Bank Of America vs. Chase Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Bank of America vs. Chase Bank
Key Metrics at a Glance
| Feature | Bank of America | Chase Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 0.01% Chase Savings℠ |
| Minimum to Open | $100 | $0 |
| Minimum Balance for APY | $0 |
Bank of America
Strengths
- Bank of America has a higher BBB rating of A+ compared to Chase Bank's A-.
Potential Drawbacks
- Bank of America's Advantage Savings has a maintenance fee of $8, while Chase Bank's fee is $5.
Chase Bank
Strengths
- Chase Bank offers a $0 minimum deposit and balance requirement for its Chase Savings℠ account.
Potential Drawbacks
- Chase Bank's APY is the same as Bank of America's at 0.01%, with no increase over the past 30 days.
Summary: Bank of America offers a higher BBB rating of A+, while Chase Bank has a lower maintenance fee of $5 compared to Bank of America's $8. Both banks provide savings accounts with an APY of 0.01%, which has not changed in the last 30 days. Additionally, Chase Bank requires no minimum deposit or balance, making it potentially more accessible for customers.
→ As of 10/14/2025 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.
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: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewChase Bank
APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be the same as Chase Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Chase Bank's Savings Accounts
| Bank of America | Chase Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Chase Savings℠ |
| APY | 0.01% (as of 10/14/2025) | 0.01% (as of 10/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | No | |
| Compound Frequency | Monthly | Monthly | |
| Minimum Deposit | $100 | $0 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $5 | |
| Direct Deposit Required | No | No | |
| Note | 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. | 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. | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.5/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 8 Months)
| Bank of America | Chase Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Chase Savings℠ |
| Latest APY | 0.01 % | 0.01 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | |
| Days Since Last Change | 259 | 258 | |
| High (-8 m) | 0.01 % | 0.01 % | |
| Low (-8 m) | 0.01 % | 0.01 % | |
| Draw-down from High | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 259 days.
- Low (-8 m)
- Lowest APY in the last 259 days.
- Draw-down from High
- How far today sits below the 8-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.
More Comparisons
Compare Bank of America's APY of 0.01% with other banks
Compare Chase Bank's APY of 0.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chase Bank vs Ally Bank | 3.40% | $0 |
| Chase Bank vs American Express | 3.50% | $0 |
| Chase Bank vs Axos Bank | 4.51% | $0 |
| Chase Bank vs Barclays | 4.10% | $0 |
| Chase Bank vs BrioDirect | 4.20% | $5,000 |
| Chase Bank vs Capital One | 3.40% | $0 |
| Chase Bank vs Chime | 3.75% | $0 |
| Chase Bank vs CIT Bank | 3.85% | $100 |
| Chase Bank vs Discover Bank | 3.40% | $0 |
| Chase Bank vs Elevault | 4.34% | $0 |
| Chase Bank vs EverBank | 4.05% | $0 |
| Chase Bank vs Fitness Bank | 4.75% | $100 |
| Chase Bank vs FVCbank | 4.10% | $500 |
| Chase Bank vs GO2bank | 4.50% | $0 |
| Chase Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chase Bank vs Neighbors Bank | 4.50% | $0 |
| Chase Bank vs Newtek Bank | 4.35% | $0 |
| Chase Bank vs Peak Bank | 4.20% | $100 |
| Chase Bank vs Pibank | 4.60% | $0 |
| Chase Bank vs Presidential Bank | 4.50% | $5,000 |
| Chase Bank vs Santander Bank | 0.01% | $25 |
| Chase Bank vs SoFi Bank | 4.50% | $0 |
| Chase Bank vs Synchrony Bank | 3.80% | $0 |
| Chase Bank vs TIMBR | 4.40% | $1,000 |
| Chase Bank vs UFB Direct | 3.96% | $5000 |
| Chase Bank vs Varo Bank | 5.00% | $0 |
| Chase Bank vs Wells Fargo | 0.05% | $25 |
| Chase Bank vs Zynlo Bank | 4.20% | $10 |