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Bank of America Standard Term CD

in CD Accounts from Bank of America

Unaffiliated

Bank of America Standard Term CD

Unaffiliated

in CD Accounts from Bank of America

Not enough votes for recommendation

Highlights
Minimum Deposit	$1,000
APY (Annual Percentage Yield)	0.03% - 0.75%
Deposit Term	1 month 11 months 13 months 15 months 16 months 18 months 3 months 7 years 9 months 6 months 12 months 2 years 3 years 4 years 5 years

Bank of America Standard Term CD Review

Bank of America Standard Term CD is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America Standard Term CD is available in 50 states (and Washington, DC).

Are cd accounts from Bank of America federally insured?

Yes, your Bank of America cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Bank of America offer?

IRA
Jumbo
Traditional

What APY does Bank of America offer on its CDs?

Bank of America Standard Term CD offers an APY starting at 0.03% and ranging up to 0.75% (APY stands for annual percentage yield, rates may change).

What types of terms does Bank of America Standard Term CD offer?

Bank of America offers CD terms of the following lengths:

Bank of America Standard Term CD Rates & Terms
Description
APY (Annual Percentage Yield)	0.03% - 0.75%
APY Type	Fixed APY
3-Month APY	0.03%
6-Month APY	0.03%
11-Month APY	0.03%
12-Month APY	0.05%
2-Year APY	0.1%
3-Year APY	0.55%
4-Year APY	0.65%
5-Year APY	0.75%
7-Year APY	0.75%

What is the minimum deposit to open a CD account with Bank of America?

Bank of America Standard Term CD requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does Bank of America Standard Term CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Bank of America does not charge an early withdrawal fee.

Bank of America Standard Term CD Fees
Description
Annual Fee	N/A
Transfer Fee	N/A
Rollover Fee	N/A
Early Withdrawal Fee Amount	N/A

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