Deposit Interest Rates & APYs


California Consumer & Business Online Rates

Effective: May 18, 2017

New Account opening limit is $250,000 in Online Channel. For larger accounts, please contact us.

Variable Rate Products for Consumer Customers

Rewards Money Market Savings†

STANDARD RATE WITH INTEREST RATE BOOSTER Banking Rewards for Wealth Management
Preferred Rewards Tier
Gold Platinum Platinum Honors
Rate % APY %† Rate % APY %† Rate % APY %† Rate % APY %† Rate % APY %†
0.030.030.040.040.050.050.060.060.060.06
The Interest Rate Booster ("Booster") is included in the "Rate %" and "APY %" shown above for the Preferred Rewards Tiers. The Booster is a variable percentage and can change at any time. Rates will be rounded up to two significant digits (i.e., one hundredth of a percent or 0.01%).

The Booster increases the Rewards Money Market Savings Standard Rate by at least the Booster values shown below, and may be higher.
          • 5% for the Gold tier, 10% for the Platinum tier, and 20% for the Platinum Honors tier.

An example of how the Booster works with hypothetical interest rates: If the Standard Rate is 1.00% then the Platinum rate would be the Standard Rate plus at least 10% or 1.10% (i.e., 1.00% plus 10% X 1.00% or 0.10%). See above for actual rates.

To be eligible for the Booster, customers must be enrolled in the Preferred Rewards program and have eligible combined balances that qualify them for a Preferred Rewards program tier of Gold ($20,000 to $49,999), Platinum ($50,000 to $99,999) or Platinum Honors ($100,000 or more). Refer to the Personal Schedule of Fees for additional details. If you no longer meet the eligibility requirement, the Booster may be discontinued. When there are multiple owners, interest is based on the Preferred Rewards Tier that will produce the higher interest rate.

The Booster will be applied to eligible accounts within 4 business days of enrolling in the Preferred Rewards or Banking Rewards program; or opening or converting to the Rewards Money Market Savings account.

Bank of America Interest Checking®†

Rate % APY %†
Less than $50,000 0.01 0.01
$50,000 - $99,999 0.02 0.02
$100,000 and over 0.02 0.02

Regular Savings (including Custodial Savings for Youth accounts such as UTMA/UGMA)†

Rate % APY %†
All Balances 0.01 0.01

Promotional CD/IRA Products

Featured CD/IRA - 12 Month Term†

Rate % APY %†
CD 0.07 0.07
IRA 0.07 0.07

Minimum to open: $10,000 CDs/$2,000 IRAs

States, cities, counties and other public agencies are not eligible for this type of account and should contact their banking representative to discuss alternatives.

Risk Free CD®/IRA - 9 Month Term†

Rate % APY %†
CD 0.04 0.04
IRA 0.04 0.04

Minimum to open: $5,000 CDs/$2,000 IRAs

States, cities, counties and other public agencies are not eligible for this type of account and should contact their banking representative to discuss alternatives.

Fixed Term CD/IRA Products

Fixed Term CD - Time Deposits & IRA/CESA CDs†

Less than $10,000 $10,000-$99,999 $100,000 and over
Rate % APY %† Rate % APY %† Rate % APY %†
28 - 179 Days* 0.03 0.03 0.03 0.03 0.03 0.03
06 - 11 Months 0.03 0.03 0.03 0.03 0.03 0.03
12 - 17 Months 0.05 0.05 0.05 0.05 0.05 0.05
18 - 23 Months 0.07 0.07 0.07 0.07 0.07 0.07
24 - 35 Months 0.10 0.10 0.10 0.10 0.10 0.10
36 - 47 Months 0.12 0.12 0.12 0.12 0.12 0.12
48 - 59 Months 0.15 0.15 0.15 0.15 0.15 0.15
60 - 119 Months 0.15 0.15 0.15 0.15 0.15 0.15
120 Months 0.15 0.15 0.15 0.15 0.15 0.15

CD - Time Deposit Minimum to open: $1,000
IRA/CESA CDs Minimum to open: $1,000 IRAs / $500 CESAs
*IRA/CESA CDs are not available for a term less than 6 Months

IRA/CESA 18-23 Months Variable Rate CDs - Time Deposits†

Rate % APY %†
All Balances 0.03 0.03

Minimum to open: $100

Variable Rate Products for Business Customers

Business Interest Maximizer™†

Rate % APY %†
Less than $10,000 0.02 0.02
$10,000 - $24,999 0.02 0.02
$25,000 - $49,999 0.02 0.02
$50,000 - $99,999 0.03 0.03
$100,000 - $249,999 0.03 0.03
$250,000 - $499,999 0.03 0.03
$500,000 - $2,499,999 0.04 0.04
$2,500,000 and over 0.04 0.04

States, cities, counties and other public agencies are not eligible for this type of account and should contact their banking representative to discuss alternatives.

Business Investment Account†

Rate % APY %†
Less than $10,000 0.02 0.02
$10,000 - $24,999 0.02 0.02
$25,000 - $49,999 0.02 0.02
$50,000 - $99,999 0.02 0.02
$100,000 - $249,999 0.02 0.02
$250,000 - $499,999 0.02 0.02
$500,000 - $999,999 0.02 0.02
$1,000,000 and over 0.02 0.02

Business Interest Checking†

Rate % APY %†
Less than $50,000 0.01 0.01
$50,000 - $99,999 0.01 0.01
$100,000 and over 0.01 0.01

For additional terms and conditions that apply to your account (such as - fees, minimum opening balance requirements, how interest is calculated, and early withdrawal penalties on CDs), please see our deposit agreement and fee schedule for your account. IRA/CESA CDs are only available to consumers.

† The interest rates and Annual Percentage Yields (APYs) listed in this deposit rate sheet are effective on the date shown above and apply to accounts located in California. Checking and savings accounts are variable rate accounts. We may at our discretion change each interest rate and APY on variable rate accounts at any time without notice. IRA/CESA Variable Rate CDs are also variable rate accounts. Other CD accounts earn interest at a fixed rate. With a fixed rate account, the applicable rate is paid until the CD matures. Fees could reduce earnings on an account. A penalty is imposed for early withdrawal from a CD. An exception applies for early withdrawals from a Risk Free CD - see the schedule of fees.

We may change the information in this deposit rate sheet at any time without notice. As examples, we may add, delete or change APYs, tiers and CD terms. Please review the deposit agreement and schedule of fees for additional provisions and conditions that apply to these accounts.