Bank Of America vs. Fvcbank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Bank of America vs. FVCbank
Key Metrics at a Glance
| Feature | Bank of America | FVCbank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 4.10% Advantage Direct Savings |
| Minimum to Open | $100 | $500 |
| Minimum Balance for Top APY | $500 | |
| 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. |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- The monthly maintenance fee can be waived under certain conditions.
- No minimum balance is required to open an account.
Potential Drawbacks
- Current APY is only 0.01%, unchanged from 30 days ago.
- Bank of America charges an $8 monthly maintenance fee.
- No high-yield savings account available.
FVCbank
Strengths
- FVCbank offers a competitive APY of 4.10%, though down from 4.45%.
- No maintenance fees are charged with the Advantage Direct Savings account.
- Requires a lower minimum deposit of $500.
Potential Drawbacks
- FVCbank has a lower App Store rating of 4.4.
- Google Play rating is only 3.6, indicating potential app issues.
- Requires a minimum balance of $500 to avoid fees.
→ As of October 21, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to FVCbank's 4.10% APY for its Advantage Direct Savings account, with a minimum balance of $500.
→ FVCbank yields $409 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while FVCbank pays $410 - an APY advantage for FVCbank.
Calculate Savings Growth for Bank of America vs FVCbank
Bank of America - Advantage Savings
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
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewFVCbank - Advantage Direct Savings
Total savings breakdown:
- Interest earned: $2,499.4 (12.19%)
- Total contributions: $13,000 (63.42%)
- Initial deposit: $5,000 (24.39%)
Your total balance
$20,499.40
Total balance: $20,499.4
Earnings: $2,499.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,493.7 lower than FVCbank'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 FVCbank's Savings Accounts
| Bank of America | FVCbank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Advantage Direct Savings |
| APY | 0.01% (as of 10/21/2025) | 4.10% (as of 10/21/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | N/A | |
| Minimum Deposit | $100 | $500 | |
| Minimum Balance for APY | N/A | $500 | |
| Maintenance Fee | $8 | $0 | |
| 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. | ||
| App Store Rating | 4.8/5 | 4.4/5 | |
| Google Play Rating | 4.6/5 | 3.6/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 7 Months)
| Bank of America | FVCbank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Advantage Direct Savings |
| Latest APY | 0.01 % | 4.10 % | |
| Trend | Sideways | Falling | |
| Slope (bps/mo) | -0.0 | -5.6 | |
| Rate Changes / Mo | 0.00 | 0.97 | |
| Days Since Last Change | 216 | 27 | |
| High (-7 m) | 0.01 % | 4.55 % | |
| Low (-7 m) | 0.01 % | 4.10 % | |
| Draw-down from High | 0.0 % | -9.9 % | |
| Volatility (CV) | 0.000 | 0.030 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 217 days.
- Low (-7 m)
- Lowest APY in the last 217 days.
- Draw-down from High
- How far today sits below the 7-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.