Bank of America Sign in Show/Hide Menu related links Certificate of Deposit (CD) Accounts Help grow your savings with a CD Compare CD accounts Did you know? A CD layer typically earns higher interest than a traditional savings account Featured CD account Lock in a higher rate with a larger opening deposit Multiple term options available Competitive, promotional interest rates $10,000 minimum opening deposit Get started Featured CD Account layer Learn more about Featured CD Account Standard Term CD account Set your own term with a smaller opening deposit 28 day to 10 year terms available Rates vary based on balance/term $1,000 minimum opening deposit Get started Standard Term CD Account layer Learn more about Standard Term CD Account Compare CD options Featured CD account Get started with Feature CD Account layer Standard Term CD account Get started with Standard Term CD Account layer Minimum opening deposit $10,000 $1,000 Term Choose from multiple options: 7 month to 37 month See available terms and rates layer Choose any term: 28 days to 10 years See available terms and rates layer Annual percentage yield (APY) 0.05–0.05% Footnote 1 depending on balance and term 0.03–0.03% Footnote 2 depending on balance and term Additional deposits allowed? No additional deposits until maturity No additional deposits until maturity Early withdrawal penalty? Early withdrawal penalty applies Footnote 3 Early withdrawal penalty applies Footnote 3 Get more details about our CDs What you'll get with any CD account Locked rates Once you've chosen a term and made your deposit, your rate is fixed for the length of your term. Early withdrawal penalty applies. Footnote 3 FDIC insurance FDIC insurance up to the applicable limits. Learn more about FDIC insurance Automatic renewals We’ll automatically reinvest your funds at the end of the term. You’ll get a maturity notice beforehand in case you'd rather redeem your CD. Footnote 4 Interested in CD laddering? Let us help you build a custom CD ladder Schedule an appointment Other savings accounts available Everyday savings A more flexible account with faster access to cash Learn more about savings accounts Retirement planning Consider an IRA to help maximize your returns Learn more about IRAs Why choose Bank of America? Financial network Get unlimited access to our network of financial centers. Our specialists are ready to help. Schedule an appointment Bank of America Preferred Rewards Get more rewards with your everyday banking™ Learn more about Preferred Rewards Merrill Edge Looking for a full range of investment choices? Learn more about Merrill Edge More help managing money Savings or CDs – which is right for you? Account options made simple Saving for short-term financial goals How do CDs work? Saving and investing: From under the mattress to an IRA Need more info about CD accounts? Complete a saved application Deposit Agreement and Disclosures Personal Schedule of Fees Bank account interest rates Information for: ZIP code Go Contact us Schedule an appointment Phone number: 844.375.7027 Important Disclosures and Information Annual Percentage Yield (APY) is accurate as of 11/24/2021 and applies to the initial term of a new Featured CD. The minimum balance required to open a Featured CD is $10,000. We may limit the amount you deposit in one or more Featured CDs to a total of $1,000,000 ($250,000 for CDs opened through bankofamerica.com). Alternative terms are not allowed. Fees could reduce earnings on the account. A penalty may be imposed for early withdrawal. Additional restrictions may apply. Ask your local financial center associate for details, terms and current rates. Annual Percentage Yield (APY) is accurate as of 11/24/2021 and applies to the initial term of a new Standard Term CD. We may limit the amount you deposit in one or more CDs to a total of $1,000,000 ($250,000 for CDs opened through bankofamerica.com). A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. Additional restrictions may apply. Ask your local financial center associate for details, terms and current rates. A penalty is imposed for early withdrawal. Please see the Deposit Agreement for details. We send you a maturity notice prior to renewal. Please read it carefully. We may change the type, term or other feature of your bank CD by giving you notice. If we make a change, we tell you about the change in the maturity notice. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. You should review any planned financial transactions that may have tax or legal implications with your personal tax or legal advisor. Securities products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S", or "Merrill"), a registered broker-dealer, registered investment adviser, Member SIPC layer , and a wholly-owned subsidiary of Bank of America Corporation. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Trust and fiduciary services are provided by Bank of America, N.A. and U.S. Trust Company of Delaware. Both are indirect subsidiaries of Bank of America Corporation. Insurance Products are offered through Merrill Lynch Life Agency Inc. (MLLA) and/or Banc of America Insurance Services, Inc., both of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation. Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Investment and insurance products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity "Get more rewards with your everyday banking" is a trademark and Bank of America and the Bank of America logo are registered trademarks of the Bank of America Corporation. 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