Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Opening Deposit
Certificate Term
- 13 months
- 25 months
- 37 months
Bank of America Featured CD Review
Key Takeaways
- Small selection of CD account types. Bank of America Featured CD only offers IRA and traditional CDs.
- Low APY. The maximum annual percentage yield for this account is only 0.05%.
- High minimum deposit. You must deposit a minimum of $10,000, which is high compared to most CD accounts.
- Limited selection of CD terms. Bank of America Featured CD only offers three CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of Bank of America Featured CD
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Bank of America Featured CD FAQ
Are CD from Bank of America federally insured?
What types of CDs does Bank of America offer?
Bank of America Featured 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.
- 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 Featured 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 Featured CD offer?
Bank of America offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.05% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Bank of America?
What is the grace period for Bank of America Featured CD?
What types of fees, such as early withdrawal penalties, does Bank of America charge?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transfer Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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APY (Annual Percentage Yield)
Minimum Opening Deposit
Certificate Term
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SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
+100
Bank of America Featured CD Community Reviews
Would you recommend Bank of America Featured CD to your friends?
Cnadace L.
Oct 12, 2020
May or may not recommend
Showing 1 of 1 reviews
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