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