Bank of America vs. FVCbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 21, 2026 | FVCbankAdvantage Direct Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.01% | 3.85% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $100 | $500 |
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 InsuredLow MinimumsGreat iOS AppZelle® Supported |
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. FVCbank
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to FVCbank's 3.85% APY for its Advantage Direct Savings account, with a minimum balance of $500.
FVCbank pays $384 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while FVCbank pays $385 - an APY advantage for 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.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
FVCbank offers a significant advantage with its Advantage Direct Savings account, providing a competitive APY of 3.85%, making it the clear winner in this comparison. In contrast, Bank of America’s Advantage Savings account yields a mere 0.01% APY. FVCbank's product is online-only and requires a minimum deposit and balance of $500, but it has no maintenance fees or direct deposit requirements, making it simple to manage. Bank of America, while offering a robust mobile app experience, charges an $8 monthly fee unless certain conditions are met. Overall, FVCbank stands out for its higher returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Bank of America vs. FVCbank Savings Calculator
You earn $384 more with FVCbank 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
FVCbank
Advantage Direct Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | FVCbank |
|---|---|---|
| APY | 0.01% Verified: 1/21/2026 Stable (90d) | 3.85% Verified: 1/21/2026 ↘︎ 0.25%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 |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Available Integrated into mobile app. |
| 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 | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteVerify at FVCbank Non-sponsored link to official site |
📈 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 | -8.4 |
Days Since Change | 36 | 81 |
10-Month High | 0.03% | 4.55% |
10-Month Low | 0.01% | 3.85% |
Adjustments / Mo | 0.19 | 0.78 |
Volatility Score | 0.128 | 0.064 |
How to read these metrics(Click to expand)
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