Bank Of America vs Fvcbank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Bank of America vs. FVCbank
As of September 5, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to FVCbank's 4.35% APY for its Advantage Direct Savings account, with a minimum balance of $500.
FVCbank yields $434 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while FVCbank pays $435 - an APY advantage for FVCbank.
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- No direct deposit requirement for the Advantage Savings account.
- Monthly maintenance fee can be waived under certain conditions.
Potential Drawbacks
- Current APY for Advantage Savings is only 0.01%.
- Advantage Savings requires a minimum deposit of $100.
- Monthly maintenance fee of $8 applies unless waived.
FVCbank
Strengths
- FVCbank offers a competitive APY of 4.35%.
- No monthly maintenance fee for the Advantage Direct Savings account.
- Direct deposit is not required for account opening.
Potential Drawbacks
- Advantage Direct Savings requires a minimum deposit of $500.
- FVCbank has a lower Google Play rating of 3.4.
- Online-only account may not appeal to all customers.
Summary: FVCbank offers a significantly higher APY of 4.35% for its Advantage Direct Savings account, while Bank of America provides a minimal 0.01% APY. Bank of America has a higher App Store rating but charges an $8 monthly maintenance fee, which can be waived. FVCbank has no maintenance fees but requires a higher minimum deposit of $500. Both banks have an A+ BBB rating.
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 9/5/2025) | 4.35% (as of 9/5/2025) | |
| 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 | 3.4/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Bank of America | FVCbank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Advantage Direct Savings |
| Latest APY | 0.01 % | 4.35 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -4.6 | |
| Rate Changes / Mo | 0.00 | 0.71 | |
| Days Since Last Change | 169 | 42 | |
| High (-6 m) | 0.01 % | 4.55 % | |
| Low (-6 m) | 0.01 % | 4.35 % | |
| Draw-down from High | 0.0 % | -4.4 % | |
| Volatility (CV) | 0.000 | 0.019 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 170 days.
- Low (-6 m)
- Lowest APY in the last 170 days.
- Draw-down from High
- How far today sits below the 6-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 FVCbank
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 OverviewFVCbank
APY: 4.35%
Total savings breakdown:
- Interest earned: $2,662 (12.88%)
- Total contributions: $13,000 (62.92%)
- Initial deposit: $5,000 (24.20%)
Your total balance
$20,662.00
Effective APY: 4.35% (based on your deposit and contributions)
Total balance: $20,662
Earnings: $2,662
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,656.3 lower than FVCbank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Bank of America's APY of 0.01% with other banks
Compare FVCbank's APY of 4.35% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| FVCbank vs Ally Bank | 3.50% | $0 |
| FVCbank vs American Express | 3.50% | $0 |
| FVCbank vs Axos Bank | 4.46% | $0 |
| FVCbank vs Barclays | 4.10% | $0 |
| FVCbank vs BrioDirect | 4.30% | $5,000 |
| FVCbank vs Capital One | 3.50% | $0 |
| FVCbank vs Chase Bank | 0.01% | $0 |
| FVCbank vs Chime | 3.75% | $0 |
| FVCbank vs CIT Bank | 4.00% | $100 |
| FVCbank vs Discover Bank | 3.50% | $0 |
| FVCbank vs Elevault | 4.60% | $0 |
| FVCbank vs EverBank | 4.30% | $0 |
| FVCbank vs Fitness Bank | 4.75% | $100 |
| FVCbank vs GO2bank | 4.50% | $0 |
| FVCbank vs Marcus by Goldman Sachs | 3.65% | $0 |
| FVCbank vs Neighbors Bank | 4.60% | $0 |
| FVCbank vs Newtek Bank | 4.35% | $0 |
| FVCbank vs Peak Bank | 4.35% | $100 |
| FVCbank vs Pibank | 4.60% | $0 |
| FVCbank vs Presidential Bank | 4.50% | $5,000 |
| FVCbank vs Santander Bank | 0.03% | $25 |
| FVCbank vs SoFi Bank | 3.80% | $0 |
| FVCbank vs Synchrony Bank | 3.80% | $0 |
| FVCbank vs TIMBR | 4.40% | $1,000 |
| FVCbank vs UFB Direct | 4.21% | $5000 |
| FVCbank vs Varo Bank | 5.00% | $0 |
| FVCbank vs Wells Fargo | 2.51% | $25 |
| FVCbank vs Zynlo Bank | 4.35% | $10 |