This BofA savings account program allows you to save a little money every time you make a purchase with your Bank of America credit card.  If you are purchasing a coffee at Starbucks that costs $2.04, Bank of America online banking will charge your Bank of America credit card $3.00, giving $2.04 to Starbucks for the coffee and transferring $0.96 to your Bank of America savings account.

But Keep the Change is more than just a way for you to be forced to save your own money.  Bank of America online banking matches your contribution 100% during your first three months of the year and then matching at 5% for the rest of the year up to a maximum of $250 per year.  While we would like to see the 5% matching not be capped at $250 per year, this is a great way to save an extra $250.  This Bank of America matching program significantly increases the effective savings rate paid on you BofA savings account.

We hope that you enjoyed this review of the Bank of America Keep the Change savings account program.  If you are a participant in this BofA savings account program, please tell us about your experience in the comments below.