Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Opening Deposit
Minimum Balance to Earn APY
Bank of America Minor Savings Account Review
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.02%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
Bank of America savings account Pros & Cons
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Bank of America savings account FAQ
Are savings accounts from Bank of America federally insured?
Does Bank of America offer a signup bonus?
What is the minimum initial deposit for Bank of America savings account?
The minimum deposit to open a Bank of America savings account is $25.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Bank of America Minor Savings Account offer?
What fees does Bank of America savings account charge?
- Outgoing domestic bank transfers come with a $30 fee.
- Incoming domestic bank transfers come with a $15 fee.
- Outgoing 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 savings account charges $5 every time you request a paper statement.
What features and perks does Bank of America savings account offer?
- Fraud monitoring - Bank of America savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Bank of America savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Bank of America savings account?
What is the customer support email for Bank of America savings account?
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APY (Annual Percentage Yield)
Minimum Opening Deposit
Minimum Balance to Earn APY
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Bank of America Minor Savings Account Community Reviews
Would you recommend Bank of America Minor Savings Account to your friends?
Trey H.
Nov 9, 2021
May or may not recommend
Showing 1 of 1 reviews
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