The interest rate indicated is for the 'regular savings account' product. The rate is for all balances. The Monthly service charge may require a minimum balance to not incur a charge. The rate of 0.03% is 0.61% lower than the average 0.64%. Bank Of America Savings Account Interest Rate BofA offers a relatively low annual percentage rate (APR) of just 0.01% on its regular savings account. So until interest rates rise, most of the savings gains BofA's customers will make from other accounts. For instance, CIT bank currently offers 1.75% APR on its savings account. Bank of America offers 3 types of savings accounts: the Rewards Money Market Savings Account, the Regular Savings Account and the Custodial Savings Account. Bank of America Savings Account Interest Rates. Account Details APY Updated; Bank of America Savings Account: 0.03%. Feb, 2020.

Have some questions on savings accounts at Bank of America? Find answers to your frequently asked questions about savings accounts with Bank of America. Get answers on interest rates, minimum balances, earning interest, and more. Bank of America Savings Account Maintenance Fee. This savings account does have a $8 monthly maintenance fee, which is a bit high compared to some savings accounts that have no monthly maintenance fee. This account bears a $35 overdraft fee and returned item fee, as well as a $12 deposited item returned fee. Once again, this account comes with a monthly fee that you should be able to skirt around in one of three ways: Keep at least $500 in this account. Link up your Bank of America Interest Checking® account. Enroll in the Preferred Rewards program and earn at least a Gold, Platinum or Platinum honors tier. The money you deposit in a bank savings account is covered by the FDIC up to $250,000 per account holder. State-chartered savings and cooperative banks in Massachusetts (many of which allow out-of-state accounts) provide additional unlimited insurance over that provided by the FDIC.

Have some questions on savings accounts at Bank of America? Find answers to your frequently asked questions about savings accounts with Bank of America. Get answers on interest rates, minimum balances, earning interest, and more.

Bank deposits, such as savings accounts and certificates of deposit, are FDIC insured up to acceptable limits and are offered through Bank of America, N.A., Member FDIC. ← back to content Bank of America charges no annual IRA custodial fee, however, fees and expenses are subject to change. However, it is important to be aware that BofA charges monthly fees for savings and checking accounts. They can range anywhere from $5 to $25. Fees can be avoided with some conditions; otherwise, monthly charges will dramatically decrease savings. Take a look at the comparison of major U.S. bank savings accounts below. The Bank of America Interest Checking® Account is one of many checking accounts that earn interest on your balance. This account earns at a 0.01% APY if your balance is below $50,000 This online bank raised its High Yield Savings Account rate to 1.30% APY recently. It’s not a big bump, but it’s better than nothing. The FDIC-insured accounts have no minimum monthly balance or service fee. You can withdraw money online or with an ATM card (though fees may apply). Bank of America offers two certificate of deposit (CD) account types, its Featured CD and Standard Term CDs. The Featured CD is a 12-month term while the Standard Term CDs range from one month to 120 months. You will have to meet a minimum deposit requirement for both accounts, with the Featured CD having a much higher requirement. The best savings interest rates can mean the difference between earning $200 or $10 in a year. Annual percentage yields, or APYs, at the best savings accounts are significantly higher than the national average of 0.09%, so you can grow your money faster without much effort on your part. With a rate of 2% APY,

Bank of America interest rates are generally low. Its Rewards Savings Account has a 0.03% annual percentage yield, or APY. There are slightly better rates available for customers enrolled in the bank’s Preferred Rewards program. While Bank of America’s overall star rating is 3.5 out of 5 stars, the Rewards Savings Account earns 3 out of 5 stars.

Bank of America savings account rates Let’s take a closer look at the rates offered by B of A’s savings accounts. The rates are for those living in California and could vary by state. The interest rate indicated is for the 'regular savings account' product. The rate is for all balances. The Monthly service charge may require a minimum balance to not incur a charge. The rate of 0.03% is 0.61% lower than the average 0.64%. Bank Of America Savings Account Interest Rate BofA offers a relatively low annual percentage rate (APR) of just 0.01% on its regular savings account. So until interest rates rise, most of the savings gains BofA's customers will make from other accounts. For instance, CIT bank currently offers 1.75% APR on its savings account. Bank of America offers 3 types of savings accounts: the Rewards Money Market Savings Account, the Regular Savings Account and the Custodial Savings Account. Bank of America Savings Account Interest Rates. Account Details APY Updated; Bank of America Savings Account: 0.03%. Feb, 2020. Bank of America interest rates are generally low. Its Rewards Savings Account has a 0.03% annual percentage yield, or APY. There are slightly better rates available for customers enrolled in the bank’s Preferred Rewards program. While Bank of America’s overall star rating is 3.5 out of 5 stars, the Rewards Savings Account earns 3 out of 5 stars. Have some questions on savings accounts at Bank of America? Find answers to your frequently asked questions about savings accounts with Bank of America. Get answers on interest rates, minimum balances, earning interest, and more.

