Bank of America vs. FVCbank
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
FVCbank
Advantage Direct Savings
3.85%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
FVCbank
Advantage Direct 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. FVCbank
Why Bank of America?
- ✓Higher rated iOS app (4.8 vs 4.4)
- ✓Higher rated Android app (4.6 vs 3.6)
Why FVCbank?
- ✓Higher potential APY (3.85% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
FVCbankFVCbank's Advantage Direct Savings earns more on smaller deposits (approx. $385 vs $1/yr).
Better Returns at $25,000
FVCbankFVCbank's Advantage Direct Savings pulls ahead with larger amounts (approx. $963 vs $3/yr).
Best for Simplicity
FVCbankFVCbank's Advantage Direct Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Bank of AmericaBank of America offers an iOS app rated 4.8 (vs. 4.4) and Android app rated 4.6 (vs. 3.6)
Shared Benefits
Over a 1-year period, FVCbank's Advantage Direct Savings pays $384 more interest on a $10,000 balance than Bank of America's Advantage Savings.
Executive Summary
FVCbank's Advantage Direct Savings stands out with a competitive APY of 3.85%, significantly higher than Bank of America's Advantage Savings, which offers only 0.01% APY. FVCbank's product is online-only, requires a minimum deposit and balance of $500, but has no maintenance fees, making it an attractive option for savers. In contrast, Bank of America's savings account, while accessible with a $100 minimum deposit, incurs an $8 monthly fee unless certain conditions are met. Additionally, Bank of America is noted for its superior mobile app experience, but FVCbank's offering is highlighted as better for simplicity and 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.
Top Market Contenders
See who beats both Bank of America and FVCbank.
| Feature | Bank of America | FVCbank |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 3.85% Verified: 12/6/2025 ↘︎ 0.50%90d Change |
| Product Name | Advantage Savings | Advantage Direct Savings |
| Minimum Deposit | $100 | $500 |
| Min. Balance for APY | N/A | $500 |
| 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 | iOS4.4 Android3.6 |
| BBB Rating | A+ | B- |
| 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
FVCbank earns $2,332.3 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
FVCbank
Advantage Direct Savings
Savings Breakdown
- Interest Earned+$2,338.00(11.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,338.00
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 | FVCbank |
|---|---|---|
| Advantage Savings | Advantage Direct Savings | |
Current APY | 0.01% | 3.85% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -8.3 |
Days Since Change | 261 | 35 |
9-Month High | 0.01% | 4.55% |
9-Month Low | 0.01% | 3.85% |
Adjustments / Mo | 0.00 | 0.92 |
Volatility Score | 0.000 | 0.056 |
How to read these metrics(Click to expand)
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