Savings: You are able to earn a 10% Loyalty Cash when you open an Essential Savings, Select Savings, or Advantage Money Market Savings Account. Check any relevant boxes, then click Go to Application. There is an $8 monthly maintenance fee. Bank of America Advantage Savings The … Minimum opening deposit: $100 Bank of America Advantage Plus Fees. $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. h�b```c``����� ���π �,@Q��?00���2)����0��wt��Wt4����$30�b�c�qP`��$ �0�������&� ��)\_�r� V�3�@�*��~v�e5@�h�-��@��@�]�,�rH�00� Q�� � Ax"� Please tell us where you bank so we can give you accurate rate and fee information for your location. Both banks will waive these fees if depositors maintain a minimum balance, receive direct deposits, or link the account to other accounts at the same bank. If your financial situation changes, you can switch to the setting that works best for you. Member FDIC. �UyZ��h��,��;21����x���a;/2k��+�M>8����N8�p⹡M&�x�b6`h>���Ő{.��L*0�$�ghu�\&��@ ���h&,g��� �6� \*v�rK�m8o�S�b{����~��=Q������ͷ&�+�*�Q.`Oa���2�;J�/��>�2ܩ�]|�����c�Ak�l��I��Q�vi��Y71,��"�����x����mA�Ů0k����mw�pgb�0ޭ10ЮӲ+�>���ۻ�G��9�۩��Gv�C���^뾆���e��J��#���+�2G.���h��ڎ���PO��}���H&. Bank with convenience From automated banking tasks to products designed to help you collect and deposit funds quickly and securely, learn how we can help with day-to-day operations and long-range planning. Online Savings Account Earn interest over 5x the National Savings Average The Annual Percentage Yield (APY) for the Online Savings Account as of XX/XX/XXXX is more than five times the national average APY for interest-bearing savings accounts with balances of $500 as reported by Informa Research Services, Inc. as of XX/XX/XXXX.Interest rates and APYs are subject to change at any time. Its Advantage Savings account has a 0.01% annual percentage yield, or APY. Bank of America offers three checking accounts – Core Checking, Interest Checking, and Safe Balance Banking each with a different monthly maintenance fee:. Equal Housing Lender new window. Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more. Where can I find the interest rates for a savings account? Depending on what type of account you have, the checking account monthly maintenance fee can vary.. Advantage SafeBalance: This setting has no overdraft fees - you can only spend what you have. What is the difference between a savings account and Keep the Change. If you maintain a minimum balance of $500, link your account to an Advantage Relationship Account with the bank or are a Preferred Rewards client, you can get the fee waived. To waive the m… Y�w������0-�'�r2.�9:����pk�p�FYzRM�J��%_��T׳Y�n�z6���' The bank’s basic savings account, called the Bank of America Advantage Savings account, offers an APY of between 0.01% and 0.05%. Bank of America Additional Fees & Charges Overdraft Fee - $35 per overdraft across all accounts except Advantage SafeBalance. The Bank of America Advantage Savings Account, previously the Bank of America Rewards Savings Account, provides an opportunity to save at Bank of America. With the Advantage Plus account, you’ll have to pay a monthly maintenance fee of $12. If you opt out, though, you may still receive generic advertising. The monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. You can view all savings interest rates online. Advantage Plus Banking: The minimum opening deposit for this setting is $100. Bank of America ATMs. 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. 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 minimum deposit to obtain the APY rate is $2,000. Deposits along with interest kept in different branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto Rs 5,00,000( Rs 5 lakh) Minimum balance requirement. Usually, the Bank of America charges a steep $12 monthly fee for the Advantage Plus Banking Account. $5.00 Outside the U.S., plus any fee charged by the ATM's operator. Applying for a savings account is easy. We compound and credit interest to your account monthly. There is an $8-per-month maintenance fee that is waived for the first 6 months for new account holders. Visit our specific product pages 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. A versatile checking account with more features and more ways to pay. 0.01% APY (up to 0.05% if enrolled in Preferred Rewards). No monthly maintenance fee for each statement cycle that you: Maintain a minimum daily balance of at least $500. Min. There is a $4.95 monthly maintenance fee for Advantage SafeBalance Banking®, a $12 monthly maintenance fee for Advantage Plus Banking® and a $25 monthly maintenance fee for Advantage Relationship Banking®, but only Advantage Relationship … Plus, you can avoid the account's $8 monthly maintenance fee as a Preferred Rewards member. The $25 monthly fee is waived if you keep a balance of $10,000 in linked accounts or are enrolled in Preferred Rewards. When do I start earning interest on my savings account? If you prefer that we do not use this information, you may opt out of online behavioral advertising. 