Bank · FDIC insured
Bank of America Savings Rates
Bank of America’s best savings rate is 0.04% APY on $10,000, with its Bank of America Advantage Savings. Rates checked October 22, 2026.
How Bank of America’s savings rates compare
Compared with banks and credit unions near New York, NY-NJ, where Bank of America has the most branches. $10,000, best rate first.
This bank’s best
Bank of America
0.04%APY
- Requires
- None
- Minimum
- $100
- Earns on $10,000 a year
- $4
Bank of America Advantage Savings
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
HSBC USA
4.40%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $440
Bank of America savings score
60
Savings score
Higher than 2% of U.S. banks and credit unions
By balance
- $1,000 balance$1,0000.04%
- $10,000 balance$10,0000.04%
- $100,000 balance$100,0000.04%
- QualifiedQualified0.04%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Bank of America ranks
By savings score, in each area where it has branches
- #163 of 173New York-Newark-Jersey City, NY-NJ metro337
- #132 of 136Los Angeles-Long Beach-Anaheim, CA metro270
- #70 of 77Miami-Fort Lauderdale-West Palm Beach, FL metro155
- #108 of 114Washington-Arlington-Alexandria, DC-VA-MD-WV metro121
- #130 of 135Dallas-Fort Worth-Arlington, TX metro119
- #146 of 151Chicago-Naperville-Elgin, IL-IN metro118
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Bank of America Advantage Savings
0.04%APY
Variable rate savings account. $8.00 monthly maintenance fee waived for the first 6 months for new accounts; thereafter waived by maintaining a minimum daily balance of $500 or more, owning a Bank of America Advantage Relationship Banking account, having an account owner under age 25, or being enrolled in BofA Rewards at Preferred Plus, Preferred Honors, or Premier tier. No Overdraft Item Fees. Paper check writing is not permitted. Online new account opening limit is $250,000.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceStandard rate for balances less than $5,000. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | $4 | Standard rate for balances less than $5,000. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $5,000 – $9,999Standard rate for balances $5,000 - $9,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | — | Standard rate for balances $5,000 - $9,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $10,000 – $24,999Standard rate for balances $10,000 - $24,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | $4 | Standard rate for balances $10,000 - $24,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $25,000 – $49,999Standard rate for balances $25,000 - $49,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | — | Standard rate for balances $25,000 - $49,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $50,000 – $99,999Standard rate for balances $50,000 - $99,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | — | Standard rate for balances $50,000 - $99,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $100,000 – $499,999Standard rate for balances $100,000 - $499,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | — | Standard rate for balances $100,000 - $499,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $500,000 – $2,499,999Standard rate for balances $500,000 - $2,499,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | — | Standard rate for balances $500,000 - $2,499,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $2,500,000 – $9,999,999Standard rate for balances $2,500,000 - $9,999,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | — | Standard rate for balances $2,500,000 - $9,999,999. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
| $10,000,000 and upStandard rate for balances $10,000,000 and over. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). | 0.04% | — | Standard rate for balances $10,000,000 and over. Variable rate. Applicable to Western North Carolina. $8.00 monthly fee with waiver options ($500 minimum daily balance, owner under 25, Advantage Relationship Banking, or qualifying BofA Rewards tier; fee waived first 6 months for new accounts). |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.