The best certificates of deposit (CDs) are usually offered by online-only banks. It’s not often that a full-service bank can tango with digital financial institutions that offer returns exceeding 4.00%.First National Bank of America is one of the rare exceptions, offering up to 4.20% annual percentage yield (APY) as of this writing.
Still, there are some aspects to the bank that may make it less appealing for some situations. Let’s look at what you need to know about First National Bank of America CD rates.
Rates are current as of Aug. 29, 2025 and are subject to change.
First National Bank of America CD rates and products
First National Bank of America keeps its CDs vanilla, issuing basic (but extremely lucrative) standard CDs and IRA CDs. You won’t find more specialty options like no-penalty, bump-up, or business CDs.
In total, First National Bank of America offers a total of 13 term lengths to choose from. You’ll be subject to a minimum deposit of $1,000, no matter which account type you open. Just note that rates may vary if you deposit more than $1 million.
Standard CDs
With an abundance of term lengths from three months to 10 years—and a minimum APY of 3.90%—it’s possible to construct a lucrative CD ladder with First National Bank of America’s standard CDs. Earnings currently top out at an impressive 4.20% APY.
First National Bank of America standard CD rates
| Term length | APY |
|---|---|
| 3 months | 4.20% |
| 6 months | 4.16% |
| 12 months | 4.06% |
| 18 months | 3.93% |
| 24 months | 3.93% |
| 36 months | 3.90% |
| 48 months | 3.91% |
| 60 months | 3.96% |
| 72 months | 3.90% |
| 84 months | 3.90% |
| 96 months | 3.90% |
| 108 months | 3.90% |
| 120 months | 3.90% |
| 3 months | |
|---|---|
| APY | 4.20% |
| 6 months | |
| APY | 4.16% |
| 12 months | |
| APY | 4.06% |
| 18 months | |
| APY | 3.93% |
| 24 months | |
| APY | 3.93% |
| 36 months | |
| APY | 3.90% |
| 48 months | |
| APY | 3.91% |
| 60 months | |
| APY | 3.96% |
| 72 months | |
| APY | 3.90% |
| 84 months | |
| APY | 3.90% |
| 96 months | |
| APY | 3.90% |
| 108 months | |
| APY | 3.90% |
| 120 months | |
| APY | 3.90% |
Bank details checked Aug. 29, 2025
IRA CDs
First National Bank of America offers IRA CDs that offer identical return rates for identical term lengths, compared to many of the standard CDs. However, First National’s IRA CDs start at 12 months (three- and six-month terms are for standard rates only).
Importantly, IRA CDs cannot be opened online. You must open your account in-person at a branch location, of which there are only three—all located in Michigan.
First National Bank of America IRA CD rates
| Term length | APY |
|---|---|
| 12 months | 4.06% |
| 18 months | 3.93% |
| 24 months | 3.93% |
| 36 months | 3.90% |
| 48 months | 3.91% |
| 60 months | 3.96% |
| 72 months | 3.90% |
| 84 months | 3.90% |
| 96 months | 3.90% |
| 108 months | 3.90% |
| 120 months | 3.90% |
| 12 months | |
|---|---|
| APY | 4.06% |
| 18 months | |
| APY | 3.93% |
| 24 months | |
| APY | 3.93% |
| 36 months | |
| APY | 3.90% |
| 48 months | |
| APY | 3.91% |
| 60 months | |
| APY | 3.96% |
| 72 months | |
| APY | 3.90% |
| 84 months | |
| APY | 3.90% |
| 96 months | |
| APY | 3.90% |
| 108 months | |
| APY | 3.90% |
| 120 months | |
| APY | 3.90% |
Bank details checked Aug. 29, 2025
Compare First National Bank of America to competitors
First National Bank of America CDs are excellent—but it’s possible to find higher APYs for specific terms. Here’s a look at CD rates offered by competitors.
 First National Bank of America |  Capital One |  Ivy Bank |
|---|---|---|
| 3 months | 3 months | 3 months |
| 4.20% | N/A | 4.35% |
| 6 months | 6 months | 6 months |
| 4.16% | 3.50% | 4.25% |
| 9 months | 9 months | 9 months |
| N/A | 3.50% | N/A |
| 12 months | 12 months | 12 months |
| 4.06% | 4.20% | 4.00% |
| 18 months | 18 months | 18 months |
| 3.93% | 3.80% | N/A |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at Bankrate | View offer at MoneyLion |
Bank details checked Aug. 29, 2025
Learn more about First National Bank of America
Established as the First National Bank of Lansing in 1955, First National Bank of America is a full-service bank that offers everything from checking and high-yield savings accounts to money market accounts and home loans. It also offers many of the same accounts dedicated to business owners.
However, not all accounts can be opened online—and First National Bank of America only has three branches, all located in Michigan. If you don’t live near a physical location, before you decide to migrate your banking over to First National Bank of America, make sure it can offer you everything you need from wherever you live.
Frequently asked questions
What CD terms does First National Bank of America offer?
First National Bank of America offers 13 term lengths: 3, 6, 12, 18, 24, 36, 48, 60, 72, 84, 96, 108, and 120 months.
What are the early withdrawal penalties for First National Bank of America CDs?
The early withdrawal penalty you’ll pay for withdrawing a First National Bank of America CDs before maturity depends on the term length. You’ll pay between 90 and 720 days of interest.
What happens when my First National Bank of America CD matures?
When your First National Bank of America CD matures, you have a 10-day grace period to withdraw your money or put your money into a different CD. Otherwise, your account will renew automatically.
Are First National Bank of America CDs FDIC insured?
Yes, First National Bank of America CDs are FDIC insured up to $250,000 per account holder per account ownership category.
What is the minimum deposit required for a CD at First National Bank of America?
The minimum deposit required for a CD at First National Bank of America is $1,000.