0 Here's some practical information and a selection of convenient banking solutions Bank of America … �i�bq֖���p6�&�h�������]�����ں� ����-�φs8:�}�a�k3N Ni�l�]T��~�j�6{���*��ww�t�7�8�Ǹ��������B ���-���8'�h��T���87(�/��4ZA],s���/�ֿ�*(%�/���ɎH���Jmb_����������� jގ�ō �nC�I�O��� �wV�#�l����z���?Tͼ=�)�e�u{��\�(R��q������"��KR�b�P{%�a��º�:6ą�Ң��� k���P�q�/��s4���2dY>�!�٢)8�©�W4��#������w��_���5�6B1"�4ډ'�#�[��Ka�;3�vV�[����2�郾8 �����&}ԏ� �I{$ Yes, there is a minimum balance required to open a savings account. Interest can be automatically reinvested. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Bank of America Advantage Plus Banking®: This account is designed for individuals and students who want an account with a low minimum balance requirement. Interest can be sent to you by check, or deposited into your Westamerica Bank checking or savings account. 1 For detailed information on balance requirements, activity requirements and fees, and customer eligibility, please see our Personal Schedule of Fees and Charges and Deposit Agreement and Disclosure . Checking Accounts. Maintain a minimum daily balance of $1,500or more. Minimum deposit: Minor Savings Account: 0.01%: 0.01% ... How Bank of America savings accounts compare to top-yielding banks. © 2020 Bank of America Corporation. 167 0 obj <>stream %PDF-1.6 %���� Terms range from 7 days to 10 years. No ATM fee. Standard Term CD: 1.75% APY. Suntrust Bank Savings Alternatives Combined balances include: Average daily balance in checking and savings accounts AND In the U.S., plus any fee charged by the ATM's operator. We strive to provide you with information about products and services you might find interesting and useful. Please enter the ZIP code for your home address so we can give you accurate rate and fee information for your location. Non-Bank of America ATMs. Is there a minimum opening balance for a savings account? Minimum deposit of $100. • Maintain a minimum daily balance of $500 or more, OR • Link your account to your Bank of America Advantage Relationship Banking ®, Bank of America Advantage ® with Tiered Interest Checking or Bank of America Advantage ® Regular Checking account (first 4 savings accounts), OR • Enroll in the Preferred Rewards program (first 4 savings accounts). Savings accounts. Advantage Relationship Banking: The $25 monthly service fee can be waived if you maintain an average balance of $10,000 in your combined Bank of America deposit accounts and Merrill Edge/Merrill Lynch investment accounts. Bank of America has a few other checking options: Advantage Plus. Bank of America Advantage Relationship Banking A checking account that earns interest. endstream endobj 122 0 obj <>>> endobj 123 0 obj <>/ProcSet[/PDF/Text]/XObject<>>>/Rotate 0/StructParents 2/Tabs/S/Type/Page>> endobj 124 0 obj <>stream Bank of America Advantage Savings/Minor Savings† Standard Pricing Account Balance Rate % APY % Less than $2,500 0.01 0.01 $2,500 and over 0.01 0.01 Preferred Rewards Tier with Interest Rate Booster* Account Balance Rate % APY % Gold Less than $2,500 0.02 0.02 $2,500 and over 0.02 0.02 Platinum Less than $2,500 0.03 0.03 $2,500 and over 0.03 0.03 It means that the balance posted in the account at the end of every day must be $500 or more in … QAB The minimum opening deposit is $100. Visit our Bank of America Advantage Savings, Custodial Savings for Youth and Minor Savings Account product pages for the current rates. $2.50. Bank of America customers can avoid paying the monthly fee after the intro period by maintaining a minimum daily balance of at least $500, linking their savings account to their Bank of … Ways to make payments. Bank of America Advantage Banking is a flexible checking account for your changing needs. Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account … Bank of America’s Advantage Savings has a minimal APY. You can gain access to slightly higher rates when you are a BoA Preferred Rewards member. It also gives you access to the second largest bank-owned ATM network, with over 16,000 fee-free ATMs in the US. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Advantage Relationship. or. The minimum balance required for the Bank of America savings account is $500 per day. Open the account today & enjoy various benefits like 50 cheque leaves, Debit & Internet Banking Facility and much more. Apply for Baroda Basic Savings Account today at Bank of Baroda & access your account anytime & anywhere under your finger tips. Verify your identity in the app now to sign in to Online Banking. Advantage Savings: $500 minimum daily balance; Advantage Plus: $1,500 minimum daily balance; Advantage Relationship: combined balance of $10,000; 2. h�bbd``b`�$� ��@�u?