Bank Of America vs Timbr
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Bank of America vs. TIMBR
As of September 5, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to TIMBR's 4.40% APY for its Premium Savings Account, with a minimum balance of $0.
TIMBR yields $439 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while TIMBR pays $440 - an APY advantage for TIMBR.
Bank of America
Strengths
- Bank of America has an A+ BBB rating.
- The Advantage Savings account has a low minimum deposit of $100.
Potential Drawbacks
- The current APY for Advantage Savings is only 0.01%.
- Bank of America charges an $8 monthly maintenance fee.
TIMBR
Strengths
- TIMBR offers a high APY of 4.40% for the Premium Savings Account.
- There are no maintenance fees for the Premium Savings Account.
Potential Drawbacks
- The Premium Savings Account requires a minimum deposit of $1,000.
- TIMBR is not BBB Accredited despite its A+ rating.
Summary: Bank of America offers a low APY of 0.01% with an $8 monthly fee, while TIMBR provides a competitive 4.40% APY with no fees. However, TIMBR requires a higher minimum deposit of $1,000. Both banks have an A+ BBB rating, but TIMBR is not BBB Accredited.
Compare Bank of America's vs TIMBR's Savings Accounts
| Bank of America | TIMBR | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Premium Savings Account |
| APY | 0.01% (as of 9/5/2025) | 4.40% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $100 | $1,000 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | No | |
| Note | 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. | ||
| App Store Rating | 4.8/5 | No | |
| Google Play Rating | 4.6/5 | No | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Bank of America | TIMBR | ||
|---|---|---|---|
| Product | Advantage Savings | vs | Premium Savings Account |
| Latest APY | 0.01 % | 4.40 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -2.7 | |
| Rate Changes / Mo | 0.00 | 0.15 | |
| Days Since Last Change | 198 | 144 | |
| High (-6 m) | 0.01 % | 4.55 % | |
| Low (-6 m) | 0.01 % | 4.40 % | |
| Draw-down from High | 0.0 % | -3.3 % | |
| Volatility (CV) | 0.000 | 0.015 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 198 days.
- Low (-6 m)
- Lowest APY in the last 198 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Bank of America vs TIMBR
All calculations are based on APY.
Bank of America
APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewTIMBR
APY: 4.40%
Total savings breakdown:
- Interest earned: $2,694.7 (13.02%)
- Total contributions: $13,000 (62.82%)
- Initial deposit: $5,000 (24.16%)
Your total balance
$20,694.70
Effective APY: 4.40% (based on your deposit and contributions)
Total balance: $20,694.7
Earnings: $2,694.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,689 lower than TIMBR's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Bank of America's APY of 0.01% with other banks
Compare TIMBR's APY of 4.40% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TIMBR vs Ally Bank | 3.50% | $0 |
| TIMBR vs American Express | 3.50% | $0 |
| TIMBR vs Axos Bank | 4.46% | $0 |
| TIMBR vs Barclays | 4.10% | $0 |
| TIMBR vs BrioDirect | 4.30% | $5,000 |
| TIMBR vs Capital One | 3.50% | $0 |
| TIMBR vs Chase Bank | 0.01% | $0 |
| TIMBR vs Chime | 3.75% | $0 |
| TIMBR vs CIT Bank | 4.00% | $100 |
| TIMBR vs Discover Bank | 3.50% | $0 |
| TIMBR vs Elevault | 4.60% | $0 |
| TIMBR vs EverBank | 4.30% | $0 |
| TIMBR vs Fitness Bank | 4.75% | $100 |
| TIMBR vs FVCbank | 4.35% | $500 |
| TIMBR vs GO2bank | 4.50% | $0 |
| TIMBR vs Marcus by Goldman Sachs | 3.65% | $0 |
| TIMBR vs Neighbors Bank | 4.60% | $0 |
| TIMBR vs Newtek Bank | 4.35% | $0 |
| TIMBR vs Peak Bank | 4.35% | $100 |
| TIMBR vs Pibank | 4.60% | $0 |
| TIMBR vs Presidential Bank | 4.50% | $5,000 |
| TIMBR vs Santander Bank | 0.03% | $25 |
| TIMBR vs SoFi Bank | 3.80% | $0 |
| TIMBR vs Synchrony Bank | 3.80% | $0 |
| TIMBR vs UFB Direct | 4.21% | $5000 |
| TIMBR vs Varo Bank | 5.00% | $0 |
| TIMBR vs Wells Fargo | 2.51% | $25 |
| TIMBR vs Zynlo Bank | 4.35% | $10 |