A certificate of deposit typically earns higher interest than a traditional savings account. View Bank of America CD rates and account options. Compare CD accounts

A CD layer typically earns higher interest than a traditional savings account

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Featured CD account

Early withdrawal penalty applies. See details below. Learn moreGet started with Feature CD Account layer |

Fixed Term CD account

Early withdrawal penalty applies. See details below. Learn moreGet started with Fixed Term CD Account layer |

Flexible CD account

Early withdrawal penalty applies. See details below. Learn moreGet started with Flexible CD Account layer |

|—|—|—|—| | Minimum opening deposit($250,000 maximum when opening online.) | $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:7 month to 37 month.See available terms and rates layer | Choose any term:28 days to 10 years.These products will automatically renew for the same term.See available terms and rates layer | Open a 12 month term online. | | Annual percentage yield (APY) | For Featured CD AccountXXXX–XXXX%adatextdepending on balance and term | For Standard Term CD AccountXXXX–XXXX%adatextdepending on balance and term | For Flexible CD AccountXXXX–XXXX%adatextdepending on balance and term | | Auto Renewal | At maturity, 7, 10, 13, 25 and 37 Month Featured CDs will automatically renew into a 3 Month Flexible CD unless you make a change during the 7-day grace period. The current APY on the 3 Month Flexible CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY. | 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 3 Month Flexible CD unless you make a change during the 7-day grace period. The current APY on the 3 Month Flexible CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY. | | 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, seeDeposit Agreements and Disclosures andDeposit Rate Sheet. | 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, seeDeposit Agreements and Disclosures andDeposit Rate Sheet. | 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). SeeDeposit Agreements and Disclosures andDeposit Rate Sheet for more detail about the penalty calculation. |

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.

Early withdrawal penalty applies. See details below.

Early withdrawal penalty applies. See details below.

Early withdrawal penalty applies. See details below.

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.

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.

Once you’ve chosen a term and made your deposit, your rate is fixed for the length of your term. Early withdrawal penalty applies.

FDIC insurance

FDIC insurance up to the applicable limits.

Learn more about FDIC insurance FDIC insurance up to the applicable limits.

Learn more about FDIC insurance

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.

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.

Why choose Bank of America?

Savings or CDs –

which is right for you?

Great!

Before we open your Fixed Term CDFeatured CDFlexible CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.

Terms available for Fixed Term CDFeatured CD:Term Select menu for TermTermOpening deposit amount Select menu for Opening deposit amountOpening deposit amountFor deposits over $250,000, visit a financial center to open your account.

Fixed Term CDFeatured CDFlexible CD ( )

Open nowExplore more Featured CD rates

Open nowExplore more Fixed Term CD rates

Open nowExplore more Flexible CD rates

Choose the desired term, then the deposit amount to see rate options.Term Select menu for TermTermOpening deposit amount Select menu for Opening deposit amountOpening deposit amount For deposits over $250,000, visit a financial center to open your account.

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