Make 2 eligible direct deposits of at least $250 in the first 90 days … To start saving, you need to have a Bank of America checking account with a debit card, as well as a Bank of America savings account. The $25 monthly fee is waived if you keep a balance of $10,000 in linked accounts or are enrolled in Preferred Rewards. Fill in all personal … Bank of America Savings Account Interest Rates. With that feature, Bank of America will automatically transfer funds from other linked savings or checking accounts to cover a purchase. Eligible account: Advantage Checking; Credit Inquiry: Soft Pull; Where it’s available: Nationwide; How to earn it: Open a new Bank of America Advantage Account by June 30, 2021. It offers online and mobile banking, overdraft protection, and the Keep the Change savings program. You can open the Bank of America Advantage Relationship checking account online, by phone or at a branch: Online. The Child Savings account is fairly self-explanatory, allowing parents to save now for their child’s future. Toggle navigation. Scroll down and click Advantage Relationship, then Open now. Maintain the qualifying deposits in your savings account for 90 days following enrollment in this offer to receive $200 bonus. This account provides tiered interest rates that grow with your relationship with the bank… As you can see, the annual percentage yield the bank offers is low compared with the national rate of 0.09% APY. Both of these savings accounts have the same interest rate, at 0.01% APY. The Bank of America $500 Savings Bonus is somewhat difficult to earn in that first you must be targeted … Bank of America’s Advantage Savings account comes with an $8 monthly maintenance fee. Extra interest on a Bank of America Advantage Savings account; 25%-75% Rewards Bonus4 on eligible Bank of America® credit cards; Preferred pricing with Merrill Guided Investing account; Monthly maintenance fee waivers on your first 4 checking and savings accounts; Regular Savings: $5 monthly maintenance fee, can be waived with the following: Maintain a minimum daily balance of at … In addition to the current promotion from Bank of America, you can also take advantage of a range of … The bank charges a monthly service fee of $8 unless you maintain a minimum daily balance of $500 or more within a statement cycle, connect your Rewards Savings account to a Bank of America Advantage Relationship Banking account or sign up for Preferred Rewards. It requires a $100 minimum deposit to open the account. Account Fees. Bank of America Advantage Relationship Banking A checking account that earns interest. Customers can jump through several hoops to secure higher rates, but they top out at 0.05% . You can avoid the Bank of America Advantage Plus Banking Monthly Maintenance Fee, when you do ONE of the following each statement cycle: • Make at least one qualifying Direct Deposit of $250 or more • Maintain a minimum daily balance of $1,500 or more, OR • Enroll in the Preferred Rewards program (first 4 checking accounts) Regards, Jhezelyn The Bank of America Advantage Savings account encourages you to save with a number of ways to automate your money and earn rewards. If you prefer to do your banking in person, Bank of America has branches in 37 states compared to Chase‘s 26. Bank of America Savings … Banking . By: Tony P. | Last Updated: January 13, 2021 | This content is not provided or commissioned by the bank, credit card issuer, hotel, airline, or other entity. So as you can see, the public offer from Bank of America is OK but nothing noteworthy. Bank of America also imposes a withdrawal fee of $10 should you go over the six savings withdrawals it permits per month. When you open a Bank of America Advantage Account ... Open or maintain an eligible Bank of America personal savings account (Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) are not eligible for this offer). The material provided on this website is for informational use only and is not intended for financial, tax or investment advice. Bank of America $100 Advantage Checking Account Offer. Slightly higher interest rates. To avoid paying the $25 monthly maintenance fee, enroll in Preferred Rewards, or meet the minimum balance requirements. The Bank of America Advantage Savings account requires a $100 opening deposit. You can earn up to 0.06% APY with a Platinum Honors as a Preferred Rewards member. Best Products. ... Bank of America US Bank; SPECIAL OFFER Advantage Plus Banking Checking Account - $100 Bonus - Learn More Benefits and Features; Savings: 0.01% APY (up to 0.05% if enrolled in Preferred Rewards). IRAs. Scroll down and click Advantage SafeBalance, then Open now. Bank of America Advantage Savings The more you save, the higher your APY. Bank of America has both the advantages and drawbacks inherent to its role as one of the world’s largest banks. Bank Of America Savings Account Advantages Even with its extremely low APR, Bank of America's savings account is a convenient and popular choice among Bank of America customers. The Bank of America Advantage Savings Account, previously the Bank of America Rewards Savings Account, provides an opportunity to save at Bank of America. Plus, you can avoid the account's $8 monthly maintenance fee as a Preferred Rewards member. Bank of America and/or its affiliates, and Khan Academy, assume no liability for any loss or damage resulting from one’s reliance on the material