Savings Account Interest Rates

Bank of America Interest Rates and APYs: A Comprehensive Guide

Savings Account Interest Rates

Bank of America offers a single interest-bearing savings account. Here's a closer look at the rates currently offered:

Tiered Interest Rates

The interest rate you earn on your savings account balance may vary based on the tier you fall into. Bank of America's savings account interest rates are as follows:

• Tier 1: Balances up to $1,000: 0.01% APY
• Tier 2: Balances from $1,001 to $25,000: 0.05% APY
• Tier 3: Balances from $25,001 to $100,000: 0.10% APY
• Tier 4: Balances over $100,001: 0.15% APY

Other Accounts

Bank of America also offers several other types of accounts with varying interest rates and APYs. These include:

• Checking Account: 0.01% APY
• Certificates of Deposit (CDs): Rates vary based on term and amount deposited
• IRAs: Rates vary based on account type and investment options