Bank of America vs. TIMBR
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bank of AmericaAdvantage Savings Jan 21, 2026 | TIMBRPremium Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 0.01% | 4.15% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
Min Deposit | $100 | $1,000 |
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 Minimums |
Comparison Analysis
Comparing Bank of America vs. TIMBR
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to TIMBR's 4.15% APY for its Premium Savings Account, with a minimum balance of $0.
TIMBR pays $414 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while TIMBR pays $415 - an APY advantage for TIMBR.
Why Bank of America?
- ✓Higher rated iOS app (4.8 vs 0.0)
- ✓Higher rated Android app (4.6 vs 0.0)
- ✓Fast transfers via Zelle® (up to $3,500 a day)
Why TIMBR?
- ✓Higher potential APY (4.15% 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. $415 vs $1/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1038 vs $3/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.15% 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 $414 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
TIMBR offers a significantly higher APY of 4.15% on its Premium Savings Account, making it a clear choice for savers looking for better returns. This online-only account requires a minimum deposit of $1,000 but has no maintenance fees or direct deposit requirements, providing a straightforward savings option. In contrast, Bank of America’s Advantage Savings account yields only 0.01% APY and requires a minimum deposit of $100, along with a monthly maintenance fee of $8, though this fee can be waived under certain conditions. While Bank of America boasts a highly-rated mobile app, TIMBR stands out for its superior interest rates and simplicity.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Bank of America vs. TIMBR Savings Calculator
You earn $414 more with TIMBR 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | TIMBR |
|---|---|---|
| APY | 0.01% Verified: 1/21/2026 Stable (90d) | 4.15% Verified: 1/21/2026 ↘︎ 0.25%90d Change |
| 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- |
| 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 TIMBR Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | TIMBR |
|---|---|---|
| Advantage Savings | Premium Savings Account | |
Current APY | 0.01% | 4.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -1.6 |
Days Since Change | 36 | 13 |
11-Month High | 0.03% | 4.55% |
11-Month Low | 0.01% | 4.15% |
Adjustments / Mo | 0.18 | 0.18 |
Volatility Score | 0.123 | 0.018 |
How to read these metrics(Click to expand)
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