Bank of America CD rates
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Bank of America offers a range of certificates of deposit (CDs) 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: Some yields offered on Bank of America’s CD terms 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 | 3.80% | $1,000 |
| Featured CD | 10 months | 3.45% | $1,000 |
| Featured CD | 13 months | 2.75% | $1,000 |
| Featured CD | 25 months | 2.00% | $1,000 |
| Featured CD | 37 months | 0.11% | $1,000 |
| Standard Term CD | 1 – 2 months | 0.03% | $1,000 |
| Standard Term CD | 3 – 5 months | 3.75% | $1,000 |
| Standard Term CD | 6 – 120 months | 0.03% | $1,000 |
| Flexible CD | 12 months | 3.25% | $1,000 |
Note: Annual percentage yields (APYs) shown were last updated on Jan. 16, 2025 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 4.60 % APY as of Feb. 22. 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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