Bank of America vs. Pibank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 21, 2026 | PibankPibank Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.01% | 4.60% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$230 $10,000+$460 $25,000+$1,150 |
Min Deposit | $100 | $0 |
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 Minimums |
Comparison Analysis
Comparing Bank of America vs. Pibank
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Pibank's 4.60% APY for its Pibank Savings account, with a minimum balance of $0.01.
Pibank pays $459 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Pibank pays $460 - an APY advantage for Pibank.
Why Bank of America?
- ✓Higher rated iOS app (4.8 vs 2.3)
- ✓Higher rated Android app (4.6 vs 1.7)
- ✓Fast transfers via Zelle® (up to $3,500 a day)
Why Pibank?
- ✓Higher potential APY (4.60% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
PibankPibank's Pibank Savings earns more on smaller deposits (approx. $460 vs $1/yr).
Better Returns at $25,000
PibankPibank's Pibank Savings pulls ahead with larger amounts (approx. $1150 vs $3/yr).
Best for Simplicity
PibankPibank's Pibank Savings offers 4.60% 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. 2.3) and Android app rated 4.6 (vs. 1.7)
Shared Benefits
Over a 1-year period, Pibank's Pibank Savings pays $459 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
Pibank offers a significantly higher APY of 4.60% on its Pibank Savings account, making it the clear winner compared to Bank of America's Advantage Savings, which yields only 0.01%. Pibank's account has no minimum deposit requirement and no maintenance fees, while Bank of America charges an $8 fee that can be waived under certain conditions. Additionally, Pibank's account compounds daily and is available online only, providing a straightforward savings option without the need for direct deposit. In contrast, Bank of America provides a more traditional banking experience with an emphasis on its mobile app, rated highly for user experience.
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
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Top Market Contenders
Bank of America vs. Pibank Savings Calculator
You earn $459 more with Pibank 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
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$460.00(4.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,460.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | Pibank |
|---|---|---|
| APY | 0.01% Verified: 1/21/2026 Stable (90d) | 4.60% Verified: 1/21/2026 Stable (90d) |
| Product Name | Advantage Savings | Pibank Savings |
| Minimum Deposit | $100 | $0 |
| 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 | iOS2.3 Android1.7 |
| 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 Pibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | Pibank |
|---|---|---|
| Advantage Savings | Pibank Savings | |
Current APY | 0.01% | 4.60% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 |
Days Since Change | 36 | 341 |
11-Month High | 0.03% | 4.60% |
11-Month Low | 0.01% | 4.60% |
Adjustments / Mo | 0.18 | 0.00 |
Volatility Score | 0.122 | 0.000 |
How to read these metrics(Click to expand)
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