Our savings account layer can help boost your financial health and put your goals into focus.
A savings account is a deposit account that generally earns higher interest than an interest-bearing checking account.
Bank of America Life Plan ® is an easy, flexible way to set and track your short- and long-term goals, get one-on-one advice and adjust when life changes. adatext
Qualifying Bank of America Preferred Rewards members can enjoy benefits and rewards on everyday banking, from interest rate boosters to waivers on certain services.
Have a checking account with us, too? Enroll to round up debit card purchases and transfer the difference to savings automatically. adatext
Want to put more in savings? Search participating merchants and earn up to 10% cash back on everyday purchases. adatext
To view all fees and additional information on how to link eligible accounts, see the Personal Schedule of Fees. You can also refer to our Clarity Statement or Deposit Agreement and Disclosures for additional information.
| Account balance | Standard Annual Percentage Yield (APY) adatext |
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Preferred Rewards members can earn even more based on their tier. How to qualify layer
| Gold Tier APY adatext | Platinum Tier APY adatext | Platinum Honors Tier and higher APY adatext |
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All you need to qualify is an eligible Bank of America ® personal checking account and a three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill ® investment accounts. Learn more about Preferred Rewards
We also offer CDs and IRAs. Planning for college? Check out 529 College Savings Plans from Merrill.
We're here when you need us.
Along with 24/7 access online, you can find us at thousands of ATMs and financial centers.
Choose the account, enter the amount and send. With our award-winning app, it's as easy as snapping a photo from your smartphone.
Automatic transfersJust set it and forget it. You can make regular transfers between accounts to help build your balance and achieve your goals.
Custom alerts adatextCreate custom alerts to stay informed about important activity on your account, such as a recent deposit or a successful transfer.
Balance Connect ® for overdraft protection adatextBudgeting blunders happen. Link your savings account to your checking account to help cover your bases.
FDIC insuranceHave peace of mind knowing your savings are FDIC-insured up to applicable amounts.
There is no monthly maintenance fee on our Advantage Savings account if you're under age 25. adatext
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.
See how long it takes to save for the things you want and need.
You can apply online for a checking account, savings account, CD or IRA. Simply select an account, enter your personal information, verify your information and choose features & funding options. You will receive an email once your application is received and a follow-up email telling you whether it has been approved, plus any next steps.
Important Disclosures and Information
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. You should review any planned financial transactions that may have tax or legal implications with your personal tax or legal advisor.
Securities products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S", or "Merrill"), a registered broker-dealer, registered investment adviser, Member SIPC layer , and a wholly-owned subsidiary of Bank of America Corporation. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation.
Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Trust and fiduciary services are provided by Bank of America, N.A. and U.S. Trust Company of Delaware. Both are indirect subsidiaries of Bank of America Corporation.
Insurance Products are offered through Merrill Lynch Life Agency Inc. (MLLA) and/or Banc of America Insurance Services, Inc., both of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation.
Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
Investment and insurance products:
MasterCard is a registered trademark of MasterCard International Incorporated, and is used pursuant to license. Visa is a registered trademark of Visa International Service Association, and is used pursuant to license from Visa U.S.A. Inc.. Touch ID is a registered trademark of Apple Inc., registered in the U.S. and other countries.
Bank of America Advantage SafeBalance Banking, Bank of America Advantage Plus Banking and Bank of America Advantage Relationship Banking, Get More Rewards With Your Everyday Banking, Merrill Edge, Merrill Lynch, Keep The Change, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.
