Regular Savings Account
You need a basic savings account
Avoid a monthly maintenance fee with a minimum daily balance of per statement cycle
or
per month
Rewards Money Market Savings Account
You have higher balances and want to earn a higher interest rate
Avoid a monthly maintenance fee with a minimum daily balance of per statement cycle
or
per month
Not sure? Compare savings 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 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 | Total of transfers and withdrawals each monthly statement cycle without a Withdrawal Limit Fee. You may be charged a fee for each additional transfer and withdrawal you make before your statement cycle ends. You will be charged no more than of these fees each statement cycle. If you maintain a minimum daily balance of or more in this account, you won't be charged this fee. (Please note beginning with statement cycles that start on or after October 8, 2016, the minimum daily balance to avoid this fee will change to $20,000 or you must be enrolled in Preferred Rewards.) Transaction limits applyFootnote1 | Total of transfers and withdrawals each monthly statement cycle without a Withdrawal Limit Fee. You may be charged a fee for each additional transfer and withdrawal you make before your statement cycle ends. You will be charged no more than of these fees each statement cycle. If you maintain a minimum daily balance of $2,500 or more in this account, you won't be charged this fee. (Please note beginning with statement cycles that start on or after October 8, 2016, the minimum daily balance to avoid this fee will change to $20,000 or you must be enrolled in Preferred Rewards.) Transaction limits applyFootnote1 |
| 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
Looking for more information about savings accounts?
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