Looking to make some extra cash by storing your funds untouched in a certificate of deposit (CD) for a few months, or even a few years? Bank of America offers more term options than perhaps just about anyone.
Bank of America’s CD rates may not be among the highest in the country, but there are still several decent options if you want to open an account here. You can also service your account in-branch, which is something you often can’t do with online banks that typically offer the best annual percentage yields (APY). It’s headquartered in Charlotte, North Carolina and has been around for about 240 years. It’s the second-largest bank in the United States as of this writing.
Here’s what to expect when you open a CD with Bank of America. Keep in mind that rates may vary slightly based on your region.
Rates are current as of Aug. 18, 2025 and are subject to change.
Bank of America personal CD rates and products
As one of the bigger financial institutions in the U.S., Bank of America offers a wide variety of CD products—from standard fixed-rate CDs to CDs with promotional APYs. It even offers flexible CDs, individual retirement account (IRA) CDs, and business CDs.
Featured CDs
Bank of America offers several featured CD rates that are much higher than what you’ll find from its typical CDs. These promotional terms range from seven to 37 months.
Bank details checked Aug. 18, 2025.
Fixed term CDs
Bank of America fixed term CD rates
Bank of America’s standard CDs come in a whopping 120 term lengths, giving you lots of flexibility when choosing how long to store your money. You can select as little as one month and as much as 10 years—a boon for anyone with CD laddering in mind. That said, most of these terms offer a less-than-fantastic APY.
Bank of America fixed term CD rates
| Term length | APY |
|---|---|
| 28-89 days | 0.03% |
| 90-179 days | 3.75% |
| 6-11 months | 0.03% |
| 12-17 months | 0.03% |
| 18-23 months | 0.03% |
| 24-35 months | 0.03% |
| 36-47 months | 0.03% |
| 48-59 months | 0.03% |
| 60-119 months | 0.03% |
| 120 months | 0.03% |
| 28-89 days | |
|---|---|
| APY | 0.03% |
| 90-179 days | |
| APY | 3.75% |
| 6-11 months | |
| APY | 0.03% |
| 12-17 months | |
| APY | 0.03% |
| 18-23 months | |
| APY | 0.03% |
| 24-35 months | |
| APY | 0.03% |
| 36-47 months | |
| APY | 0.03% |
| 48-59 months | |
| APY | 0.03% |
| 60-119 months | |
| APY | 0.03% |
| 120 months | |
| APY | 0.03% |
Bank details checked Aug. 18, 2025.
Flexible CDs
For a little more freedom when withdrawing money, consider Bank of America’s Flexible CDs. These no-penalty CDs give you opportunities to withdraw portions of your account before maturity without getting dinged with penalties. The only caveats are if you remove your money during the first six days after you open your account or six days after a previous withdrawal.
Bank of America flexible CD rates
| Term length | APY |
|---|---|
| 12 months | 3.51% |
| 3 months (renewal only) | 0.10% |
| 12 months | |
|---|---|
| APY | 3.51% |
| 3 months (renewal only) | |
| APY | 0.10% |
Bank details checked Aug. 18, 2025.
Bank of America IRA CD rates and products
IRAs typically involve investing in stocks and bonds. For a more comfortable investment with a guaranteed return, a Bank of America IRA CD is a possibility. But what is an IRA CD?
As with traditional CDs, these accounts are Federal Deposit Insurance Corp. (FDIC)-insured, so you won’t lose your money, and they’re ideal if the stock market is too volatile.
Bank of America’s IRA CDs similarly come in featured, fixed, and flexible options. They also offer familiar terms and APY, same as a standard featured CD. In addition to an early withdrawal penalty for touching your money before maturity, you may also be subject to an additional 10% fee from the IRS if you’re under 59 ½ years old, as IRAs are designed to help you save for retirement.
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Featured IRA CDs
If you’re going to open an IRA CD with Bank of America, let it be one of these. Featured IRA CDs offer the highest potential earnings for reasonable term lengths.
Bank of America featured IRA CD rates
| Term length | APY |
|---|---|
| 7 months | 4.00% |
| 10 months | 3.45% |
| 13 months | 2.75% |
| 25 months | 2.00% |
| 37 months | 0.11% |
| 7 months | |
|---|---|
| APY | 4.00% |
| 10 months | |
| APY | 3.45% |
| 13 months | |
| APY | 2.75% |
| 25 months | |
| APY | 2.00% |
| 37 months | |
| APY | 0.11% |
Bank details checked Aug. 18, 2025.
Fixed term IRA CDs
With a plethora of term options, fixed term IRA CDs are your best bet for flexibility. But again, you’ll trade high APY for more account options.
