Bank of America Advantage Savings review — rated 3/5 from 5,240 reviews. Best for preferred rewards members with large balances.
Bank of America's savings account with Preferred Rewards boost potential. Bank of America Advantage Savings is offered by Bank of America, N.A. and currently holds an average rating of 3 out of 5 across 5,240 user reviews. It falls into the Big Bank Savings category and tends to be the strongest fit for preferred rewards members with large balances.
Editorial grade: C+ (composite score 62/100).
Monthly fee: $8/month (waivable). Minimum to open: $100. Current APY: 0.01% – 0.04%. Rates and promotional offers change often, so we re-verify every listed number on a rolling schedule and stamp the review with the date of the most recent check.
Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). We open and fund every account to verify rates, check transfer speeds, and test the mobile app on both iOS and Android. For this review of Bank of America Advantage Savings, our editors funded an account, walked through the full onboarding flow, and compared the experience to the other products in the Big Bank Savings shortlist. Scores are not influenced by affiliate relationships — partners cannot pay for better rankings, and our rubric is the same for every brand.
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