Bank of America vs. TIMBR
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
TIMBR
Premium Savings Account
4.40%APYDec 6, 2025FDIC InsuredLow MinimumsShow Fine Print & Trends Hide Details
TIMBR
Premium Savings Account
Comparison Analysis
Comparing Bank of America vs. TIMBR
Why Bank of America?
- ✓Higher rated iOS app (4.8 vs 0.0)
- ✓Higher rated Android app (4.6 vs 0.0)
Why TIMBR?
- ✓Higher potential APY (4.40% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $440 vs $1/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1100 vs $3/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.40% 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. 0.0) and Android app rated 4.6 (vs. 0.0)
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $439 more interest on a $10,000 balance than Bank of America's Advantage Savings.
Executive Summary
TIMBR offers a significant advantage with its Premium Savings Account, boasting an impressive 4.40% APY, which far exceeds Bank of America's Advantage Savings at just 0.01% APY. The TIMBR account requires a minimum deposit of $1,000 but has no maintenance fees and is online-only, making it ideal for those seeking higher returns without complex conditions. In contrast, Bank of America does not require direct deposit and provides a mobile app rated highly for user experience, but its savings account yields are considerably lower. Overall, for those prioritizing higher interest earnings, TIMBR is the clear winner.
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 TIMBR.
| Feature | Bank of America | TIMBR |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 4.40% Verified: 12/6/2025 Stable (90d) |
| Product Name | Advantage Savings | Premium Savings Account |
| Minimum Deposit | $100 | $1,000 |
| Min. Balance for APY | N/A | $0 |
| 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 | iOS- Android- |
| 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
TIMBR earns $2,689 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$2,694.70(13.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,694.70
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 | TIMBR |
|---|---|---|
| Advantage Savings | Premium Savings Account | |
Current APY | 0.01% | 4.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -1.3 |
Days Since Change | 289 | 236 |
10-Month High | 0.01% | 4.55% |
10-Month Low | 0.01% | 4.40% |
Adjustments / Mo | 0.00 | 0.10 |
Volatility Score | 0.000 | 0.013 |
How to read these metrics(Click to expand)
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