Rate updated · 87 banks tracked
Bank of America savings account rate: 0.04% APY
Bank of America pays 0.04% on its savings account — ranking in the bottom quartile of the 87 banks SwitchWize tracks, where the top available rate is 3.9%. (Updated June 18, 2026.)
The gap, in your dollars
At 0.04%, $25,000 earns $10/yr here versus $975/yr at the field leader — a $965/yr difference.
See your exact number →Higher-paying alternatives we track
Rates subject to change. Verify before switching.
Frequently asked questions
What is Bank of America's savings account interest rate?▾
Bank of America pays 0.04% APY on its savings account as of June 18, 2026, based on rates SwitchWize tracks across 87 banks.
Is Bank of America's savings rate good?▾
Bank of America's 0.04% ranks in the bottom quartile of tracked banks. The top available rate is 3.9% and the big-bank median is 3%.
Which banks pay more than Bank of America?▾
Higher-paying tracked options include america first fcu, applied, citizens trust. Compare rates at /banks to find the best current option.
General information only. Rates change frequently; verify directly with the institution before making financial decisions. SwitchWize is not a bank and does not provide financial advice.