Bank of America Savings Account: Earn 2.00% APY Rate [Nationwide] (Targeted)

Bank of America is offering targeted consumers in many states a chance to earn $500 bonus with a new checking and savings account and meeting certain requirements. Below is all the information and details you need to earn your Bank of America $500 Checking Savings Bonus!

In addition to the current promotion from Bank of America, you can also take advantage of a range of great promotions from Bank of America. There are also many promotions such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.

Editor’s Note: If you are interested in a savings promotion from Bank of America, be sure to checkout our review of the Bank of America Savings Promotion.

Bank of America $500 Checking Savings Bonus Summary

To earn your Bank of America $500 Checking Savings Bonus, simply open a new checking and savings account and meet the requirements.

• Bonus Offer: Bank of America $500 Checking Savings Bonus
• Availability: Many states (Bank Locator)
• Expiration: 05/01/2019
• Credit Inquiry: Soft Pull
• Credit Funding: None, but you can fund with debit card up to $250
• Opening Deposit Requirement: $25 to $100 depending on the account
• Direct Deposit Requirement: $4,000 or more in your new personal checking account within 90 days
• Monthly Service Fee: $4.95 to $25, see below on how to waive the fees
• Early Termination Fees: None listed
• Promo Code(s): Unique code will be mailed to you

Application Link

Bank of America $500 Checking Savings Bonus: If you are eligible for this bonus offer, visit your nearest branch or go online to apply!

Bonus Requirements

Take three steps to earn up to $500:

1. Open a Bank of America Advantage Banking account and use your unique offer code by May 1, 2019
2. Set up and receive qualifying direct deposits totaling $4,000 or more within 90 days of opening your new checking account.
3. Open a new Bank of America® Rewards Savings account by May 1, 2019.
4. Within 30 days of opening your new savings account, deposit $20,000 or more in new money and maintain that balance for at least 90 days.

Avoid Monthly Fees

 Checking Accounts

• Advantage SafeBalance Banking: $4.95 waived if you do ONE of the following:
  • Be enrolled in Preferred Rewards
  • Students under age 24 may be eligible for a monthly maintenance fee waiver while enrolled in school.
• Plus Banking: $12 waived if you do ONE of the following:
  • Have at least one qualifying direct deposit of $250+
  • Maintain a $1,500 minimum daily balance
  • Be enrolled in Preferred Rewards
  • Students under age 24 may be eligible for a monthly maintenance fee waiver while enrolled in school
• Relationship Banking: $25 waived if you do ONE of the following:
  • Maintain a combined balance of $10,000 or more in eligible linked accounts. Learn about combined balances
  • Be enrolled in Preferred Rewards

Savings Accounts

• Rewards Savings Account: $8 waived if you do ONE of the following:
  • Maintain a minimum daily balance of at least $500
  • Link your Rewards Savings account to your Bank of America Advantage Relationship Banking™ account (waiver applies to first 4 savings accounts)
  • When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)

Author’s Verdict

If you’re looking for a checking and savings account that comes with a bonus, consider this Bank of America $500 Checking and Savings Bonus. If you have the funds, you can earn a maximum bonus of $500. Furthermore, you will receive the best customer service the bank has to offer.

Let us know in the comment section below on your thoughts and experience with this bank! Be sure to check back on BankDealGuy for more bank promotions!

The Blue Cash Everyday® Card from American Express offers $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 18.24% to 29.24% variable APR. You'll earn: • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%. • 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%. • 1% back on other eligible purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout. There are no annual fees with this card (See Rates & Fees). Terms apply. Learn More About This Card