Name: Savings Account - Open a Rewards Savings Account Online
Brand: Bank of America

With a Rewards Savings account the more you save the more you could earnWith a Rewards Savings account the more you save the more you could earn

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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 layer. 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®

Other savings options

Learn more about Bank of America CDs, IRAs or savings accounts for children

Planning for future college expenses?
Learn more about Merrill Edge 529 College Savings Plans

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 Rewards 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 Rewards 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 Rewards 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 Rewards 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 Rewards 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.

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 Rewards Savings Account Clarity Statement®

Rates

Rates , open

As your balances grow, your interest rate may increase too

Rewards Savings Account

Account balance amount	Standard Annual Percentage Yield (APY)

Rewards Savings Account

Account balance amount

Standard Annual Percentage Yield (APY)

If you're enrolled in Preferred Rewards

Gold Tier APY	Platinum Tier APY	Platinum Honors Tier APY

Preferred Rewards clients get extra interest based on their relationship tier

How to qualify layer

Benefits

Benefits , open

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.