Bank of America vs. Citizens Access™
Compare rates, requirements, and features side-by-side to find the best option for you.
Bank of America
Advantage Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Bank of America
Advantage Savings
Citizens Access™
Citizens Access® Savings
3.35%APYDec 5, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Citizens Access™
Citizens Access® Savings
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.
Comparison Analysis
Comparing Bank of America vs. Citizens Access™
Why Bank of America?
No distinct advantages found vs Citizens Access™.
Why Citizens Access™?
- ✓Higher potential APY (3.35% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Citizens Access™Citizens Access™'s Citizens Access® Savings earns more on smaller deposits (approx. $335 vs $1/yr).
Better Returns at $25,000
Citizens Access™Citizens Access™'s Citizens Access® Savings pulls ahead with larger amounts (approx. $838 vs $3/yr).
Best for Simplicity
Citizens Access™Citizens Access™'s Citizens Access® Savings offers 3.35% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Citizens Access™'s Citizens Access® Savings pays $334 more interest on a $10,000 balance than Bank of America's Advantage Savings.
Executive Summary
Citizens Access™ offers a competitive savings account, the Citizens Access® Savings, with an impressive APY of 3.35%, which is significantly higher than Bank of America's Advantage Savings, which yields only 0.01%. Citizens Access® Savings requires a minimal initial deposit of just $0.01 and has no maintenance fees, making it an attractive option for savers. In contrast, Bank of America's account has a minimum deposit requirement of $100 and a monthly maintenance fee of $8, which can be waived under certain conditions. Overall, Citizens Access™ stands out as the more favorable choice for savers seeking higher 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.
Stop Losing Interest
See who beats both Bank of America and Citizens Access™.
| Feature | Bank of America | Citizens Access™ |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 3.35% Verified: 12/5/2025 ↘︎ 0.15%90d Change |
| Product Name | Advantage Savings | Citizens Access® Savings |
| Minimum Deposit | $100 | $0.01 |
| Min. Balance for APY | N/A | $0.01 |
| 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 | iOS4.8 Android4.8 |
| 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 |
Savings Comparison
Citizens Access™ earns $2,013.1 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
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$2,018.80(10.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,018.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Citizens Access™ |
|---|---|---|
| Advantage Savings | Citizens Access® Savings | |
Current APY | 0.01% | 3.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.8 |
Days Since Change | 311 | 37 |
10-Month High | 0.01% | 3.70% |
10-Month Low | 0.01% | 3.35% |
Adjustments / Mo | 0.00 | 0.19 |
Volatility Score | 0.000 | 0.037 |
How to read these metrics(Click to expand)
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