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Discover your benefits and rewards

There are 3 tiers in Preferred Rewards. Your tier is based on your qualifying combined balances in your Bank of America® banking and/or Merrill Edge® and Merrill Lynch® investment accounts. As your qualifying balances grow, so do your benefits. Once enrolled, we'll move you up automatically when your balances qualify you for the next rewards tier.

Explore the benefits you could receive as a Preferred Rewards client.

Preferred Rewards gives you benefits based on the balances in your Bank of America® banking and Merrill Edge® investment accounts. Learn more and then simply enroll in Preferred Rewards.

Explore the benefits

Displayed benefits are for the following amount:
Display Gold tier content Display Platinum tier content Display Platinum Honors tier content
       
$0
Gold
Platinum
Platinum Honors
     
Gold $20,000 - $50,000
Platinum $50,000 - $100,000
Platinum Honors $100,000+
3-month average combined balance

  • Earn more for every dollar you save

    An interest rate booster on a Rewards Money Market Savings account.Footnote1

    For example, if the interest rate on a Rewards Money Market Savings account is 1.00%, a 5%5%10%20% rate booster would increase the interest rate to 1.05%1.05%1.10%1.20%. This interest rate is for illustration only. Visit the Rewards Money Market Savings page on bankofamerica.com for current rates.

    Gold
    5% interest rate booster
    Platinum
    10% interest rate booster
    Platinum Honors
    20% interest rate booster
  • A rewards bonus on eligible Bank of America credit cards.Footnote 2

    Eligible credit cards earn a 25%, 50% or 75% rewards bonus.

    For example, if you have a cash back credit card and you redeem $100 into a Bank of America checking or savings account, your total cash back would increase to $125$125$150$175.

    Review card eligibility guidelines

    Gold
    25% rewards bonus
    Platinum
    50% rewards bonus
    Platinum Honors
    75% rewards bonus
  • Non-Bank of America ATM transactions when you need them

    No-fee ATM transactions (withdrawals, balance inquiries and balance transfers) with a Bank of America debit or ATM card at non-Bank of America ATMs in the U.S. Footnote3

    Gold
    N/A
    Platinum
    up to 12/year (1 withdrawal, balance inquiry and balance transfer each per statement cycle)
    Platinum Honors
    unlimited
  • Preferred pricing with Merrill Edge

    $0 online equity and ETF trades Footnote4 with a Merrill Edge online investment account.

    Other fees may apply.

    Plus, get access to Merrill Edge MarketPro®, a fully customizable trading platform5.

    Gold
    N/A
    Platinum
    up to 30 per month

    Plus Merrill Edge MarketPro®
    Platinum Honors
    up to 100 per month

    Plus Merrill Edge MarketPro®
  • The fast track for client service

    Priority service through the Preferred Rewards Center, a dedicated team of specialists available to handle product and service needs.

  • Preferred Rewards mortgage benefits

    Save at closing on a new Bank of America purchase or refinance loan with a reduction in the Origination Fee, based on your Preferred Rewards tier.

    Gold
    $200
    Platinum
    $400
    Platinum Honors
    $600
  • Drive away with an interest rate discount

    Want to get an even better rate? As a Preferred Rewards client, you can receive a 0.25%, 0.35% or 0.50% interest rate discount on a new Bank of America auto purchase or refinance loan.

    Gold
    0.25%
    Platinum
    0.35%
    Platinum Honors
    0.50%
  • Banking made better with no-fee services

    Enjoy fee waivers on everyday services for Bank of America personal checking and savings accounts:

    • Monthly maintenance fees waived on up to 4 eligible checking and 4 savings accounts from Bank of America
    • No fees for ATM or debit card replacement including rush replacement, standard check orders, cashier’s checks, Check Image Service, check copies, stop payments and incoming domestic wire transfers
    • Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit

    Platinum and Platinum Honors tier clients also enjoy:

    • No fees for incoming international wire transfers and a small safe deposit box

Enroll in Preferred Rewards

There are no fees to join or participate in Preferred Rewards. Here's all you need to enroll:

To learn more or enroll today:

♦ Other fees may apply. Sell trades are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill Edge pricing, visit merrilledge.com/pricing.

You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America® personal checking account and maintain a 3-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill Edge® and Merrill Lynch® investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. The combined balance is calculated based on your average daily balance for a three calendar month period. SafeBalance Banking® accounts do not count toward the account or balance requirements, and do not receive the fee waivers and other benefits of the program. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. The Preferred Rewards Gold tier does not include the $0 online equity and ETF trades via Merrill Edge®, a benefit that is currently available at the Platinum and Platinum Honors tiers of Preferred Rewards. Platinum Privileges® clients who enroll in Preferred Rewards and qualify for the Gold tier could potentially lose this benefit.

