There are a lot of factors to consider when choosing a savings account, but one of the most important is whether or not the account is a good option for you. Bank of America has a variety of savings accounts that are perfect for different types of people. If you’re looking for an account that offers low interest rates and easy access to your money, then the Bank of America Savings Account is a great option. This account has no annual fees and offers 0.25% APY on all deposits. If you’re more interested in having some extra money saved up so you can use it when you need it, then the Bank of America checking account is a good choice. This account has no annual fees and offers 2% APY on all deposits. ichever savings account you choose, make sure to compare interest rates and features before signing up for any type of account.