Bank of America vs. Pibank
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
Pibank
Pibank Savings
4.60%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Pibank
Pibank Savings
Comparison Analysis
Comparing Bank of America vs. Pibank
Why Bank of America?
- ✓Higher rated iOS app (4.8 vs 2.4)
- ✓Higher rated Android app (4.6 vs 1.7)
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. 2.4) 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.
Executive Summary
Pibank offers a significantly higher APY of 4.60% on its Pibank Savings account, making it the clear winner over Bank of America's Advantage Savings, which has an APY of only 0.01%. Pibank's account has no minimum deposit requirement, no maintenance fees, and compounds daily, while Bank of America's account requires a minimum deposit of $100 and has an $8 monthly fee that can be waived under certain conditions. Additionally, Pibank's account is online-only, providing a straightforward savings option without the need for direct deposit or bundling, while Bank of America provides a mobile app rated highly for user experience.
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.
| Feature | Bank of America | Pibank |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 4.60% Verified: 12/6/2025 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 | iOS2.4 Android1.7 |
| 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 |
Savings Comparison
Pibank earns $2,820.1 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
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$2,825.80(13.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,825.80
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 | Pibank |
|---|---|---|
| Advantage Savings | Pibank Savings | |
Current APY | 0.01% | 4.60% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 |
Days Since Change | 295 | 295 |
10-Month High | 0.01% | 4.60% |
10-Month Low | 0.01% | 4.60% |
Adjustments / Mo | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Bank of America vs...
Comparing against Standard Savings
Compare Pibank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.