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Savings Account

Ways to help you save

Other savings account options

Benefits

Benefits

Your Rewards Savings account comes with...

Mobile Banking
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.

Fees

Fees

Monthly FeeRequired Opening DepositWithdrawal 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 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
  • 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.

Rates

Rates

As your balances grow, your interest rate may increase too

Rewards Savings Account

Account balance amountStandard Annual Percentage Yield (APY)

Rewards Savings Account

Account balance amount
Standard Annual Percentage Yield (APY)

If you're enrolled in Preferred Rewards

Gold Tier APYPlatinum Tier APYPlatinum Honors Tier APY

Preferred Rewards clients get extra interest based on their relationship tier

How to qualify layer

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

Resources

Resources

Spending & Budgeting

Stay on top of your finances with this Online and Mobile Banking tool.

See how it works

Family Life Banking

Find out how to make the most of your financial life for you and your family.

Explore Family Life Banking

Short-Term Savings Calculator

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

Try the Savings Goal Calculator

Looking for more information about savings accounts?
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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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