Bank of America offers 3 types of savings accounts: the Rewards Money Market Savings Account, the Regular Savings Account and the Custodial Savings Account. Bank of America Savings Account Interest Rates. Account Details APY Updated; Bank of America Savings Account: 0.03%. Feb, 2020.

Grow your money with an online savings account. Ally Bank's high interest savings features a great rate and compounded daily interest. Bank of America, 0.03%, $7.50. Chase, 0.01%, $2.50. PNC Bank, 0.01%, $2.50. Wells Fargo, 0.01 %  17 Sep 2007 Bank of America now has their own high-yield savings account, though see a variety of checking/savings combos with different interest rates. 18 Apr 2017 When the Fed hikes rates, banks have been known to boost interest for on U.S. savings accounts and 0.05 percent on money market deposit 

Once again, this account comes with a monthly fee that you should be able to skirt around in one of three ways: Keep at least $500 in this account. Link up your Bank of America Interest Checking® account. Enroll in the Preferred Rewards program and earn at least a Gold, Platinum or Platinum honors tier.

Bank of America offers 3 types of savings accounts: the Rewards Money Market Savings Account, the Regular Savings Account and the Custodial Savings Account. Bank of America Savings Account Interest Rates. Account Details APY Updated; Bank of America Savings Account: 0.03%. Feb, 2020. Bank of America interest rates are generally low. Its Rewards Savings Account has a 0.03% annual percentage yield, or APY. There are slightly better rates available for customers enrolled in the bank’s Preferred Rewards program. While Bank of America’s overall star rating is 3.5 out of 5 stars, the Rewards Savings Account earns 3 out of 5 stars. Have some questions on savings accounts at Bank of America? Find answers to your frequently asked questions about savings accounts with Bank of America. Get answers on interest rates, minimum balances, earning interest, and more. Bank of America Savings Account Maintenance Fee. This savings account does have a $8 monthly maintenance fee, which is a bit high compared to some savings accounts that have no monthly maintenance fee. This account bears a $35 overdraft fee and returned item fee, as well as a $12 deposited item returned fee. Once again, this account comes with a monthly fee that you should be able to skirt around in one of three ways: Keep at least $500 in this account. Link up your Bank of America Interest Checking® account. Enroll in the Preferred Rewards program and earn at least a Gold, Platinum or Platinum honors tier. The money you deposit in a bank savings account is covered by the FDIC up to $250,000 per account holder. State-chartered savings and cooperative banks in Massachusetts (many of which allow out-of-state accounts) provide additional unlimited insurance over that provided by the FDIC.

5 Dec 2019 The Bank of America Rewards Savings account offers four ways to earn rewards and tiered interest rates. However, the interest rate is lower  30 Jan 2020 The rates are for those living in California and could vary by state. Account name, Interest rate, APY, Minimum deposit. Minor Savings Account  14 Feb 2020 BofA offers savings account interest rates comparable with other brick-and-mortar banks, which are lower than rates offered by many online  This article details the history of banking in the United States. Banking in the United States is The Bank of North America was granted a monopoly on the issue of bills of credit as currency at the national level. (gold and silver coins) and the states regulated the reserve requirements, interest rates for loans and deposits,  2 hours ago APRs on these accounts start lower than high-yield CDs rates, but you for 1- year CDs, American Express does not require an initial deposit. And it doesn't grow in savings accounts at big brick-and-mortar banks like Chase, Wells Fargo, and Bank of America either. Today the average interest rate  22 Jan 2020 Every bank offers its own interest rate on savings accounts, so it can be banks such as Bank of America and Wells Fargo offer lower average