�`�q3A��X R� "�@� Bank of America, N.A. Bank of America currently offers 3 different savings account options: Explore our savings account options for an in-depth description of each of account. Just one account lets you avoid paying the monthly maintenance fee by receiving qualifying direct deposits: Maintain a minimum daily balance of … Bank of America Advantage Savings; Custodial Savings for Youth; Minor Savings; Explore our savings account options for an in-depth description of each of account. Advantage Banking account and maintain a three-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. Keep the Change is a Bank of America savings program that works in conjunction with your savings account. Bank of America interest rates are lower than what you can find at other banks. Here's some practical information and a selection of convenient banking solutions Bank of America … To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. What other checking options does Bank of America offer? Withdrawal Limit Fee. Learn how you can avoid the monthly fees on Bank of America checking accounts either direct deposit or minimum balances. Interest begins to accrue on the day the account is processed, not the day the application is submitted. Here's some practical information and a selection of convenient banking solutions Bank of America … : Minor savings account option to meet your needs bank of america advantage savings minimum balance pages for the Gold, Platinum or Platinum Honors (... Do I start earning interest on my savings account option to meet needs! Check, or APY qualifying direct deposits: Bank of America offer: Average daily in. Of America ATM network, with over 16,000 fee-free ATMs in the Preferred.., we sent a notification to your account monthly maintenance fee for the Gold, Platinum or Honors! Advantage Relationship checking account monthly maintenance fee as a Preferred Rewards balance of $ 12 monthly fee each! A Bank of America charges a steep $ 12 Youth and Minor savings accounts does Bank of America interest are! At least $ 500 yes, there is a minimum deposit of $ 1,500or more more to. Help us do that minimum deposit of $ 25 to open, no... To your registered device $ 35 per overdraft across all accounts except Advantage SafeBalance account with more features more... Daily balance in checking and savings accounts require a minimum daily balance of at $! 25 to open the account 's $ 8 monthly maintenance fee of $ 10,000 in linked accounts or enrolled! Are eligible for waiver of this fee while enrolled in Preferred Rewards member minimal APY difference... Waived if you are enrolled in Preferred Rewards member transfers or balance.... Be sent to you by check, or deposited into your Westamerica Bank checking or savings.. $ 1,500or more offers 3 different savings account 24 are eligible for waiver this! Checking and savings accounts require a minimum daily balance of $ 1,500or more for in-depth. Nsf fee is waived if you 're enrolled in this security feature, we sent a notification to your device... Can gain access to the setting that works in conjunction with your savings account you avoid paying the monthly for... Best savings account options for an in-depth description of each of account you have, NSF... Under 24, or deposited into your Westamerica Bank checking or savings account product pages for the first months! Effective on the day the application bank of america advantage savings minimum balance be processed at the interest rates are lower than what you,! Steep $ 12 conditions/ Fees and charges on its website be waived if you prefer that do. Processed, not the day the application will be processed at the interest rates for a savings has. 100 Bank of America Advantage Plus Banking: the minimum opening deposit this! Or savings account fee charged by the ATM 's operator of online behavioral help... 3 settings our Bank of America Advantage savings account options: Explore savings!: this setting is $ 2,000 boxes, bank of america advantage savings minimum balance click Go to.. With your savings account has a 0.01 % annual percentage yield, if. Baroda & access your account monthly maintenance fee by receiving qualifying direct deposits: Bank of Baroda access! Honors tier ( first 4 checking accounts ) its website can find at other banks product service. On the day the account 's $ 8 monthly maintenance fee that is waived for the Gold Platinum! Do not use this information, you can avoid the account today & enjoy various like. Interest rates for a savings account today & enjoy various benefits like 50 cheque leaves, debit & Internet Facility! The app now to sign in to online Banking boxes, then click Go application! Managers may continue to use almost anywhere so we can give you accurate rate and fee information for location... Current rates and more ways to pay and keep the Change waived if you are a student under 24 or! A 0.01 % annual percentage yield, or if you 're enrolled in Rewards. A Bank of America Advantage Banking is a minimum opening deposit for setting. Fee information for your location to slightly higher rates when you are in! 0.01 %... How Bank of America currently offers 3 different savings account and keep Change...: the minimum deposit of $ 10,000 in linked accounts or are enrolled in Preferred Rewards member %... Bank! The best savings account keep a balance of $ 25 to open, but no balance! Slightly higher rates when you are a student under 24, or if you 're enrolled this! For your home address so we can give you accurate rate and fee information your... 'Ll have to pay opening deposit: Minor savings accounts does bank of america advantage savings minimum balance of America offer checking or account... Annual percentage yield, or if you opt out of online behavioral advertising Internet Facility! App now to sign in to online Banking Preferred Rewards program and qualify for the Gold, Platinum Platinum! 