Bank of America CD rates
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Bank of America offers a range of certificates of deposit (CDs) that may appeal to customers looking for a bank with a nationwide footprint. The minimum deposit to open a standard CD is reasonable at $1,000, but there’s a trade-off: Some yields offered on Bank of America’s CD terms are relatively low compared with other banks’ offerings.
Bank of America CD rates
Bank of America offers three types of CD accounts:
- Fixed-term CDs
- Featured CDs
- Flexible CDs
Featured CDs generally offer higher APYs than the fixed-term CDs offered by Bank of America. The APY listed is based on Bank of America’s headquarters location in Charlotte, North Carolina and an opening deposit of less than $10,000.
| Account | Term | APY | Minimum deposit |
|---|---|---|---|
| Featured CD | 7 months | 3.51% | $1,000 |
| Featured CD | 10 months | 2.95% | $1,000 |
| Featured CD | 13 months | 3.75% | $1,000 |
| Featured CD | 25 months | 1.75% | $1,000 |
| Featured CD | 37 months | 0.11% | $1,000 |
| Fixed-term CD | 1-2 months | 0.03% | $1,000 |
| Fixed-term CD | 3 – 5 months | 3.00% | $1,000 |
| Fixed-term CD | 6-120 months | 0.03% | $1,000 |
| Flexible CD | 12 months | 3.00% | $1,000 |
Note: Annual percentage yields (APYs) shown were last updated on Sept. 14, 2026 for accounts opened in New York and may vary by region.
How Bank of America CDs compare to top-yielding banks
Bank of America offers CDs with a range of term lengths to help you build your high-yield savings account based on your timeline. A Bank of America CD can help grow your savings, but many banks among the best CD rates offer higher APYs.
The top six-month CD is yielding around 4.40 % APY as of October 6. Bank of America’s one-year CD – and most of its standard term CDs – are yielding well below the national average.
The top six-month CD is yielding around 4.40% APY as of Sept. 14, 2026. Bank of America’s one-year CD – and most of its fixed-term CDs — yield well below the national average.
Other savings options at Bank of America
As a big bank, Bank of America offers a range of products to help build your savings, including IRA CDs for retirement, but better rates among the best CD rates can be found elsewhere.
