Seeking to earn additional income by keeping your money idle in a certificate of deposit (CD) for a period of months or even years? Bank of America provides a wider array of term choices than possibly any other institution.
TL;DR
- Bank of America offers various CDs including fixed, flexible, and IRA options with terms from one month to ten years.
- Featured CDs provide higher APYs for limited durations, with a $1,000 minimum deposit and penalties for early withdrawal.
- Fixed-term CDs offer extensive duration choices but generally lower APYs compared to featured options.
- Flexible CDs allow penalty-free partial withdrawals after an initial period, with a $1,000 minimum deposit.
Bank of America’s CD rates may not be among the highest in the country, but there are still several decent options if you want to open an account here. You can also service your account in-branch, which is something you often can’t do with online banks that typically offer the best annual percentage yields (APY). It’s headquartered in Charlotte, North Carolina, and has been around for about 240 years. It’s the second-largest bank in the United States as of this writing.
When you open a CD with Bank of America, here's what you can anticipate. Note that rates might differ a bit depending on your location.
Rates are current as of Nov. 11, 2025 and are subject to change.
Bank of America personal CD rates and products
Bank of America, a prominent U.S. Financial institution, provides a diverse selection of CD options, including typical fixed-rate CDs and those with special annual percentage yields. They also feature adaptable CDs, CDs for individual retirement accounts (IRAs), and business-focused CDs.
Featured CDs
Bank of America provides a selection of special CD rates that significantly exceed those of its standard CDs. These limited-time offers span durations from seven to 37 months.
Bank details checked Nov. 11, 2025.
Fixed term CDs
Bank of America's fixed-rate certificate of deposit yields
Bank of America offers a wide array of 120 standard CD terms, providing considerable flexibility for your savings duration. Terms range from a minimum of one month up to a decade, which is advantageous for those planning CD laddering strategies. However, it's worth noting that the APY for many of these terms is not particularly impressive.
Bank of America fixed term CD rates
| Term length | APY |
|---|---|
| 28-89 days | 0.03% |
| 90-179 days | 3.25% |
| 6-11 months | 0.03% |
| 12-17 months | 0.03% |
| 18-23 months | 0.03% |
| 24-35 months | 0.03% |
| 36-47 months | 0.03% |
| 48-59 months | 0.03% |
| 60-119 months | 0.03% |
| 120 months | 0.03% |
| 28-89 days | |
|---|---|
| APY | 0.03% |
| 90-179 days | |
| APY | 3.25% |
| 6-11 months | |
| APY | 0.03% |
| 12-17 months | |
| APY | 0.03% |
| 18-23 months | |
| APY | 0.03% |
| 24-35 months | |
| APY | 0.03% |
| 36-47 months | |
| APY | 0.03% |
| 48-59 months | |
| APY | 0.03% |
| 60-119 months | |
| APY | 0.03% |
| 120 months | |
| APY | 0.03% |
Bank details checked Nov. 11, 2025.
Flexible CDs
Bank of America's Flexible CDs offer greater liberty for money withdrawals. These CDs, which don't impose penalties, allow you to take out parts of your funds before they mature without incurring fees. The exceptions are if you access your money within the initial six days of opening your account or six days following a prior withdrawal.
Bank of America flexible CD rates
| Term length | APY |
|---|---|
| 12 months | 2.85% |
| 3 months (renewal only) | 0.10% |
| 12 months | |
|---|---|
| APY | 2.85% |
| 3 months (renewal only) | |
| APY | 0.10% |
Bank details checked Nov. 11, 2025.
Bank of America IRA CD rates and products
IRAs commonly involve stock and bond investments. For a less risky investment with a sure return, consider a Bank of America IRA CD. However, what about what is an IRA CD?
These accounts, much like conventional CDs, are protected by The Federal Deposit Insurance Corp. (FDIC), ensuring your funds are safe, and they're a great choice when stock market fluctuations are a concern.
Bank of America’s IRA CDs similarly come in featured, fixed, and flexible options. They also offer familiar terms and APY, same as a standard featured CD. In addition to an early withdrawal penalty for touching your money before maturity, you may also be subject to an additional 10% fee from the IRS if you’re under 59 ½ years old, as IRAs are designed to help you save for retirement.
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Featured IRA CDs
For those considering an IRA CD from Bank of America, these are the ones to choose. The featured IRA CDs provide the best possible returns for sensible duration periods.
Bank of America featured IRA CD rates
| Term length | APY |
|---|---|
| 7 months | 3.65% |
| 10 months | 3.20% |
| 13 months | 2.25% |
| 25 months | 2.00% |
| 37 months | 0.11% |
| 7 months | |
|---|---|
| APY | 3.65% |
| 10 months | |
| APY | 3.20% |
| 13 months | |
| APY | 2.25% |
| 25 months | |
| APY | 2.00% |
| 37 months | |
| APY | 0.11% |
Bank details checked Nov. 11, 2025.
Fixed term IRA CDs
Fixed-term IRA CDs offer the most flexibility due to numerous available terms, though this comes at the cost of a lower APY in exchange for expanded account choices.
