Bank of America vs. Citizens Access™
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 21, 2026 | Citizens Access™Citizens Access® Savings Jan 20, 2026 |
|---|---|---|
| APY | 0.01% | 3.15% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$158 $10,000+$315 $25,000+$788 |
Min Deposit | $100 | $0.01 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | - |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Bank of America vs. Citizens Access™
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Citizens Access™'s 3.15% APY for its Citizens Access® Savings account, with a minimum balance of $0.01.
Citizens Access™ pays $314 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Citizens Access™ pays $315 - an APY advantage for Citizens Access™.
Why Bank of America?
- ✓Fast transfers via Zelle® (up to $3,500 a day)
Why Citizens Access™?
- ✓Higher potential APY (3.15% 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. $315 vs $1/yr).
Better Returns at $25,000
Citizens Access™Citizens Access™'s Citizens Access® Savings pulls ahead with larger amounts (approx. $788 vs $3/yr).
Best for Simplicity
Citizens Access™Citizens Access™'s Citizens Access® Savings offers 3.15% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Citizens Access™'s Citizens Access® Savings pays $314 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 as of
Citizens Access™ offers a significantly higher APY of 3.15% on its Citizens Access® Savings account, making it the clear winner over Bank of America's Advantage Savings, which yields only 0.01%. Citizens Access® Savings has no minimum deposit requirement and no maintenance fees, while Bank of America requires a $100 minimum deposit and charges an $8 monthly fee unless certain conditions are met. Additionally, Citizens Access™ is an online-only bank, making it accessible for those who prefer digital banking. For those considering Bank of America, the Advantage Savings account is available but offers minimal returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Bank of America vs. Citizens Access™ Savings Calculator
You earn $314 more with Citizens Access™ than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$315.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,315.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | Citizens Access™ |
|---|---|---|
| APY | 0.01% Verified: 1/21/2026 Stable (90d) | 3.15% Verified: 1/20/2026 ↘︎ 0.35%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 Android4.9 |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Not Supported |
| 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 | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at Citizens Access™ Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Citizens Access™ |
|---|---|---|
| Advantage Savings | Citizens Access® Savings | |
Current APY | 0.01% | 3.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -5.0 |
Days Since Change | 36 | 42 |
12-Month High | 0.03% | 3.70% |
12-Month Low | 0.01% | 3.15% |
Adjustments / Mo | 0.17 | 0.25 |
Volatility Score | 0.120 | 0.055 |
How to read these metrics(Click to expand)
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