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.
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
Qualifying clients can enjoy benefits and rewards on everyday banking, from interest rate boosters to waivers on certain services.Learn more about Preferred Rewards
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With tiered interest rates, the more you save, the more you could earn.
Preferred Rewards members can earn even more. How to qualify layer
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.