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  Bank of America Minor Savings Account

Bank of America Minor Savings Account

in Savings Accounts from Bank of America · Member fdic

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Bank of America Minor Savings Account

Unaffiliated

in Savings Accounts from Bank of America · Member FDIC

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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 0.01% - 0.02%
APY Minimum Balance $0.01

Bank of America Minor Savings Account Review

Bank of America Minor Savings Account is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America Minor Savings Account is available in 50 states (and Washington, DC).

Bank of America Minor Savings Account FAQ

Are savings accounts from Bank of America federally insured?

Yes, your Bank of America savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Bank of America offer a signup bonus?

Bank of America Minor Savings Account doesn't offer a signup bonus.

What is the minimum balance for Bank of America Minor Savings Account?

The minimum balance to open a Bank of America Minor Savings Account is $25.
Bank of America Minor Savings Account Account Minimums
Description
APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $25
Minimum Required Balance $0

What APY does Bank of America offer?

Bank of America Minor Savings Account offers an APY starting at 0.01% and ranging up to 0.02% (APY stands for annual percentage yield, rates may change).

What features and perks does Bank of America Minor Savings Account offer?

This account includes the following features.

Bank of America Minor Savings Account Features
Description
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Automatic Savings
  • Branch Access
  • FDIC Member
  • Teen Checking Account

What fees does Bank of America Minor Savings Account charge?

Bank of America Minor Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $16 fee.
  • Bank of America Minor Savings Account charges $5 every time you request a paper statement.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $25
Minimum Required Balance $0
Monthly Fee $0
International ATM Surcharge $5
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $35
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $16
Wire Transfer Fee - International (Outgoing) $45
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Automatic Savings
  • Branch Access
  • FDIC Member
  • Teen Checking Account
APY (Annual Percentage Yield) 0.01% - 0.02%

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