fee for the first 6 months
Students under 24 who are enrolled in school may also qualify for a waiver

Required Opening Deposit

$XXXX

Withdrawal Limit Fee

Make a total of 6 transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle.
Other limits apply to certain types of withdrawals and transfers.

View all fees

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®

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 $XXXX or Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® 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 For new Bank of America Advantage Savings accounts, we’ll waive this fee for the first 6 months Students under 24 who are enrolled in school may also qualify for a waiver	$XXXX	Make a total of 6 transfers and withdrawals each monthly statement cycle with no Withdrawal Limit Fee. A $10 fee applies for each withdrawal or transfer exceeding 6 in a monthly statement cycle. Other limits apply to certain types of withdrawals and transfers.