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Bank of America vs Raisin


 Bank of America
Member FDIC
 Learn MoreLearn More
 

Bank of America

Raisin

OFFER
Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer

Read Bank of America Review

SPECIAL OFFER
No Penalty CDs - Learn More

Read Raisin Review

 

Benefits and Features

SavingsBank of America Advantage Savings Standard Rate: 0.01% APY 
CD
  • 7-Month CD - 3.51% APY
  • 10-Month CD - 2.95% APY
  • 13-Month CD - 2.00% APY
  • 25-Month CD - 1.75% APY
  • 37-Month CD - 0.11% APY
  • 1-Month CD - 0.03% APY
  • 120-Month CD - 0.03% APY
 
Checking
Check
 
Mobile App
iOS & Android
 
ATMs
Approximately 15,000+ ATMs
 
Customer Service
  • Monday -Friday: 8AM - 9PM ET
  • Saturday: 9AM - 6PM ET
  • Sunday: 8AM - 5PM ET
 
FAQ 
  • Where are my funds held? Your account is opened through Raisin, an online savings marketplace partnering with over 40 federally insured US banks and credit unions. However, your funds are held in a custodial account with the bank or credit union that is providing your savings account.
  • Are my deposits insured? Yes. all banks and credit unions on the Raisin platform is FDIC or NCUA insured. For each institution, your funds are insured up to $250,000 per depositor.
  • Are there any fees? No, there are no monthly service fees, account opening fees, or account closing fees.
  • How long do deposits and withdrawals take? All deposits and withdrawals are completed within one to three (1-3) business days.
  • How do I access my money? You have 24/7 online access. To withdraw money, just transfer it back to your linked bank account.
IRA CD
Check
 
Locations
3,700 financial centers
Online only
 

CreditDonkey® Reviews

 Bank of America
SavingsStarStarStarStarStar
CDStarStarStarStarStar
Money MarketStarStarStarStarStar
Mobile AppStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • Multiple savings accounts in one place
  • No monthly fee
  • $1 minimum
Cons:
  • No checking accounts
  • Smaller banks & credit unions
Bottom Line Read full reviewOnline savings platform offering some of the highest APYs in the nation... Read full review
 Learn MoreLearn More

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Bank of America: Pricing information from published website as of 07/10/2026 based on 91107 zip code.

    Bank of America
    Member FDIC

    Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer

    Learn More
    • New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
    • Bank of America N.A. Member FDIC.
    Bank of America
    Member FDIC

    Bank of America Advantage Relationship Banking® - Up to $500 Bonus Offer

    Learn More
    • New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
    • Bank of America N.A. Member FDIC.
    Bank of America
    Member FDIC

    Bank of America Advantage SafeBalance Banking® - $100 Bonus Offer

    Learn More
    • New checking customers only: Get a $100 bonus offer after completing qualifying transactions. See offer page for more details
    • Bank of America N.A. Member FDIC.

    Articles on Bank of America

    Bank of America Review

    Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

    Bank of America Problems

    Bank of America may be one of the biggest banks, but many customers find a lot of issues with their banking services. What are they? Keep reading.

    Bank of America CD Rates

    Bank of America is one the biggest banks in the U.S. But are their CD rates worth it? Read on to find out.

    How to Close a Bank of America Account

    Want to close your Bank of America account? Learn how and what you need to do before you close your account.

    Bank of America Hours

    Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

    Bank of America Routing Number

    Find your Bank of America routing number and learn about money transfers in our guide.

    Articles on Raisin

    Is Raisin Safe and Legit

    Raisin offers great savings accounts with impressive APYs to boost your savings. But is it safe to use? Read on to find out.

    Raisin Review

    Unravel the truth about Raisin's safety and legitimacy in this review.

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