Bank Of America Savings Account Interest Rate : BOA Saving Account Login

Bank Of America Savings Account Interest Rate : BOA Saving Account Login

Bank of America offers savings solutions to help meet your goals. Consider the following savings options:

  • Bank of America Advantage Savings
  • Bank of America Certificate of Deposit (CD)
  • Bank of America Individual Retirement Account (IRA)

How can I open an account?

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.
The Best Savings Accounts Rates of 2022 | MyBankTracker
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Applying for a savings account is easy. Visit our Bank of America Advantage Savings page for more details.

You can also schedule an appointment with an associate at your local financial center for a day and time that work best for you. We can assist you with finding the best savings account option to meet your needs.

Bank Of America Savings Account Interest Rate :

Bank of America has just one savings account: Advantage Savings. The base APY is 0.01%, but if you’re eligible and enroll for the Preferred Rewards program, you can earn up to 0.04%.

Interest begins to accrue on the day the account is processed, not the day the application is submitted. The application will be processed at the interest rate that was effective on the day that the application was submitted.

Keep the Change is a Bank of America savings program that works in conjunction with your savings account. When you enroll in this program and make qualifying purchases with your Bank of America debit card, we’ll (1) round up your purchase to the nearest dollar amount and (2) transfer the difference from your checking account to your savings account.

Rates

Today’s rates

Account balance Standard Annual Percentage Yield (APY)
Less than $2,500 0.01%
$2,500 and over 0.01%

Preferred Rewards members can earn even more. How to qualify layer

Gold Tier APY Platinum Tier APY Platinum Honors Tier APY
0.02% 0.03% 0.04%
0.02% 0.03% 0.04%

Deposits are FDIC-insured, and you can withdraw your money when you want—in some cases with an ATM card. Note: There may be limits on the number of transactions permitted. Some accounts have maintenance fees, though they may be waived under certain conditions.

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