Whether you're new to saving or an experienced saver, you can enjoy a wide-range of benefits with a Bank of America Advantage Savings account
Easily transfer money from your checking account to build your balance.
Enroll in our Keep the Change® savings program and we'll round up the difference when you make everyday purchases with your Bank of America debit card and transfer the difference from your checking account to your savings accountadatext
Use it as a linked backup account to help cover your payments and purchases through Balance Connect® for overdraft protectionadatext. Fees may apply. Please refer to your Personal Schedule of Fees for more information.
Rates & Fees
Rates & Fees , open
Bank of America Advantage Savings Account
Account balance amount
Standard Annual Percentage Yield (APY)adatext
Preferred Rewards clients get extra interest based their relationship tier.
How to qualifylayer
Bank of America Advantage Savings Account
Account balance amount
Standard Annual Percentage Yield (APY)adatext
Preferred Rewards clients get extra interest based their relationship tier.
To enroll in Preferred Rewards you need an eligible Bank of America® personal checking account and a 3-month average combined balance of $20,000 or more in qualifying Bank of America® banking accounts and/or Merrill Edge® and Merrill Lynch® investment accounts. Learn more about Preferred Rewards
Monthly Fee
We'll waive the monthly maintenance fee each statement cycle you meet one of the following:
Maintain a minimum daily balance of $XXXX or more in your account
OR
Ask us to link your Advantage Savings account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with Tiered Interest Checking or Bank of America Advantage® Regular Checking Accounts (first 4 savings accounts)
OR
Are enrolled in the Preferred Rewards program and qualify for the Gold, Platinum or Platinum Honors tier (first 4 savings accounts) or Diamond or Diamond Honors tier (unlimited)
OR
An owner of this account is under the age of 25*
OR pay $XXXX/month
Please see the Personal Schedule of Fees for more information on how to link eligible accounts to avoid the Monthly Maintenance Fee.
*Fiduciary accounts, including UTMA/UGMA, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee
For new accounts, we will waive the monthly maintenance fee for six months from account openingadatext
Required Opening Deposit
$XXXX
Monthly Fee
Required Opening Deposit
We'll waive the monthly maintenance fee each statement cycle you meet one of the following:
Maintain a minimum daily balance of $XXXX or more in your account
OR
Ask us to link your Advantage Savings account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with Tiered Interest Checking or Bank of America Advantage® Regular Checking Accounts (first 4 savings accounts)
OR
Are enrolled in the Preferred Rewards program and qualify for the Gold, Platinum or Platinum Honors tier (first 4 savings accounts) or Diamond or Diamond Honors tier (unlimited)
OR
An owner of this account is under the age of 25*
OR pay $XXXX/month
Please see the Personal Schedule of Fees for more information on how to link eligible accounts to avoid the Monthly Maintenance Fee.
*Fiduciary accounts, including UTMA/UGMA, do not qualify for the under the age of 25 requirement to waive the monthly maintenance fee
For new accounts, we will waive the monthly maintenance fee for six months from account openingadatext
$XXXX
To view all fees and additional information on how to link eligible accounts, see the Personal Schedule of Fees. You can also refer to our Clarity Statement or Deposit Agreement and Disclosures for additional information.
Where can I find my offer code?
Not all offers require an offer code. If you received an offer code in the mail/email or at a Bank of America event, it will be prominently displayed. Enter your code here.
Go to Application
Go to Application
Access a saved application
What you'll need to apply:
Name, date of birth, Social Security number (all applicants)
Phone number and email address
Physical U.S. address (no PO boxes)
Depending on various factors, we may also ask for a U.S. driver's license or state ID card during your application.
Verifying your identity:
If we can't verify your identity online, we'll need to see two forms of IDlayer at a financial center to open an account. Examples of when this may happen:
You've had issues with your checking history
You have limited credit/work history in the U.S.
You (or your co-applicant) are under age 16
Prefer to apply at a financial center? Schedule an appointment
We take your privacy and security seriously. That's why we may ask to see you at a financial center to verify two forms of ID.
Accepted forms of ID
You'll need one primary and one secondary ID per applicant.
Your primary ID is a government-issued photo ID like a U.S. driver's license, learner's permit, state ID card or passport.
Your secondary ID can include a student or work ID, proof of insurance, or bank card from another financial institution.
Contact us
Schedule an appointment
Schedule an appointment
Call us
Phone number:866.698.1752
By clicking \"Continue\", you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites.
You can close this window to return to the previous page, or you can close the new window after you leave.
Important notice: you are now leaving Merrill
By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites.
You can click the Cancel button now to return to the previous page, or you can close the new window after you leave.