Bank of America fixed term IRA CD rates
| Term length | APY |
|---|---|
| 28-89 days | 0.03% |
| 90-179 days | 3.75% |
| 6-11 months | 0.03% |
| 12-17 months | 0.03% |
| 18-23 months | 0.03% |
| 24-35 months | 0.03% |
| 36-47 months | 0.03% |
| 48-59 months | 0.03% |
| 60-119 months | 0.03% |
| 120 months | 0.03% |
| 28-89 days | |
|---|---|
| APY | 0.03% |
| 90-179 days | |
| APY | 3.75% |
| 6-11 months | |
| APY | 0.03% |
| 12-17 months | |
| APY | 0.03% |
| 18-23 months | |
| APY | 0.03% |
| 24-35 months | |
| APY | 0.03% |
| 36-47 months | |
| APY | 0.03% |
| 48-59 months | |
| APY | 0.03% |
| 60-119 months | |
| APY | 0.03% |
| 120 months | |
| APY | 0.03% |
Bank details checked Aug. 18, 2025.
Flexible IRA CDs
Flexible IRA CDs are a great way to invest your money with the option to dip into the account when you like. Just remember that if you’re under 59 ½, you’ll be subject to the 10% penalty from the IRS unless you’re withdrawing for an eligible reason.
Bank of America flexible IRA CD rates
| Term length | APY |
|---|---|
| 12 months | 3.25% |
| 3 month (renewal only) | 0.10% |
| 12 months | |
|---|---|
| APY | 3.25% |
| 3 month (renewal only) | |
| APY | 0.10% |
Bank details checked Aug. 18, 2025.
Bank of America Business CD rates and products
A Bank of America business CD gives your company the chance to invest your profits without any risk. You can choose from standard business CDs, special-rate business CDs, and no-penalty business CDs.
Business featured CDs
Business featured CDs again deliver the most impressive APY.
Bank of America Business featured CD rates
| Term length | APY |
|---|---|
| 7 months | 4.00% |
| 10 months | 3.45% |
| 13 months | 2.75% |
| 25 months | 2.00% |
| 37 months | 0.11% |
| 7 months | |
|---|---|
| APY | 4.00% |
| 10 months | |
| APY | 3.45% |
| 13 months | |
| APY | 2.75% |
| 25 months | |
| APY | 2.00% |
| 37 months | |
| APY | 0.11% |
Bank details checked Aug. 18, 2025.
Fixed term Business CDs
Fixed term Business CDs offer the widest variety of term lengths. Opening an account for between 90 and 179 days is the sweet spot, offering 3.75% APY. Returns for the remaining terms are nothing to write your mother about.
Bank of America fixed term Business CD rates
| Term length | APY |
|---|---|
| 28-89 days | 0.03% |
| 90-179 days | 3.75% |
| 6-11 months | 0.03% |
| 12-17 months | 0.03% |
| 18-23 months | 0.03% |
| 24-35 months | 0.03% |
| 36-47 months | 0.03% |
| 48-59 months | 0.03% |
| 60-119 months | 0.03% |
| 120 months | 0.03% |
| 28-89 days | |
|---|---|
| APY | 0.03% |
| 90-179 days | |
| APY | 3.75% |
| 6-11 months | |
| APY | 0.03% |
| 12-17 months | |
| APY | 0.03% |
| 18-23 months | |
| APY | 0.03% |
| 24-35 months | |
| APY | 0.03% |
| 36-47 months | |
| APY | 0.03% |
| 48-59 months | |
| APY | 0.03% |
| 60-119 months | |
| APY | 0.03% |
| 120 months | |
| APY | 0.03% |
Bank details checked Aug. 18, 2025.
Flexible Business CDs
If you’d like to invest some of your business profits but would like access to that money when you need it, flexible Business CDs are your safest option. You’ll only incur a penalty if you withdraw money within six days of account opening — or within six days of your last withdrawal.
Bank of America flexible Business CD rates
| Term length | APY |
|---|---|
| 12 months | 3.25% |
| 3 months (renewal only) | 0.10% |
| 12 months | |
|---|---|
| APY | 3.25% |
| 3 months (renewal only) | |
| APY | 0.10% |
Bank details checked Aug. 18, 2025.
Compare Bank of America to top competitors
Many of Bank of America’s CD rates are substandard, but the financial institution offers its share of gems. Here’s a closer look at some of Bank of America’s competition.
 Bank of America |  Capital One |  Northern Bank Direct |
|---|---|---|
| 6 months | 6 months | 6 months |
| N/A | 3.50% | 4.25% |
| 7 months | 7 months | 7 months |
| 4.00% | N/A | N/A |
| 10 months | 10 months | 10 months |
| 3.45% | 3.80% | N/A |
| 18 months | 18 months | 18 months |
| N/A | 3.80% | 3.50% |
| 24 months | 24 months | 24 months |
| N/A | 3.80% | 3.50% |
| 36 months | 36 months | 36 months |
| N/A | 3.60% | 3.50% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at Bankrate | View offer at Northern Bank Direct |
Bank details checked Aug. 18, 2025.
Learn more about Bank of America
As a large national bank, Bank of America offers everything from checking accounts to savings accounts to IRAs. You can also find a variety of credit cards, home loans, auto loans, and investment tools. Depending on how much you store at the bank, you may also be eligible for additional perks through the Bank of America Preferred Rewards program.