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.
A savings account is a deposit account that generally earns higher interest than an interest-bearing checking account. Savings accounts limit the number of certain types of transfers or withdrawals you can make from the account each monthly statement cycle.
As your account balance grows, your interest rate has the potential to increase too.See today's rates
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 clients can enjoy even more benefits based on their relationship tier.Learn more about Preferred Rewards
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®
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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
Between tuition and textbooks, putting aside extra cash can be hard. We can help by waiving the monthly maintenance fee for qualifying students.
Students under age 24 are eligible for a waiver of the monthly maintenance fee while enrolled in a high school, college, university or vocational program. Please refer to your Personal Schedule of Fees for details.
Stay on top of your finances with this Online and Mobile Banking tool.