All Bank of America savings accounts, CDs and IRAs are FDIC insured up to applicable limits.
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 toward 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 from account opening.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 timetable
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 debit card purchases to the nearest dollar amount, then transfer the difference from your eligible checking to the enrolled savings account.
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Automatic Transfers
Schedule recurring transfers from your checking to your savings account at the amount and frequency you choose.
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Split Direct Deposits
Automatically deposit a portion of your paycheck into savings.
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.