Rates
| Amount | Interest Rate | APY |
|---|
Business Advantage
Business Savings Accounts
Make your money work harder
Open a small business savings account and watch your money grow
Complete your saved applicationplease wait while the page loads
Find the savings account to fit your business
Whether you have a small business and are looking to grow your savings or are an established company with a large balance, Bank of America has a savings account to work for your business.
You have a growing businessBusiness Advantage SavingsFootnote 1
Write up to 3 checks per statement cycle. Include a Business Advantage Savings account as part of a Business Fundamentals® Checking solution.
You have an established businessBusiness Advantage Savings AccountFootnote 1
Earn interest without locking into a term. Include a Business Advantage Savings Account as part of a Business Advantage Checking solution.
Not sure? Compare business savings accounts
Business Advantage Savings$XXXX or $0 per month Ways to avoid this fee | Business Advantage Savings Account$XXXXor $0 per month Ways to avoid this fee | |
|---|---|---|
Can link to... | Business Fundamentals Checking Use your combined balances to waive the Business Fundamentals Checking account monthly feeFootnote 2 | Business Advantage Checking Use your combined balances to waive the Business Advantage Checking account monthly feeFootnote 3 |
Minimum opening deposit | $XXXX | $XXXX |
Overdraft ProtectionFootnote 4 | This feature is supported | This feature is supported |
FDIC insured up to applicable limits | This feature is supported | This feature is supported |
Fees | ||
No monthly maintenance fee for each statement cycle that you: | Maintain a $XXXX minimum daily balance or Include one Business Advantage Savings as part of a Business Fundamentals® Checking solutionFootnote 2 or Qualify and enroll in Preferred Rewards for Business (waiver applies to first 4 business savings accounts) | Maintain a $XXXX minimum daily balance or Include one Business Advantage Savings Account as part of a Business Advantage Checking solutionFootnote 3 or Qualify and enroll in Preferred Rewards for Business (waiver applies to first 4 business savings accounts) |
Other fees and information | ||
Learn more about rates
Rewards that grow with your business
The Preferred Rewards for Business program is our commitment to helping you grow your business and get more back from your banking. The higher your Bank of America business deposit balances and/or business investment balances with Merrill, the greater your benefits. Learn more about our program benefits or schedule an appointment to meet with a Small Business Specialist to get started today.
All business savings accounts come with...
Manage your account online 24/7 with secure OnlineFootnote 6 and Mobile Banking. Check your balance and keep tabs on account activity for you and your employees easily anytime, anywhere.
Tools and resources to help manage your business
Cash management is a top priority for small business owners. Our tools and services can help you run your business more effectively.