It's possible that the content, applications and other documents related with specific products and services on that page may only be available in English. Before choosing a product or service, please make sure you have read and understood all terms and conditions provided.
You're continuing to another website that Bank of America doesn't own or operate. Its owner is solely responsible for the website's content, offerings and level of security, so please refer to the website's posted privacy policy and terms of use.
Loading . . .
Está a punto de entrar a un sitio web cuya propiedad o administración no pertenecen a Bank of America. El propietario del sitio es el único responsable del contenido, los productos y servicios ofrecidos, y el nivel de seguridad del sitio web, por lo que debe consultar la política de privacidad y los términos de uso publicados en el sitio. Es posible que la información proporcionada en el sitio web esté disponible solo en inglés.
Es posible que el contenido, las solicitudes y los documentos asociados con los productos y servicios específicos en esa página estén disponibles solo en inglés. Antes de escoger un producto o servicio, asegúrese de haber leído y entendido todos los términos y condiciones provistos.
Está a punto de entrar a un sitio web cuya propiedad o administración no pertenecen a Bank of America. El propietario del sitio es el único responsable del contenido, los productos y servicios ofrecidos, y el nivel de seguridad del sitio web, por lo que debe consultar la política de privacidad y los términos de uso publicados en el sitio. Es posible que la información proporcionada en el sitio web esté disponible solo en inglés.
Bank of America Advantage Plus has a $100 minimum opening deposit and a $12 monthly maintenance fee which can be waived if you do one of the following: Make at least one qualifying Direct Deposit of $250 or more. Maintain a minimum daily balance of $1,500 or more.
The Bank of America Advantage Plus Banking® account comes with many common checking account fees, such as a $12 monthly fee and an overdraft fee of $10 per item. You can waive the monthly fee by meeting one of these requirements each statement cycle: Have at least one qualifying direct deposit of $250.
Online banks make the customer experience pretty seamless. It takes less time to open an account online than it does inside a branch. Online banks make it easy to transfer money into and out of your accounts — and many come with apps that allow you to do your banking on a mobile device, such as a smartphone.
Offers the same payment methods as Advantage SafeBalance, plus the option of paper checks. $12 monthly fee that can be avoided with one direct deposit of at least $250 each month, a $1,500 average balance or a combined minimum of $20,000 in Bank of America banking and investment accounts.
each month You can avoid the Monthly Maintenance Fee when you meet ONE of the following requirements during each statement cycle: • Maintain a minimum daily balance of $500 or more in your account, OR • Ask us to link your account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with ...
A $12 monthly fee applies to the Advantage Plus account, but it can be waived if you: Maintain a $1,500 minimum daily balance. Have at least one eligible direct deposit of at least $250. Enroll in BofA's Preferred Rewards program.
Bank of America's checking accounts are only “free” if you meet certain qualifications. Again, to avoid Bank of America's Advantage Plus accounts' $12 monthly maintenance fee, you'll have to meet one of several requirements, such as maintaining a $1,500 daily minimum balance.
You can apply for most checking accounts online if you're 18 or older by going to the bank's website and filling out the application. The application will ask for basic information about yourself as well as submitting some documents for verification.
Don't worry—while it can be more difficult, it is not impossible to get approved for a new bank account with bad credit. A bad credit score is considered a VantageScore® of 600 or lower and a FICO® score of 670 or lower.
You get your first job. Whether full-time or part-time, your first job means income that you'll want to keep secure. A checking account offers a safe way to pay bills, make purchases and have your paycheck direct deposited to your account. You're starting college.
Bank of America's Advantage Plus Banking is best for those who want to write checks and like banking at physical branches. This no-frills checking account offers a handful of ways to access your money, and you can sign up for Balance Connect, BofA's overdraft protection service.
Bank of America Advantage SafeBalance Banking is a “checkless” checking account, which means users cannot write personal paper checks. Account holders can send and receive money to others via Zelle®, which is integrated into BoA's Mobile Banking app.
You'll be charged an $8 monthly maintenance fee, unless you meet one of Bank of America's listed criteria, such as maintaining a minimum balance of $500 or linking to Bank of America Advantage Relationship Banking®.
Bank of America's Advantage Plus Banking is best for those who want to write checks and like banking at physical branches. This no-frills checking account offers a handful of ways to access your money, and you can sign up for Balance Connect, BofA's overdraft protection service.
Fees. The Bank of America Advantage Savings account requires a $100 opening deposit, which is on the higher end for brick-and-mortar savings accounts. There is an $8-per-month maintenance fee that is waived for the first six months for new account holders.
Introduction: My name is Greg O'Connell, I am a delightful, colorful, talented, kind, lively, modern, tender person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