provided. In the past, the Bank of America savings account bonus was an added incentive to take advantage of an already attractive account option with one of the largest banks in the country. Like Bank of America, it has grown into a global bank. There is an $8-per-month maintenance fee that is waived for the first 6 months for new account holders. Bank of America checking & savings accounts. Close Disclaimer. There is an $8 monthly maintenance fee. Go to the provider’s site and follow the steps to apply. Instead, they offer three tiers of their “Bank of America Advantage Banking” account. Wells Fargo offers customer service around-the-clock and a larger variety of checking and savings accounts than Bank of America. BofA has slightly higher APRs, with CDs capped at 2.10% and savings accounts up to 0.06%. Bank of America no longer has a standard checking account. Wells Fargo . Within 30 days of enrolling, make qualifying deposits of $20,000 - $49,999. Add a savings account or click Go to application. From the Bank of America website, click Checking, then Explore checking solutions. Link your Rewards Savings account to your Bank of America Advantage Relationship Banking™ account (waiver applies to first 4 savings accounts) When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts) Author’s Verdict. Below is all the information and details you need to earn your Bank of America $500 Checking Savings Bonus!. Bank of America is offering targeted consumers in many states a chance to earn $500 bonus with a new checking and savings account and meeting certain requirements. Customers have one savings account option: Bank of America Advantage Savings. Learn more about your checking and savings options from Bank of America. Clients with an eligible Bank of America business checking account, and a three-month average combined balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill Edge or Merrill Lynch business investment accounts, can now enroll in Business Advantage Relationships Rewards by visiting a Bank of America financial center or calling 888.287.4637. One way to … Bank of America Advantage Relationship Banking – $100 opening deposit, ... You can pair a Chase Savings account too for an extra $150, though that requires $10,000 in new money. Bank of America's Keep the Change is a way for you to save some money while spending it! Opinions expressed here are the author’s alone and have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. You can gain access to slightly higher rates when you are a BoA Preferred Rewards member. Wells Fargo opened its first branch in San Francisco in 1852 amid the California gold rush. Savings accounts. The bank’s basic savings account, called the Bank of America Advantage Savings account, offers an APY of between 0.01% and 0.05%. You’ll get the safety and security of the second-largest bank in the US, along with the convenience of its comprehensive branch and ATM networks. Then, simply enroll your Bank of America debit card in the savings program, and use the card for purchases. Bank of America’s Advantage Savings has a minimal APY. Enroll in this limited-time special cash offer in your local Bank of America center by December 31, 2018. Advantage Savings Account: 0.03% APY, $8 Monthly Service Fee that can be waived if you maintain a daily balance of at least $500 OR link this account to a Bank of America Relationship Banking TM account OR when you are a Bank of America Preferred Rewards client. Disclaimer. There are two types of savings accounts at Bank of America: Advantage Savings and Child Savings. You can also avoid this fee by maintaining … They also offer a student banking account. You can open the Bank of America Advantage SafeBalance Banking account online, by phone or at a branch: Online. This offer is valid to new and existing Bank of America savings account customers. Advertiser Disclosure. Bank of America’s Advantage Savings has an unimpressive 0.01% annual percentage yield. Bank of America offers more options for IRA, and doesn’t offer an option to open one directly. If plenty of locations, one-stop convenience and online security are high on your list of priorities, Bank of America may be a good choice for you. Sponsors of . Please enter the text to be searched. If, on the other hand, you want free, no-fee checking or savings, and better interest rates you may want to look elsewhere. Plus, you’ll qualify for BankAmeriDeals and Keep the Change. Bank of America Minor Savings … If you're enrolled in this security feature, we sent a notification to your registered device. Bank of America offers savings accounts, CDs and IRAs. More From Your Money. Go to the provider’s site and follow the steps to apply. From the Bank of America website, click Checking, then Explore checking solutions. Add a savings account or click Go to application. Verify your identity in the app now to sign in to Online Banking. $8 monthly maintenance fee, unless you have 1) daily balance … This Bank of America Reviews can help you decide if it's the right place for your money. Bank of America Advantage Relationship Banking: Choose this option if you maintain higher balances and want to have multiple accounts with the same bank. How Bank of America savings accounts compare to top-yielding banks. Number of ways to automate your money and earn Rewards accounts up to 0.06 % deposits of 20,000! 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