Bank of America vs. Bread Savings
Compare rates, requirements, and features side-by-side to find the best option for you.
Bank of America
Advantage Savings
0.01%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Bank of America
Advantage Savings
Bread Savings
High-Yield Savings Account
4.10%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Bread Savings
High-Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Bank of America vs. Bread Savings Savings Calculator
Bread Savings earns $2,493.7 more than Bank of America.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
Bread Savings
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,499.40(12.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,499.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Bank of America vs. Bread Savings
Why Bank of America?
No distinct advantages found vs Bread Savings.
Why Bread Savings?
- ✓Higher potential APY (4.10% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Bread SavingsBread Savings's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $1/yr).
Better Returns at $25,000
Bread SavingsBread Savings's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 vs $3/yr).
Best for Simplicity
Bread SavingsBread Savings's High-Yield Savings Account offers 4.10% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Bank of AmericaBank of America offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.6 (vs. 4.5)
Shared Benefits
Over a 1-year period, Bread Savings's High-Yield Savings Account pays $409 more interest on a $10,000 balance than Bank of America's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Bread Savings offers a High-Yield Savings Account with a competitive APY of 4.10%, significantly higher than Bank of America's Advantage Savings, which yields only 0.01%. Bread Savings stands out for its simplicity, requiring no direct deposit and no maintenance fees, while also allowing a minimum deposit of just $100. In contrast, Bank of America charges an $8 monthly fee unless certain conditions are met. Although Bank of America provides a solid mobile app experience, the substantial difference in APY makes Bread Savings the clear choice for savers seeking better returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Bank of America and Bread Savings.
| Feature | Bank of America | Bread Savings |
|---|---|---|
| APY | 0.01% Verified: 12/10/2025 Stable (90d) | 4.10% Verified: 12/10/2025 ↘︎ 0.15%90d Change |
| Product Name | Advantage Savings | High-Yield Savings Account |
| Minimum Deposit | $100 | $100 |
| Min. Balance for APY | N/A | $0 |
| Monthly Fee | $8 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.7 Android4.5 |
| BBB Rating | A+ | A+ |
| Important Notes | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | - |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Bread Savings |
|---|---|---|
| Advantage Savings | High-Yield Savings Account | |
Current APY | 0.01% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -2.6 |
Days Since Change | 315 | 5 |
10-Month High | 0.01% | 4.40% |
10-Month Low | 0.01% | 4.10% |
Adjustments / Mo | 0.00 | 0.57 |
Volatility Score | 0.000 | 0.020 |
How to read these metrics(Click to expand)
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