1.
The Rewards Money Market Savings interest rate booster is only available to customers enrolled in the Preferred Rewards program. Your enrollment in Preferred Rewards will not automatically convert any existing money market savings account to a Rewards Money Market Savings account without your request. If your enrollment in the Preferred Rewards program is discontinued, the interest rate booster may be discontinued. The interest rate in the interest rate booster example is for illustrative purposes only. For current interest rate information, view our Rewards Money Market Savings rates.
2.
Enrolled clients with eligible credit cards can receive the Preferred Rewards Bonus in one of two ways: 1) For BankAmericard Cash Rewards™ credit cards, the Preferred Rewards Bonus will be applied when you redeem cash rewards into a Bank of America® checking or savings account or an eligible Merrill Lynch Cash Management Account®. For example, if you redeem $100 in cash rewards, we will add $25, $50 or $75 to your redemption amount, based on your tier when you redeem. Redemptions for a statement credit or personal check will not receive the Preferred Rewards Bonus. 2) For all other eligible credit cards (such as BankAmericard Travel Rewards® cards), the Preferred Rewards Bonus will be added to the base rewards you earn with each purchase. For example, if you earn 100 base rewards, we will add 25, 50, or 75 bonus rewards, based on your tier when the purchase posts to your account. The Preferred Rewards Bonus will replace the 10% customer bonus you may receive with your card(s). Any other bonus rewards (e.g. account-opening bonuses and merchant-based bonuses) will not receive the Preferred Rewards Bonus. View a complete list of ineligible cards

Deposit Account Information. Minimum opening deposit requirements vary by account. Regular Savings account requires a minimum opening deposit of $25, and Bank of America Interest Checking account requires a minimum opening deposit of $100. Annual Percentage Yields (APYs) for these and other deposit accounts, accurate as of today’s date, can be found by selecting the account on bankofamerica.com. Rates may change after the account is opened and may vary by state. Fees could reduce earnings. Review the Personal Schedule of Fees for your state, also available at financial centers.
3.
Preferred Rewards Platinum and Platinum Honors tier clients using a Bank of America debit or ATM card will not be charged the non-Bank of America ATM fee and will receive a refund of the ATM operator or network fee for withdrawals, balance inquiries and balance transfers (1 each per statement cycle for Platinum tier clients, unlimited for Platinum Honors tier clients) from non-Bank of America ATMs in the U.S. and U.S. territories.
4.
Eligibility: Commissions are only waived for online equity and ETF trades conducted via an individual or jointly owned self-directed personal CMA® or IRA account.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) waives its commission fee for:
-30 monthly online equity and ETF trades for Platinum tier clients
-100 monthly online equity and ETF trades for Platinum Honors tier clients
For details about commissions, transaction fees and any other fees that may apply, visit merrilledge.com/pricing. Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. For full details about ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343) or visit merrilledge.com/$0detail.
5.
Merrill Edge MarketPro® is available to clients who maintain a Merrill Edge® self-directed relationship. To qualify, you must be a Preferred Rewards Platinum or Platinum Honors tier client, or maintain total combined balances of $50,000 or more in your Merrill Edge® and Merrill Lynch® investment accounts and Bank of America®, N.A. deposit accounts, or make at least 15 self-directed trades per quarter. Not available to investment professionals or for trust accounts and business accounts. Relationship requirements and pricing are subject to change. See merrilledge.com/marketpro for details.
6.
The mortgage origination fee reduction is available to clients who are enrolled or are eligible to enroll in Preferred Rewards at the time of application for a new purchase or refinance loan (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). Amount of the reduction ($200 for Gold tier, $400 for Platinum tier and $600 for Platinum Honors tier) is based on your eligible tier at the time of mortgage application and is not subject to adjustment. This reduction will not exceed the amount of the Lender Origination Fee. Eligibility will be available three or more business days after the end of the calendar month in which you satisfy the requirements. For details on requirements, visit the Preferred Rewards Addendum to the Personal Schedule of Fees. Benefit is non-transferable.
7.
Auto loan preferred interest rate discount of 0.25% to 0.50% is valid only for customers who are enrolled in Preferred Rewards or Banking Rewards for Wealth Management at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum preferred interest rate discount on a Bank of America auto loan is 0.50%. This preferred interest rate discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on new auto loans through a financial center, contact center or online and are not available on dealer financing. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.
8.
Visit the Bank of America Preferred Rewards page on bankofamerica.com for a list of no-fee banking services.

Some Merrill Edge benefits may be available to customers with less than $20,000 in investable assets. Please speak with a Financial Solutions Advisor for more information about Merrill Edge. Merrill Lynch clients with an active, eligible Bank of America personal checking account and a 3-month average combined balance of at least $20,000 can enroll in Preferred Rewards. Merrill Lynch clients with a 3-month average combined balance of at least $250,000 and an active, eligible Bank of America personal checking account or eligible Merrill Lynch account and all U.S. Trust® clients are eligible for the Banking Rewards for Wealth Management program. Please speak with your Merrill Lynch financial advisor or U.S. Trust advisor for more information.

Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing. MLPF&S is a registered broker-dealer, member SIPC and a wholly owned subsidiary of Bank of America Corporation.

Merrill Lynch makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation.

U.S. Trust operates through Bank of America, N.A., and other subsidiaries of Bank of America Corporation ("BofA Corp.").

Banking and mortgage and Home Equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Bank of America, N.A. Equal Housing Lender Equal Housing Opportunity Lender (icon)

Credit card programs are issued and administered by Bank of America, N.A.

Investment products are provided by MLPF&S and:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Some accounts, services, and fees vary from state to state. Please review the Personal Schedule of Fees for your state, also available at your local financial center.

"Get more rewards with your everyday banking", and BankAmericard Cash Rewards are trademarks and Merrill Edge, Merrill Lynch, the Bull Symbol, Merrill Lynch Cash Management Account, U.S. Trust, BankAmericard Travel Rewards, Bank of America Accolades, Merrill Edge MarketPro, the Bank of America Preferred Rewards logo, Platinum Privileges, SafeBalance Banking, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.