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:
See the Personal Schedule of Fees for details.
Here’s how you can start saving toward your goals:
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
Step 2 — Track your spending
Try out the Spending & Budgeting Tool5 to help you manage your money with interactive category-specific charts.
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.
Ways to Save
Start saving today with these simple tools:
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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.
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Automatic Transfers
Schedule recurring transfers from your checking to your savings account, in the amount and at the frequency you choose.
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Split Direct Deposits
Automatically send a portion of your paycheck into savings.
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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.
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.
All Bank of America savings accounts, CDs and IRAs are FDIC insured up to applicable limits.