Bank of America CD rates
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Bank of America offers a range of certificates of deposit that may appeal to customers looking for a bank with a nationwide footprint. The minimum deposit to open a standard CD is reasonable at $1,000, but there’s a trade-off: Yields offered on Bank of America’s CDs are relatively low compared with other banks’ offerings.
Bank of America CD rates
Bank of America offers three types of CD accounts:
- Standard Term CDs
- Featured CDs
- Flexible CDs
Featured CDs generally offer higher APYs than the standard CDs offered by Bank of America.
Here’s a closer look at the CDs Bank of America has to offer.
| Account | Term | APY | Minimum deposit |
|---|---|---|---|
| Featured CD | 7 months | 5.00% | $1,000 |
| Featured CD | 10 months | 0.05% | $1,000 |
| Featured CD | 13 months | 4.90% | $1,000 |
| Featured CD | 25 months | 3.00% | $1,000 |
| Featured CD | 37 months | 0.05% | $1,000 |
| Standard Term CD | 28 – 89 days | 0.03% | $1,000 |
| Standard Term CD | 90 – 179 days | 4.00% | $1,000 |
| Standard Term CD | 6 – 120 months | 0.03% | $1,000 |
| Flexible CD | 12 months | 4.25% | $1,000 |
Note: Annual percentage yields (APYs) shown were last updated on July 9, for accounts opened in New York and may vary by region.
How Bank of America CDs compare to top-yielding banks
Bank of America offers CDs with a range of term lengths to help you build your savings based on your timeline. A Bank of America CD can help grow your savings, but many banks offer higher CD rates.
The top six-month CD is yielding around 5.35% APY as of Jul 9. Bank of America’s six-month CD – and most of its standard term CDs – are yielding well below the national average.
Other savings options at Bank of America
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