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Help grow your savings
with a CD Help grow your savings
with a CD Help grow your savings
with a CD
Compare CD accounts
Compare CD accounts
Did you know?
A CDlayer typically earns higher interest than a traditional savings account
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Compare CD options
Featured CD accountEarly withdrawal penalty applies. See details below.Learn more Get started with Feature CD Accountlayer | Fixed Term CD accountEarly withdrawal penalty applies. See details below.Learn more Get started with Fixed Term CD Accountlayer | Flexible CD accountEarly withdrawal penalty applies. See details below.Learn more Get started with Flexible CD Accountlayer | |
|---|---|---|---|
Minimum opening deposit | $1,000 | $1,000 | $1,000 |
FDIC insured? | Deposits are insured by the FDIC up to $250,000 per depositor. | Deposits are insured by the FDIC up to $250,000 per depositor. | Deposits are insured by the FDIC up to $250,000 per depositor. |
Term | Choose from multiple options: | Choose any term: | Open a 12 month term online. |
Annual percentage yield (APY) | For Featured CD AccountXXXX–XXXX%adatext depending on balance and term | For Standard Term CD AccountXXXX–XXXX%adatext depending on balance and term | For Flexible CD AccountXXXX–XXXX%adatext depending on balance and term |
Auto Renewal | At maturity, 7, 10, 13, 25 and 37 Month Featured CD accounts will automatically renew into a Fixed Term CD account with the same term length unless you make a change during the 7-day grace period. Today's APY of these Fixed Term CDs is 0.03%. Your rate will be determined at maturity. | At maturity, Fixed Term CDs renew into Fixed Term CDs of the same term length unless you make a change during the 7-day grace period. | At maturity, a 12 Month Flexible CD will automatically renew into a 9 Month Flexible CD unless you make a change during the 7-day grace period. Today’s APY of the 9 Month Flexible CD is 0.01%. Your rate will be determined at maturity. |
Additional deposits allowed? | For Featured CD Account No additional deposits until maturity | For Standard Term CD AccountNo additional deposits until maturity | For Standard Term CD AccountNo additional deposits until maturity |
Early withdrawal penalty? | An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your CD. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. For more detail about the penalty calculation and how grace periods are determined, see | An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your CD. If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. For more detail about the penalty calculation and how grace periods are determined, see | We will waive the early withdrawal penalty except in connection with any withdrawals you request within the first 6 days of the account term (or the first 6 days following any partial withdrawal). See |
Get more details about our CDs
What is a CD (Certificate of Deposit)?
A CD (certificate of deposit) is a type of deposit account that’s payable at the end of a specified amount of time (referred to as the term). CDs generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts, depending on the market. These accounts typically provide security for longer-term savings and no monthly fees, but at the cost of access and liquidity of the funds.
What you'll get with any CD account
Locked rates
Once you've chosen a term and made your deposit, your rate is fixed for the length of your term. Early withdrawal penalty applies.
Automatic renewals
We’ll automatically reinvest your funds at the end of the term. You’ll get a maturity notice beforehand in case you'd rather redeem your CD.
Other savings accounts available
Everyday savings
A more flexible account with faster access to cash
Learn more about savings accounts
Retirement planning
Consider an IRA to help maximize your returns
Learn more about IRAs
Why choose Bank of America?
Why choose Bank of America?
Financial network
Get unlimited access to our network of financial centers. Our specialists are ready to help.
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Bank of America
Preferred Rewards
Get more rewards with your everyday banking™
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Merrill Edge
Looking for a full range of investment choices?
More help managing money
Savings or CDs –
Savings or CDs –
which is right for you?
Account options made simple
- Saving for short-term financial goals
- How do CDs work?
- Saving and investing: From under the mattress to an IRA
Great!
Before we open your Fixed Term CDFeatured CDFlexible CD, choose your:
Terms available for Fixed Term CDFeatured CD:
For deposits over $250,000, visit a financial center to open your account.
Fixed Term CDFeatured CDFlexible CD ()
| Amount | Interest Rate | APYAnnual Percentage Yield (APY) |
|---|
Open now Explore more Featured CD rates
Open now Explore more Fixed Term CD rates
Open now Explore more Flexible CD rates
For deposits over $250,000, visit a financial center to open your account.
| Amount | Interest Rate | APYAnnual Percentage Yield (APY) |
|---|
Rates
Choose the desired term, then the deposit amount to see rate options.
For deposits over $250,000, visit a financial center to open your account.
| Amount | Interest Rate | APYAnnual Percentage Yield (APY) |
|---|
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Need more info about CD accounts?
- Complete a saved application
- Deposit Agreement and Disclosures
- Personal Schedule of Fees
- Bank account interest rates
Contact us
- Schedule an appointment
- Schedule an appointment
- Call us
- Phone number: 844.375.7027
