Last Updated: 04/18/2025
Bank of America Standard Term CD
Unaffiliated
in CD Accounts from Bank of America
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Opening Deposit
Certificate Term
- 1 month
- 3 months
- 6 months
- 9 months
- 11 months
- 18 months
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
- 37 months
- 39 months
- 42 months
- 43 months
- 4 years
- 49 months
- 55 months
- 58 months
- 59 months
- 5 years
- 61 months
- 6 years
- 7 years
- 10 years
Bank of America Standard Term CD Review
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.10%.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. Bank of America CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Bank of America Standard Term CD
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Bank of America Standard Term CD FAQ
Are CD from Bank of America federally insured?
What types of CDs does Bank of America offer?
Bank of America CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
- IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Bank of America CD offers a CD that is specifically for retirement.
What rates does Bank of America offer on its CDs?
What terms does Bank of America CD offer?
Bank of America offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.03% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11-Month APY | 0.03% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.03% - 0.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.03% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7-Year APY | 0.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Bank of America?
What is the grace period for Bank of America CD?
What types of fees, such as early withdrawal penalties, does Bank of America charge?
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APY (Annual Percentage Yield)
Minimum Opening Deposit
Certificate Term
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