What are you saving for?
We can help.

A Bank of America Advantage Savings account, with access to simple, easy-to-use features, is designed to help you save towards your goals.

Ways to waive the monthly maintenance fee

Open a Bank of America Advantage Savings account with us, and we’ll waive the $8 monthly maintenance fee for the first 6 months.1 After that, we'll continue to waive the monthly maintenance fee each statement cycle when you meet one of the following:

  • Accounts

    You maintain a $500 minimum daily balance

  • Piggy bank

    You ask us to link your savings account to an eligible checking account (first four savings accounts)

  • Preferred Rewards badge

    You are enrolled in Preferred Rewards2

  • Group

    An owner of this account is under the age of 253

See the Personal Schedule of Fees for details.

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Here’s how you can start saving toward your goals:

Compass

Step 1 — Create a Life Plan

Set short- and long-term financial goals and get personalized guidance when you need it with a Bank of America Life Plan®.4

Wallet

Step 2 — Track your spending

Try out the Spending & Budgeting Tool5 to help you manage your money with interactive category-specific charts.

Clock

Step 3 — Set a time table

Use the Short-Term Savings Calculator to see how long it takes to save for the things you need or want.

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Ways to Save

Start saving today with these simple tools:

  • Cent sign on badge

    Keep the Change®6

    We'll round up your purchases to the nearest dollar amount, then transfer the difference from your checking to your savings account.

  • Transfers Icon

    Automatic Transfers

    Schedule recurring transfers from your checking to your savings account, in the amount and at the frequency you choose.

  • Check deposit symbol

    Split Direct Deposits

    Automatically send a portion of your paycheck into savings.

  • Shopping tag

    BankAmeriDeals®7

    When you use your eligible Bank of America debit or credit card, you can earn cash back on the deals you choose that can be credited into your savings account.

Earn rewards to help you save even more

Preferred Rewards

Rewards built around you

Enjoy more benefits on your everyday banking with the Bank of America Preferred Rewards® program.2

Help stay on track with Better Money Habits®

Whether you're just starting out, saving to buy a home or preparing for retirement, Better Money Habits has a wide range of tips and tools you can use — at no cost to you.

Learn more

insurance
All Bank of America savings accounts, CDs and IRAs are FDIC insured up to applicable limits.