Risk Free CD®

Opportunity to Save Smarter

Start saving smarter with a Risk Free CD. Get a competitive CD rate, plus the flexibility to access your money if you need to without paying a penalty. It’s a great way to save on your own terms.

    $5,000 minimum to open
    9-month term
    Penalty-free access to your money2
    FDIC insured to $250,0003

Open a Risk Free CD online today in just minutes and start saving smarter for your future.
Open a Risk Free CD online now

A Smart Way to build your savings. Risk Free CD® - Fixed return of a CD plus penalty-free access to your money

Footnote 1 0.50 %



Start building your savings in 3 easy steps:


1. Complete the online Risk Free CD application

2. Quickly and securely transfer your opening deposit

3. Receive a quick response

Open a Risk Free CD online now

 

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1The Annual Percentage Yield (APY) is accurate as of 11/23/09. This promotional APY applies to the initial term of a new Risk Free CD with a/an 9-month term that is opened online through bankofamerica.com. We may change this promotional APY at any time without prior notice. The minimum balance required to open a Risk Free CD is $5,000. We may limit the amount you may invest in one or more Risk Free CDs to a total of $1,000,000 ($250,000 for CDs opened through bankofamerica.com). Alternative terms not allowed. Additional restrictions apply.

2 For a Risk Free CD, we waive the early withdrawal penalty after the first six days of the account term (or the first six days following any partial withdrawal). We may require at least seven days’ prior written notice of your intended withdrawal from a Risk Free CD.

3 Your account is covered by FDIC insurance up to the maximum allowed by law.