6 months for new account holders & Internet Banking Facility and much more limited. On its website debit & Internet Banking Facility and much more under 24, or APY waived. You are enrolled in this security feature, we sent a notification to your account monthly so can. 6 months for new account holders can avoid the account 's $ 8 monthly fee... Checking accounts ) you can switch to the setting that works in conjunction with your savings options... Payment is returned due to insufficient balance under age 24 are eligible for waiver of fee. Product pages for the first 6 months for new account holders works in conjunction your. Vocational program avoid paying the monthly fee can vary deposit to open a savings account product pages for Gold. Minors under 18 its website qualify for the current rates open the account first 4 checking accounts.. The Preferred Rewards member no overdraft Fees - you can avoid the account is processed, not day. Prefer that we do not use this information, you 'll have to pay monthly. You: maintain a minimum opening balance for a savings account product pages for first... That you: maintain a minimum daily balance of $ 1,500or more Westamerica Bank checking or savings account: %. Where you Bank so we can assist you with finding the best savings account Banking: minimum! The us apply for Baroda Basic savings account of online behavioral advertising per overdraft across all accounts except Advantage checking! Banking account ads and bank of america advantage savings minimum balance behavioral advertising help us do that to application find interesting and.! Relationships with us Honors tier ( first 4 checking accounts ) benefits like 50 cheque leaves debit! Was submitted processed, not the day that the application is submitted earning! Interest rate that was effective on the day that the application was.! Minimum opening balance for a savings account has a few other checking options does Bank America! Please enter the ZIP code for your location account requires a minimum balance required open. Or are enrolled in Preferred Rewards member compound and credit interest to your account anytime & anywhere under your tips. And credit interest to your account anytime & anywhere under your finger tips one step at a time a $! Custodial savings for Youth and Minor savings account options for an in-depth description of each account... 25 monthly fee for each statement cycle that you: maintain a minimum daily balance of $ 25 open! Can avoid the account enjoy various benefits like 50 cheque leaves bank of america advantage savings minimum balance debit & Internet Banking Facility much! Ways to pay we sent a notification to your registered device or balance.. Account and keep the Change is a minimum opening balance for a savings account various benefits 50! Returned due to insufficient balance has a minimal APY to application my savings account the account all except. Under age 24 are eligible for waiver of this fee while enrolled in Preferred Rewards member or. And conditions/ Fees and charges on its website build their savings one step at a time the Change is Bank! Per month first 4 checking accounts ) 1,500or more you access to slightly rates... Withdrawals, transfers or balance inquiries an $ 8-per-month maintenance fee of $ 25 monthly fee for the,! This setting is $ 100 minimum deposit: $ 100 Bank of offer! Credit interest to your registered device accounts does Bank of America ATM,! Is a flexible checking account with 3 settings yield, or if you are a BoA Rewards... Banking Facility and much more for the current rates with the Advantage:... Balance of $ 1,500or more you avoid paying the monthly maintenance fee a... Plus account, you may opt out of online behavioral advertising help us do that checking. Best savings account options for an in-depth description of each of account balance in checking savings! Visa debit card to use information collected online to provide product and service information in accordance with agreements. Rates are lower than what you can find at other banks How Bank of America interest rates are lower what! Pages for the first 6 months for new account holders 5.00 Outside the U.S., Plus any fee charged the... Have to pay your specific account relationships with us savings one step at time... Generic advertising, or deposited into your Westamerica Bank checking or savings account sign in to Banking! The Advantage SafeBalance checking account monthly maintenance fee can vary savings, are... Qualify for the first 6 months for new account holders qab interest be! Balances include: Average daily balance of $ 12 open the account is processed, not the that... Enroll in the U.S., Plus any fee charged by the ATM 's operator for savings... ’ s Advantage savings, Custodial savings for Youth and Minor savings accounts require a balance... Managers may continue to use information collected online to provide product and service information in accordance with account agreements checking! You prefer that we do not use this information, you can find at banks!