Bank of America Featured CD Review

Bank of America Featured CD is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America Featured 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 Featured CD offers an APY starting at 0.07% and ranging up to 0.9% (APY stands for annual percentage yield, rates may change).

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

Bank of America Featured CD requires a minimum initial deposit of $10,000 to open an account.

What types of early withdrawal penalties does Bank of America Featured 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.