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IRAs (Individual Retirement Accounts) give you tax advantages for long-term retirement savings. The sooner you start contributing to an IRA and the longer you let your money grow, the more you benefit.
Bank-offered CD IRAs are one of the safest ways to save for retirement, as they are FDIC insured and offer steady returns. And all Bank of America individual retirement accounts are now No Fee IRAs.1
Finding the right IRA can seem complicated, but it really comes down to 3 main choices:
Bank or Brokerage? The IRAs featured here are FDIC-insured and allow you to invest in CDs and money market savings accounts. Want more options? Learn more about brokerage IRAs .Roth or Traditional? Compare Roth & Traditional IRAs .What to invest in? Our CD and money market savings IRA options are listed below.
Looking for a Rollover IRA or Small Business IRA? Learn more in our Retirement Center .
IRA Options
Rates shown as of 11/23/09
Short, 12-month term with a locked 1.60% APY2 Special online-only rate
1.60% APY
Online Only Special Rate:
1.60% APY2
FDIC insured to the maximum allowed by law
Available in Roth, Traditional and Rollover IRAs
Low $2,000 minimum opening balance2
Short, 12-month term2
Automatically renews to another High Yield CD IRA2
Additional deposits accepted at maturity
Take the guesswork out of investing with a High Yield CD IRA.
Short, 9-month term3 Special online-only rate
0.60% APY
Combine the guaranteed return of a CD and enjoy access to your funds with the tax advantages of an IRA from Bank of America, N.A.
0.60% APY 3
Withdraw funds prior to the maturity date without CD early withdrawal penalties 3
FDIC insured to the maximum allowed by law
Available in Roth, Traditional and Rollover IRAs
Low $2,000 minimum opening balance3
Short, 9-month term3
Automatically renews to another Risk Free CD IRA3
Additional deposits accepted at maturity
Take the guesswork out of investing with a Risk Free CD IRA.
Terms from 6 months to 10 years.4
0.50% - 3.76% APY
Combine the guaranteed return of a CD with the tax advantages of an IRA from Bank of America, N.A.
0.50% - 3.76% APY4
The more you deposit, the higher your rate
FDIC insured to the maximum allowed by law4
Available in Roth, Traditional and Rollover IRAs
$3,000 minimum opening balance4
Terms from 6 months to 10 years
Change terms at renewal or renews
Additional deposits accepted at maturity
Take the guesswork out of investing with a Fixed Term CD IRA.
CD 6-11 Months
Interest Rate
APY
Less than $10,000
0.50
0.50
$10,000 - $24,999
0.50
0.50
$25,000 - $49,999
0.50
0.50
$50,000 - $99,999
0.50
0.50
$100,000 - $499,999
0.50
0.50
$500,000 and over
0.50
0.50
CD 12-17 Months
Interest Rate
APY
Less than $10,000
0.95
0.95
$10,000 - $24,999
0.95
0.95
$25,000 - $49,999
0.95
0.95
$50,000 - $99,999
0.95
0.95
$100,000 - $499,999
0.95
0.95
$500,000 and over
0.95
0.95
CD 18-23 Months
Interest Rate
APY
Less than $10,000
1.00
1.00
$10,000 - $24,999
1.00
1.00
$25,000 - $49,999
1.00
1.00
$50,000 - $99,999
1.00
1.00
$100,000 - $499,999
1.00
1.00
$500,000 and over
1.00
1.00
CD 24-35 Months
Interest Rate
APY
Less than $10,000
1.99
2.01
$10,000 - $24,999
1.99
2.01
$25,000 - $49,999
1.99
2.01
$50,000 - $99,999
1.99
2.01
$100,000 - $499,999
1.99
2.01
$500,000 and over
1.99
2.01
CD 36-47 Months
Interest Rate
APY
Less than $10,000
2.08
2.10
$10,000 - $24,999
2.08
2.10
$25,000 - $49,999
2.08
2.10
$50,000 - $99,999
