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En español

Overview
Managing spending
Saving
Credit & debt management
Merrill Investing
Goal management

Overview
Managing spending
Saving
Credit & debt management
Merrill Investing
Goal management

En español

Saving

What are you saving for?

Taking your savings to the next level can be the key to unlocking new opportunities. Bank of America can provide guidance to help you grow what you have and make sure you’re prepared for whatever’s ahead.

Save on everyday expenses
Plan for the unexpected
Save for a big purchase

There are many reasons to save. And many approaches.

Savings tools

Take control of your savings with our tools for automatic transfers, budgeting apps and programs.

Keep the Change®¹

Simple, recurring actions can make a difference over time. Like rounding up debit card purchases and putting the spare change into your savings.

Save your cash back

Did you know that when you’re redeeming BankAmeriDeals®², you can deposit the cash back into your savings account?

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Make your savings work for you

Even small additions to your savings account may help you get closer to your goals and plan for whatever’s ahead. Having an emergency fund in place can help offset unexpected expenses. Is it time you up the ante to your emergency fund?

Look out for your future self

You have plans. And then, the unexpected occurs. Merrill can help you be ready and take steps now to keep your finances on track.

Have a backup plan

Balance Connect® for overdraft protection³ can help you cover your payments and purchases when transferring available funds from eligible linked accounts.

Make sure money is where you need it

If you don’t have enough funds in one account and a bill is due, it’s easy to transfer between your Bank of America accounts.⁴

Save for a big purchase Ready for the next big thing?

Dreaming about big milestones, like buying a car? There are many good reasons, and ways, to save. The Bank of America Life Plan® tool⁵ can help you navigate the road ahead.

Learn more at Better Money Habits®

Steady saving gets you there faster

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Interested in higher interest rates?

A certificate of deposit (CD) is a great way to save as interest rates are generally higher than savings accounts.

Get the details

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Understand your savings options

When it comes to CDs and savings accounts, your timeline makes all the difference.

Compare them

1

Upon enrollment, we will round up your Mastercard® or Visa® debit card purchases to the nearest dollar and transfer the difference from your checking account to your Bank of America® savings account. If your savings account enrolled in Keep the Change® is converted to a checking account, Keep the Change® transfers will continue to be made into that account. We may cancel or modify the Keep the Change service at any time without prior notice. Keep the Change is not available for Small Business debit cards.

2

You must be enrolled in Online Banking or Mobile Banking to participate in the BankAmeriDeals® program and have either an eligible Bank of America® debit or credit card or Merrill credit card. Earned cash back will be credited into an eligible consumer deposit or credit account within 30 days following redemption. Data connection required. Wireless carrier fees may apply.

3

Balance Connect® for overdraft protection allows you to link your eligible checking account with up to 5 eligible Bank of America accounts for overdraft protection. This optional service can help you cover your payments and purchases and help avoid overdrafts and overdraft fees by automatically transferring available funds from your linked backup account(s) when needed. If your linked backup account does not have enough available funds to cover the necessary amount, we may decline to make the transfer. Transfers from a linked (1) brokerage account with Merrill Lynch that is enrolled in margin lending, (2) Loan Management Account (LMA®), (3) credit card, or (4) HELOC are subject to interest charges. Please see your account agreement(s) for additional details. Balance Connect® is not available with SafeBalance Banking® as a covered or linked backup account. Balance Connect® is available on Advantage Savings as a linked backup account, but not eligible to be enrolled as a covered account.

4

Fees apply to wires and certain transfers. See the Online Banking Service Agreement for details. Data connection required for online and mobile transfers. Wireless carrier fees may apply.

5

To view or use Life Plan, you must be enrolled in Online Banking or Mobile Banking. Mobile Banking requires that you download the Mobile Banking app and its only available for select mobile devices. Message and data rates may apply.

Bank of America Life Plan is a registered trademark of the Bank of America Corporation.

Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.

Bank of America, Merrill, their affiliates and advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material does not take into account a client’s particular investment objectives, financial situation, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.

Additional information is available in our Client Relationship Summary.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp.

Banking, mortgage and home equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Bank of America, N.A. Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

BofA Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation.

Investment products:

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

Bank of America, the Bank of America logo, Merrill and the Bull symbol are registered trademarks of Bank of America Corporation.

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