You can earn slightly higher rates by becoming a member of the Preferred Rewards program. The Bank of America Advantage Savings Account pays low savings rates overall. You'll also find online banks with rates that are much more competitive. Keep in mind both national banks pay less than the average savings account.

To earn 0.02% APY on the Chase Premier Savings Account, you'll need to have Chase Premier Plus Checking℠ or Chase Sapphire℠ Checking, and make at least five monthly transactions from your checking account. You'll earn 0.01% APY with Chase Savings℠, and 0.01% to 0.02% APY with the Chase Premier Savings℠ Account. Wells Fargo pays a slightly higher savings rate than Chase. We've compared the Wells Fargo Platinum Savings Account to two other national banks: Chase savings rates and Bank of America savings rates. How Wells Fargo Bank Savings Rates Compare But if you're open to banking online, you may want to open a high-yield savings account with a different bank so you can earn more. The Wells Fargo Way2Save® Savings Account pays a low rate, but it has other perks like an automatic savings tool.

If you want an in-person bank, Wells Fargo could be a decent option for a savings account.

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