Business Advantage
Business Savings Account For Your Small Business
Watch your savings grow with a Business Advantage Savings Account adatext
Complete your saved application
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Overview
Mobile Banking adatext
Download our free app
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and conduct business on the go—including making mobile check deposits
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—from anywhere you have an internet connection.
Powerful digital tools
View balances by category, get cash flow projections, and monitor key transactions at a glance with Cash Flow Monitor.
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Earn interest
Earn interest while maintaining easy access to funds.
Balance Connect™ for overdraft protection
Get help avoiding the inconvenience of overdrafts by enrolling in Balance Connect™ for overdraft protection for your Business Advantage Banking account.
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Link accounts
Can be linked to a Business Advantage Relationship Banking or a Business Advantage Fundamentals™ Banking solution. One Business Advantage Savings account included with no additional monthly fee as part of your Business Advantage Relationship Banking solution.
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Extra business services
Manage your cash flow with additional business services like Merchant Services, Remote Deposit Online and more.
Business Savings Account Rates
Business Savings Account Rates
- We waive the monthly fee if you do one of the following each statement cycle:
- Maintain a $2,500 minimum daily balance
- Include one Business Advantage Savings account as part of your Business Advantage Relationship Banking solution
- Be a member of Preferred Rewards for Business (first 4 savings accounts per enrolled business) adatext
- Or pay $XXXX per month
- $XXXX
Monthly Fee
Required Opening Deposit
Business Savings Account Fees
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- We waive the monthly fee if you do one of the following each statement cycle:
- Maintain a $2,500 minimum daily balance
- Include one Business Advantage Savings account as part of your Business Advantage Relationship Banking solution
- Be a member of Preferred Rewards for Business (first 4 savings accounts per enrolled business) adatext
- Or pay $XXXX per month
- $XXXX
Monthly Fee
Required Opening Deposit
Business Savings Account Fees
| Monthly Fee | Required Opening Deposit |
|---|---|
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Rewards that grow with your business
Business Advantage Savings comes with...
- Mobile Banking
- FDIC insurance
- Financial network
- Alerts
- Automatic Transfers
- Balance Connect™ for overdraft protection
Manage your account online 24/7 with secure Online
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and Mobile Banking. Check your balance and keep tabs on account activity for you and your employees easily anytime, anywhere.
Top business savings FAQs
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We offer 3 convenient ways of opening a business savings account:
- Choose your business savings account and apply online
- Call 866.543.2808
- Schedule an appointment with a small business specialist
Business Advantage Savings account
Interest is calculated at the discretion of Bank of America and can change at any time after the account is opened without notice or limit. See a complete listing of rates
Once we have both your completed application and required supplemental documents, we’ll make an application decision. If approved, your account could be open and ready to use within 24 hours. Remember, we need your supplemental documents within 11 days after you apply.
After your account is open, you should receive your ATM card in the mail within 5-7 business days.
Business Advantage Savings account
The monthly fee is $10. However, we waive the monthly fee if you do one of the following each statement cycle:
- Maintain a $2,500 minimum daily balance
- Include one Business Advantage Savings account as part of your Business Advantage Relationship Banking solution
- Be a member of Preferred Rewards for Business
Additional Business Savings and CD FAQs
