Bank of America $500 Savings Promotion [Nationwide] *Targeted*

Bank of America is currently offering nationally targeted customers the chance to earn up to a $500 bonus with a new savings account and meeting certain requirements. Below is all the information and details you need to earn your Bank of America $500 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 another offer from Bank of America, checkout our review of the Bank of America Checking Savings Bonus.

Bank of America $500 Savings Bonus Summary

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

• Bonus Offer: Bank of America $500 Savings Bonus
• Availability: Nationwide (Bank Locator)
• Expiration: 08/08/2019
• Credit Inquiry: Soft Pull
• Credit Funding: None, but you can fund with debit card up to $250
• Opening Deposit Requirement: $100
• Direct Deposit Requirement: Yes
• Monthly Service Fee: $8 see below on how to waive
• Early Termination Fees: Account must be opened for 90 days to receive the bonus
• Promo Code(s): None listed

Application Link

Bank of America $500 Savings Bonus: There is no direct link to this promotion as this offer is targeted to select residents. If you were targeted by Bank of America, be sure to open a savings account today!

If you are interested in more Bank of America Bank Deals, Bonuses, and Promotions, see our compiled list of Bank of America Promotions.

Bonus Requirements

Take three steps to earn up to $500:

1. Have a new or existing eligible savings account. Excludes Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), Minor/Student savings accounts and fiduciary accounts such as trust accounts.
2. Make qualifying deposits of $20,000 or more in new money into your eligible savings account within 30 days of enrolling in this offer.
   1. $200 Bonus: $20,000 to $49,999 new money deposits
   2. $300 Bonus: $50,000 to $99,999 new money deposits
   3. $500 Bonus: $100,000 or more new money deposits
3. Maintain qualifying deposits in your eligible savings account for 90 days following enrollment in this offer.

Avoid Monthly Fees

• 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

The Bank of America $500 Savings Bonus is somewhat difficult to earn in that first you must be targeted for this offer and next you must deposit at least $20,000 to earn the lowest savings bonus. I would only consider this offer if you have $20,000 or more to deposit into an account that you do not wish to use.

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!

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