Bank of America currently offers 3 different savings account options: Explore our savings account options for an in-depth description of each of account. The minimum opening deposit is $25. 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 Bank of America Checking Account Fees. Equal Housing Lender new window. Bank of America Advantage Plus Banking®: This account is designed for individuals and students who want an account with a low minimum balance requirement. Min. Advantage SafeBalance: This setting has no overdraft fees - you can only spend what you have. Have Qualifying Direct Deposits. Please tell us where you bank so we can give you accurate rate and fee information for your location. The bank’s basic savings account, called the Bank of America Advantage Savings account, offers an APY of between 0.01% and 0.05%. endstream
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Bank of America offers one checking account with 3 settings. There is no monthly fee for minors under 18. Checking Accounts. It requires a $100 minimum deposit to open the account. The monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. Depending on what type of account you have, the checking account monthly maintenance fee can vary.. Bank of America has a few other checking options: Advantage Plus. The Bank of America Advantage Savings Account, previously the Bank of America Rewards Savings Account, provides an opportunity to save at Bank of America. or. Maintain a minimum daily balance of $1,500or more. 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. You can view all savings interest rates online. Bank of America offers three checking accounts – Core Checking, Interest Checking, and Safe Balance Banking each with a different monthly maintenance fee:. 1. Check any relevant boxes, then click Go to Application. 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. The $25 monthly fee is waived if you keep a balance of $10,000 in linked accounts or are enrolled in Preferred Rewards. These simple, no-frills accounts help customers put money aside and build their savings one step at a time. 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. 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 … The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website. 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 With the Advantage Plus account, you’ll have to pay a monthly maintenance fee of $12. The bank waives the $8 monthly maintenance fee on the savings account for customers who either maintain a daily balance of at least $500, link to a Bank of America Advantage … Bank of America Minor Savings accounts require a minimum of $25 to open, but no minimum balance to maintain the account. endstream
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Withdrawal Limit Fee. Bank of America, N.A. Minimum deposit of $100. No monthly maintenance fee for each statement cycle that you: Maintain a minimum daily balance of at least $500. Like Rewards Savings, withdrawals are limited to no more than six per month. 148 0 obj
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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 . 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. Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account … When you enroll in this program and make qualifying purchases with your Bank of America debit card, weâll (1) round up your purchase to the nearest dollar amount and (2) transfer the difference from your checking account to your savings account. Insufficient Funds Fee - Unlike overdraft, the NSF fee is charged when a payment is returned due to insufficient balance. There is an $8-per-month maintenance fee that is waived for the first 6 months for new account holders. 2. $5.00 Outside the U.S., plus any fee charged by the ATM's operator. Advantage Relationship. 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. Click Open now. How is interest paid on my savings account? Interest can be sent to you by check, or deposited into your Westamerica Bank checking or savings account. The minimum balance required for the Bank of America savings account is $500 per day. Bank of America ATM network and fees. , open. These ads are based on your specific account relationships with us. 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. 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. What other checking options does Bank of America offer?
Maintain a minimum daily balance of $1,500 or more; Bank of America Advantage Relationship Banking®: $25 waived for the following: Maintain a combined balance* of at least $10,000 or more in eligible linked accounts. Member FDIC. Bank Of America Savings Account Minimum With a $25 minimum deposit ($100 for Rewards Savings), anyone age 18 and over can open a savings account with BofA; those under 18 must open a joint account with their parent or guardian. Ways to make payments. • 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). Here's some practical information and a selection of convenient banking solutions Bank of America … Usually, the Bank of America charges a steep $12 monthly fee for the Advantage Plus Banking Account. Bank of America Additional Fees & Charges Overdraft Fee - $35 per overdraft across all accounts except Advantage SafeBalance. $2.50. 0.01% APY (up to 0.05% if enrolled in Preferred Rewards). 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"�
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Bank of America’s Advantage Savings has a minimal APY. Interest begins to accrue on the day the account is processed, not the day the application is submitted. Advantage Savings: $500 minimum daily balance; Advantage Plus: $1,500 minimum daily balance; Advantage Relationship: combined balance of $10,000; 2. The Advantage SafeBalance checking account requires a minimum deposit of $25 to open. The Advantage Relationship checking account comes with a Bank of America Visa debit card to use almost anywhere. Verify your identity in the app now to sign in to Online Banking. Advantage Plus Banking: The minimum opening deposit for this setting is $100. Bank of America Advantage Relationship Banking A checking account that earns interest. The application will be processed at the interest rate that was effective on the day that the application was submitted. The Bank of America Advantage Savings account requires a $100 opening deposit. Certificate of Deposit. What type of savings accounts does Bank of America offer? Minimum opening deposit: $100 Bank of America Advantage Plus Fees. No ATM fee. Students under age 24 are eligible for waiver of this fee while enrolled in high school, college or a vocational program. Y�w������0-�'�r2.�9:����pk�p�FYzRM�J��%_��T׳Y�n�z6���' In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. If you're enrolled in this security feature, we sent a notification to your registered device. Suntrust Bank Savings Alternatives Bank of America Advantage Banking is a flexible checking account for your changing needs. 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