Bank of AmericaBank of America Advantage SafeBalance
APY
0.00%
Min. to Open
$25
Monthly Fee
$4.95/month
Welcome Bonus
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Bank of America Advantage SafeBalance
Bank of America Advantage SafeBalance
No overdraft fees; $4.95/mo or waiver. April 2026.
Our take
Designed to decline rather than overdraft — useful for avoiding surprise fees.
Highlights
What we like
Competitive for April 2026
FDIC insured (typical for US banks)
The trade-off
Confirm live rate and offer on issuer site
Is this account right for you?
Answer a few quick questions — we'll match you with the bank accounts that fit your goals and habits.
Full details
Rate & Earnings
| APY | 0.00% |
Fees & Requirements
| Monthly fee | $4.95/month |
| Fee waiver | Under age 25 or Preferred Rewards |
| Minimum to open | $25 |
Features
| FDIC insured | FDIC insured |
| Mobile app | Mobile app |
| ATM access | ATM access |
| Check writing | Not available |
Frequently asked questions
What is the current APY on this account?
The current APY is 0.00%. Rates are variable and may change. Check the bank's site for the most current rate.
Is my money protected?
Yes — this account is FDIC insured up to $250,000 per depositor, per institution. Your money is safe even if the bank fails.
How do I access my money?
ATM withdrawals are available. You can transfer funds electronically to a linked checking account, typically within 1–3 business days.
How do I avoid the monthly fee?
The monthly fee of $4.95 can be waived if you Under age 25 or Preferred Rewards.
Bank of America Advantage SafeBalance