Bank Of America vs Chase Bank
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of Bank of America vs. Chase Bank

As of 6/20/2025 both Bank of America (Advantage Savings) and Chase Bank (Chase Savings℠) offer an APY of 0.01% .

Both banks yield $1 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.

Bank of America

Strengths

  • Bank of America has a higher App Store rating of 4.8 compared to Chase Bank's 4.8.
  • No direct deposit requirement for the Advantage Savings account.

Potential Drawbacks

  • Bank of America's Advantage Savings account has a maintenance fee of $8.
  • Current APY for Bank of America is 0.01%, the same as 30 days ago.

Chase Bank

Strengths

  • Chase Bank offers a lower maintenance fee of $5 for the Chase Savings℠ account.
  • Chase Bank has a lower minimum deposit requirement of $0.

Potential Drawbacks

  • Chase Bank's BBB rating is A-, lower than Bank of America's A rating.
  • Current APY for Chase Bank is 0.01%, unchanged from 30 days ago.
Summary: Both Bank of America and Chase Bank offer savings accounts with a current APY of 0.01%. Bank of America has a higher App Store rating and no direct deposit requirement, while Chase Bank has a lower maintenance fee and minimum deposit. However, Chase Bank's BBB rating is slightly lower than that of Bank of America, which may affect customer trust.

Compare Bank of America's vs Chase Bank's Savings Accounts

Bank of AmericaChase Bank
ProductAdvantage SavingsvsChase Savings℠
APY
0.01% (as of 6/20/2025)0.01% (as of 6/20/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyNoNo
Compound Frequency
MonthlyMonthly
Minimum Deposit$100$0
Minimum Balance for APYN/A$0
Maintenance Fee$8$5
Direct Deposit Required
NoNo
NoteAPY 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.APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.
Visit BankAdvantage SavingsChase Savings℠
App Store Rating4.8/54.8/5
Google Play Rating4.6/54.5/5
BBB RatingAA-

Comparative Historical APY Insights (Last 5 Months)

Bank of AmericaChase Bank
ProductAdvantage SavingsvsChase Savings℠
Latest APY0.01 %0.01 %
TrendSidewaysSideways
Slope (bps/mo)-0.00.0
Rate Changes / Mo0.000.00
Days Since Last Change143143
High (-5 m)0.01 %0.01 %
Low (-5 m)0.01 %0.01 %
Draw-down from High0.0 %0.0 %
Volatility (CV)0.0000.000
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-5 m)
Highest APY in the last 144 days.
Low (-5 m)
Lowest APY in the last 144 days.
Draw-down from High
How far today sits below the 5-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

Calculate Savings Growth for Bank of America vs Chase Bank

All calculations are based on APY.

Bank of America

APY: 0.01%

Total savings breakdown:

  • Interest earned: $0.1 (0.01%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (99.99%)

Your total balance

$1,000.10

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $1,000.1

Earnings: $0.1

Bank Details

Chase Bank

APY: 0.01%

Total savings breakdown:

  • Interest earned: $0.1 (0.01%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (99.99%)

Your total balance

$1,000.10

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $1,000.1

Earnings: $0.1

Bank Details

After 1 year Bank of America would earn you the same as Chase Bank.

More Comparisons

Compare Bank of America's APY of 0.01% with other banks
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