A CD (certificate of deposit) is a type of deposit account that’s payable at the end of a specified amount of time (referred to as the term). CDs generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts, depending on the market. These accounts typically provide security for longer-term savings and no monthly fees, but at the cost of access and liquidity of the funds.
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What is a CD (Certificate of Deposit)?
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Compare CD options
Featured CD
Generally, higher rates on select CD terms
Fixed Term CD
A wide range of CD terms
Flexible CD
A fixed rate with flexible withdrawals
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Featured CD
$1,000
Fixed Term CD
$1,000
Flexible CD
$1,000
Featured CD
Deposits are insured by the FDIC up to $250,000 per depositor.
Fixed Term CD
Deposits are insured by the FDIC up to $250,000 per depositor.
Flexible CD
Deposits are insured by the FDIC up to $250,000 per depositor.
Featured CD
Choose from select terms:
7 months
10 months
13 months
25 months
37 months
Fixed Term CD
1 month to 10 years
Flexible CD
12 months
Featured CD
0.11–4.00%Footnote[1]depending on balance and term
Fixed Term CD
0.03–3.00%Footnote[2]depending on balance and term
Flexible CD
3.15–3.65%Footnote[3]depending on balance and term
Featured CD
We provide a notice before your CD matures. At maturity, 7, 10, 13, 25 and 37 Month Featured CDs will automatically renew into a 3 Month Flexible CD unless you make a change during the 7-day grace period.
The current APY on the 3 Month Flexible CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY.
Fixed Term CD
We provide a notice before your CD matures. At maturity, Fixed Term CDs renew into Fixed Term CDs of the same term length unless you make a change during the 7-day grace period.
Flexible CD
We provide a notice before your CD matures. At maturity, a 12 Month Flexible CD will automatically renew into a 3 Month Flexible CD unless you make a change during the 7-day grace period.
The current APY on the 3 Month Flexible CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY.
Featured CD
No additional deposits until maturity
Fixed Term CD
No additional deposits until maturity
Flexible CD
No additional deposits until maturity
Featured CD
An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your CD.
If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal.
For more detail about the penalty calculation and how grace periods are determined, see
Deposit Agreement and Disclosures (PDF) and
Deposit Rate Sheet.
Fixed Term CD
An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your CD.
If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal.
For more detail about the penalty calculation and how grace periods are determined, see
Deposit Agreement and Disclosures (PDF) and
Deposit Rate Sheet.
Flexible CD
We will waive the early withdrawal penalty except in connection with any withdrawals you request within the first 6 days of the account term (or the first 6 days following any partial withdrawal).
See
Deposit Agreement and Disclosures (PDF) and
Deposit Rate Sheet for more detail about the penalty calculation.
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- Featured CD
Featured CD
Generally, higher rates on select CD terms
|
$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
Choose from select terms:
7 months
10 months
13 months
25 months
37 months
0.11–4.00%Footnote[1]depending on balance and term
We provide a notice before your CD matures. At maturity, 7, 10, 13, 25 and 37 Month Featured CDs will automatically renew into a 3 Month Flexible CD unless you make a change during the 7-day grace period.
The current APY on the 3 Month Flexible CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY.
No additional deposits until maturity
An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your CD.
If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal.
For more detail about the penalty calculation and how grace periods are determined, see
Deposit Agreement and Disclosures (PDF) and
Deposit Rate Sheet.
Fixed Term CD
A wide range of CD terms
|
$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
1 month to 10 years
0.03–3.00%Footnote[2]depending on balance and term
We provide a notice before your CD matures. At maturity, Fixed Term CDs renew into Fixed Term CDs of the same term length unless you make a change during the 7-day grace period.
No additional deposits until maturity
An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your CD.
If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal.
For more detail about the penalty calculation and how grace periods are determined, see
Deposit Agreement and Disclosures (PDF) and
Deposit Rate Sheet.
Flexible CD
A fixed rate with flexible withdrawals
|
$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
12 months
3.15–3.65%Footnote[3]depending on balance and term
We provide a notice before your CD matures. At maturity, a 12 Month Flexible CD will automatically renew into a 3 Month Flexible CD unless you make a change during the 7-day grace period.
The current APY on the 3 Month Flexible CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY.
No additional deposits until maturity
We will waive the early withdrawal penalty except in connection with any withdrawals you request within the first 6 days of the account term (or the first 6 days following any partial withdrawal).
See
Deposit Agreement and Disclosures (PDF) and
Deposit Rate Sheet for more detail about the penalty calculation.
Other savings accounts available
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- Annual Percentage Yield (APY) is accurate as of 10/06/2026 and applies to the initial term of a new Featured CD. Featured CD terms may vary. We may change the interest rate and APY at any time prior to account opening without prior notice. The minimum balance required to open a Featured CD is $1,000. 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. At maturity, 7, 10, 13, 25 and 37 Month Featured CDs will automatically renew into a 3 Month Flexible CD at a lower interest rate unless you make a change during the 7-day grace period. Additional restrictions may apply. Ask your financial center associate for additional terms and current rates.
- Annual Percentage Yield (APY) is accurate as of 10/06/2026 and applies to the initial term of a new Fixed Term CD. CD terms may vary. We may change the interest rate and APY at any time prior to account opening without prior notice. The minimum balance required to open a Fixed Term CD is $1,000 for terms of 28 days or more. 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). 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 10/06/2026 and applies to the initial term of a new Flexible CD. Flexible CD terms may vary. We may change the interest rate and APY at any time prior to account opening without prior notice. The minimum balance required to open a Flexible CD is $1,000. We may limit the amount you deposit in one or more Flexible CDs to a total of $1,000,000 ($250,000 for CDs opened through bankofamerica.com). Alternative terms are not allowed. A penalty of 7 days interest will be imposed for early withdrawals within the first 6 days of the account term (or within the first 6 days following any partial withdrawal during the initial or any renewal term). If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. Fees could reduce earnings on the account. At maturity, a 12 Month Flexible CD will automatically renew into a 3 Month Flexible CD at a lower interest rate unless you make a change during the 7-day grace period. Additional restrictions may apply. Ask your local financial center associate for additional terms and current rates.
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Featured CD
Before opening your Featured CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
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Fixed Term CD
Before opening your Fixed Term CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Flexible CD
Before opening your Flexible CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Featured CD
Before opening your Featured CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Fixed Term CD
Before opening your Fixed Term CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Flexible CD
Before opening your Flexible CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Featured CD
Before opening your Featured CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Featured CD
Before opening your Featured CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Fixed Term CD
Before opening your Fixed Term CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Fixed Term CD
Before opening your Fixed Term CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Flexible CD
Before opening your Flexible CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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Flexible CD
Before opening your Flexible CD, select a term and opening deposit amount, then select Apply to view your available rate. There is a $250,000 maximum opening deposit amount for online account opening.
* Response required
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