UTMA Account - Custodial Savings Account for Children

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Overview

The custodian is responsible for managing and distributing the funds in this account on behalf of the minor.

Set up automatic transfers to help build your savings. Simply choose the amount and frequency you want to transfer money. Plus make changes anytime

Build your savings automatically with our Keep the Change® savings program.

Custodial Savings account balances are FDIC insured up to applicable limits.

Fees

Fees , open

Monthly Fee

No monthly maintenance fee for each statement cycle that you:
Maintain a minimum daily balance of at least $XXXX
Or pay $XXXX/month
For new Bank of America Advantage Savings accounts, we’ll waive this fee for the first 6 months

Required Opening Deposit

$XXXX

Withdrawal Limit Fee

Total of $XXXX transfers and withdrawals each monthly statement cycle without a Withdrawal Limit Fee.
You may be charged a $XXXX fee for each additional transfer and withdrawal you make before your statement cycle ends.
You will be charged no more than $XXXX of these fees each statement cycle.
If you maintain a minimum daily balance of $XXXX or more in this account, you won’t be charged this fee.
Transaction limits apply

View all fees

Download the Personal Schedule of Fees

Fees

Monthly Fee	Required Opening Deposit	Withdrawal Limit Fee
No monthly maintenance fee for each statement cycle that you: Maintain a minimum daily balance of at least $XXXX Or pay $XXXX/month For new Bank of America Advantage Savings accounts, we’ll waive this fee for the first 6 months	$XXXX	Total of $XXXX transfers and withdrawals each monthly statement cycle without a Withdrawal Limit Fee. You may be charged a $XXXX fee for each additional transfer and withdrawal you make before your statement cycle ends. You will be charged no more than $XXXX of these fees each statement cycle. If you maintain a minimum daily balance of $XXXX or more in this account, you won’t be charged this fee. Transaction limits apply

View all fees

Download the Personal Schedule of Fees

Rates

Rates , open

Bank of America Advantage Savings Account

Account balance amount	Standard Annual Percentage Yield (APY)

Bank of America Advantage Savings Account

Account balance amount

Standard Annual Percentage Yield (APY)

Features

Build your savings automatically with our Keep the Change^® savings program

Make everyday purchases with your eligible Bank of America debit card and we'll round up your purchase to the nearest dollar amount. Then we'll transfer the difference from your checking account to your savings account.

Build your savings automatically with our Keep the Change^® savings program

Make everyday purchases with your eligible Bank of America debit card and we'll round up your purchase to the nearest dollar amount. Then we'll transfer the difference from your checking account to your savings account.

Here’s what comes with your Advantage Savings account

Here’s what comes with your Advantage Savings account , open

With thousands of ATMs and financial centers available, as well as 24-hour online access, we are almost wherever you need us.

Our mobile app ensures you get convenient account access whenever and wherever you are.

Set up automatic transfers to help build your savings. Simply choose the amount and frequency you want to transfer money. Plus make changes anytime.

Link your savings account as a backup to your checking account for overdraft protection through Balance Connect™.

Deposit a check using the camera on your smartphone or tablet in the Mobile Banking app. Snap a picture of the front and back of the check, choose your account and amount and send. For your protection, check images are stored securely at the bank and never on your device.

Get convenient account access, now with fingerprint sign-in and Touch ID^®. Use our free mobile app to deposit checks, check balances, pay bills, transfer money and locate ATMs and financial centers on the go. Plus, with our customizable mobile app alerts you can stay informed of just about everything that happens with your savings account.

At Bank of America, you have more options to send money where you need to. Make real-time transfers between your accounts, or securely send money to a person simply using their mobile number or email address.

With Bank of America alerts, you can choose to be notified about a change to your account that's important to you. From monitoring your balance, to tracking a deposit, to paying a bill, just choose when and how you want to be notified.

Benefits