Bank of America fixed term IRA CD rates
| Term length | APY |
|---|---|
| 6-11 months | 0.03% |
| 12-17 months | 0.03% |
| 18-23 months | 0.03% |
| 24-35 months | 0.03% |
| 36-47 months | 0.03% |
| 48-59 months | 0.03% |
| 60-119 months | 0.03% |
| 120 months | 0.03% |
| 6-11 months | |
|---|---|
| APY | 0.03% |
| 12-17 months | |
| APY | 0.03% |
| 18-23 months | |
| APY | 0.03% |
| 24-35 months | |
| APY | 0.03% |
| 36-47 months | |
| APY | 0.03% |
| 48-59 months | |
| APY | 0.03% |
| 60-119 months | |
| APY | 0.03% |
| 120 months | |
| APY | 0.03% |
Bank details checked Nov. 11, 2025.
Flexible IRA CDs
Flexible IRA CDs offer a smart approach to investing, allowing you access to your funds when needed. However, be aware that if you're younger than 59 ½, the IRS will impose a 10% penalty on withdrawals, unless the withdrawal qualifies for an exception.
Bank of America flexible IRA CD rates
| Term length | APY |
|---|---|
| 12 months | 2.85% |
| 3 month (renewal only) | 0.10% |
| 12 months | |
|---|---|
| APY | 2.85% |
| 3 month (renewal only) | |
| APY | 0.10% |
Bank details checked Nov. 11, 2025.
Bank of America Business CD rates and products
With a Bank of America business CD, your company can invest its profits securely. Options include standard business CDs, special-rate business CDs, and no-penalty business CDs.
Business featured CDs
Business featured CDs again deliver the most impressive APY.
Bank of America Business featured CD rates
| Term length | APY |
|---|---|
| 7 months | 3.51% |
| 10 months | 3.20% |
| 13 months | 2.25% |
| 25 months | 2.00% |
| 37 months | 0.11% |
| 7 months | |
|---|---|
| APY | 3.51% |
| 10 months | |
| APY | 3.20% |
| 13 months | |
| APY | 2.25% |
| 25 months | |
| APY | 2.00% |
| 37 months | |
| APY | 0.11% |
Bank details checked Nov. 11, 2025.
Fixed term Business CDs
Fixed term Business CDs provide the greatest selection of term durations. While many terms are unremarkable, some stand out.
Bank of America fixed term Business CD rates
| Term length | APY |
|---|---|
| 28-89 days | 0.03% |
| 90-179 days | 0.03% |
| 6-11 months | 0.03% |
| 12-17 months | 0.05% |
| 18-23 months | 0.07% |
| 24-35 months | 0.60% |
| 36-47 months | 0.55% |
| 48-59 months | 0.65% |
| 60-119 months | 0.75% |
| 120 months | 0.75% |
| 28-89 days | |
|---|---|
| APY | 0.03% |
| 90-179 days | |
| APY | 0.03% |
| 6-11 months | |
| APY | 0.03% |
| 12-17 months | |
| APY | 0.05% |
| 18-23 months | |
| APY | 0.07% |
| 24-35 months | |
| APY | 0.60% |
| 36-47 months | |
| APY | 0.55% |
| 48-59 months | |
| APY | 0.65% |
| 60-119 months | |
| APY | 0.75% |
| 120 months | |
| APY | 0.75% |
Bank details checked Nov. 11, 2025.
Flexible Business CDs
For businesses aiming to invest profits while retaining access to funds, flexible Business CDs present the most secure choice. Penalties are only applied if funds are withdrawn within six days of account establishment or within six days of a previous withdrawal.
Bank of America flexible Business CD rates
| Term length | APY |
|---|---|
| 12 months | 3.51% |
| 3 months (renewal only) | 0.10% |
| 12 months | |
|---|---|
| APY | 3.51% |
| 3 months (renewal only) | |
| APY | 0.10% |
Bank details checked Nov. 11, 2025.
A comparison of Bank of America with its leading rivals
While many of Bank of America's CD rates fall short, the bank does provide some excellent options. Let's examine some of Bank of America's competitors.
 Bank of America |  Capital One |  Northern Bank Direct |
|---|---|---|
| 6 months | 6 months | 6 months |
| 0.03% | 3.50% | 4.00% |
| 7 months | 7 months | 7 months |
| 3.65% | N/A | N/A |
| 10 months | 10 months | 10 months |
| 3.20% | 3.80% | N/A |
| 18 months | 18 months | 18 months |
| 0.03% | 3.70% | 3.25% |
| 24 months | 24 months | 24 months |
| 0.03% | 3.50% | 3.25% |
| 36 months | 36 months | 36 months |
| 0.03% | 3.50% | 3.25% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at Bankrate | View offer at Northern Bank Direct |
Bank details checked Nov. 11, 2025.
Learn more about Bank of America
Bank of America, a major national financial institution, provides a comprehensive suite of products including checking and savings accounts, as well as Individual Retirement Accounts (IRAs). Additionally, customers can access a diverse selection of credit cards, home financing, vehicle loans, and investment instruments. Eligibility for exclusive benefits through the Bank of America Preferred Rewards program may be granted based on account balances.