Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.

Regular Savings Account Bank of America has low minimum opening deposit of $25

Fee

No monthly fee when meet one of the following requirements each statement cycle:
• Maintain a $300 minimum daily balance

Or

• When a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)

To avoid the monthly maintenance fee make combined monthly automatic transfers of $25 or more from Bank of America checking account to savings account during the immediately preceding statement cycle.

Otherwise, $5 monthly maintenance fee

Withdrawals:
Each monthly statement cycle, make a total of 6 withdrawals and transfers from savings account with no Withdrawal Limit Fee.

The Withdrawal Limit Fee is $10 for each withdrawal and transfer made after the first 6 during the monthly statement cycle.

It charges no more than 6 Withdrawal Limit Fees per monthly statement cycle.

Avoid the Withdrawal Limit Fee by maintaining a minimum daily balance of $2,500 in Regular Savings Account.

Rates
Regular Savings Account Interest rate APY
All balances 0.01% 0.01%