2.08
2.10
$100,000 - $499,999
2.08
2.10
$500,000 and over
2.08
2.10
CD 48-59 Months
Interest Rate
APY
Less than $10,000
2.48
2.51
$10,000 - $24,999
2.48
2.51
$25,000 - $49,999
2.48
2.51
$50,000 - $99,999
2.48
2.51
$100,000 - $499,999
2.48
2.51
$500,000 and over
2.48
2.51
CD 60-119 Months
Interest Rate
APY
Less than $10,000
3.21
3.26
$10,000 - $24,999
3.21
3.26
$25,000 - $49,999
3.21
3.26
$50,000 - $99,999
3.21
3.26
$100,000 - $499,999
3.21
3.26
$500,000 and over
3.21
3.26
CD 120 Months
Interest Rate
APY
Less than $10,000
3.70
3.76
$10,000 - $24,999
3.70
3.76
$25,000 - $49,999
3.70
3.76
$50,000 - $99,999
3.70
3.76
$100,000 - $499,999
3.70
3.76
$500,000 and over
3.70
3.76
CD IRA/CESA 18-23 Months Variable Rate
Interest Rate
APY
All Balances
0.50
0.50
CD Less than $10,000
Interest Rate
APY
6-11 Months
0.50
0.50
12-17 Months
0.95
0.95
18-23 Months
1.00
1.00
24-35 Months
1.99
2.01
36-47 Months
2.08
2.10
48-59 Months
2.48
2.51
60-119 Months
3.21
3.26
120 Months
3.70
3.76
CD $10,000 - $24,999
Interest Rate
APY
6-11 Months
0.50
0.50
12-17 Months
0.95
0.95
18-23 Months
1.00
1.00
24-35 Months
1.99
2.01
36-47 Months
2.08
2.10
48-59 Months
2.48
2.51
60-119 Months
3.21
3.26
120 Months
3.70
3.76
CD $25,000 - $49,999
Interest Rate
APY
6-11 Months
0.50
0.50
12-17 Months
0.95
0.95
18-23 Months
1.00
1.00
24-35 Months
1.99
2.01
36-47 Months
2.08
2.10
48-59 Months
2.48
2.51
60-119 Months
3.21
3.26
120 Months
3.70
3.76
CD $50,000 - $99,999
Interest Rate
APY
6-11 Months
0.50
0.50
12-17 Months
0.95
0.95
18-23 Months
1.00
1.00
24-35 Months
1.99
2.01
36-47 Months
2.08
2.10
48-59 Months
2.48
2.51
60-119 Months
3.21
3.26
120 Months
3.70
3.76
CD $100,000 - $499,999
Interest Rate
APY
6-11 Months
0.50
0.50
12-17 Months
0.95
0.95
18-23 Months
1.00
1.00
24-35 Months
1.99
2.01
36-47 Months
2.08
2.10
48-59 Months
2.48
2.51
60-119 Months
3.21
3.26
120 Months
3.70
3.76
CD $500,000 and over
Interest Rate
APY
6-11 Months
0.50
0.50
12-17 Months
0.95
0.95
18-23 Months
1.00
1.00
24-35 Months
1.99
2.01
36-47 Months
2.08
2.10
48-59 Months
2.48
2.51
60-119 Months
3.21
3.26
120 Months
3.70
3.76
Terms from 18 to 23 months; rates can change at any time.5
0.50% APY
Combine the guaranteed return of a CD with the tax advantages of an IRA from Bank of America, N.A.
Earn a variable rate of interest over a fixed term
FDIC insured to the maximum allowed by law5
Available in Roth, Traditional and Rollover IRAs
$100 minimum opening balance5
Terms from 18 to 23 months
Change terms at renewal or renews as-is automatically
Make deposits at any time without extending the term
Take advantage of rising rate environments with the Variable Rate CD IRA
The greater your balance, the higher the dividends you earn.
$100 minimum to open; make deposits at any time. 6
0.75% - 0.85% APY
Combine the return of a savings product with the tax advantages of an IRA from Bank of America, N.A.
FDIC insured to the maximum allowed by law
Available in Roth, Traditional and Rollover IRAs
$100 minimum opening balance6
Make deposits any time
Earn money market rates
Attractive option for accessing your IRA funds if you are eligible for distributions
Interested in a low minimum opening balance and making smaller, periodic contributions? Open a Money Market IRA.
Money Market IRA
Interest Rate
APY
Less than $2,500
0.75
0.75
$2,500 - $9,999
0.75
0.75
$10,000 - $24,999
0.75
0.75
$25,000 - $49,999
0.75
0.75
$50,000 - $99,999
0.75
0.75
$100,000 and over
0.85
0.85
