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 account
Early withdrawal penalty applies. See details below.
Fixed Term CD account
Early withdrawal penalty applies. See details below.
Flexible CD account
Early withdrawal penalty applies. See details below.
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Featured CD account
$1,000
Fixed Term CD account
$1,000
Flexible CD account
$1,000
Featured CD account
Deposits are insured by the FDIC up to $250,000 per depositor.
Fixed Term CD account
Deposits are insured by the FDIC up to $250,000 per depositor.
Flexible CD account
Deposits are insured by the FDIC up to $250,000 per depositor.
Featured CD account
Choose from multiple options:
7 month to 37 month.
Fixed Term CD account
Choose any term:
28 days to 10 years.
These products will automatically renew for the same term.
Flexible CD account
Open a 12 month term online.
Featured CD account
0.11–3.25%Footnote[1]depending on balance and term
Fixed Term CD account
0.03–3.00%Footnote[2]depending on balance and term
Flexible CD account
2.50–2.50%Footnote[3]depending on balance and term
Featured CD account
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 account
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 account
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 account
No additional deposits until maturity
Fixed Term CD account
No additional deposits until maturity
Flexible CD account
No additional deposits until maturity
Featured CD account
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 account
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 account
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 account
Featured CD account
Early withdrawal penalty applies. See details below.
|
$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
Choose from multiple options:
7 month to 37 month.
0.11–3.25%Footnote[1]depending on balance and term
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 account
Early withdrawal penalty applies. See details below.
|
$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
Choose any term:
28 days to 10 years.
These products will automatically renew for the same term.
0.03–3.00%Footnote[2]depending on balance and term
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 account
Early withdrawal penalty applies. See details below.
|
$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
Open a 12 month term online.
2.50–2.50%Footnote[3]depending on balance and term
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 02/26/2026 and applies to the initial term of a new Featured CD. 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. Additional restrictions may apply. Ask your local financial center associate for details, terms and current rates.
- Annual Percentage Yield (APY) is accurate as of 02/26/2026 and applies to the initial term of a new Fixed Term CD. We may limit the amount you deposit in one or more Fixed 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. Additional restrictions may apply. Ask your local financial center associate for details, terms and current rates.
- Annual Percentage Yield (APY) is accurate as of 02/26/2026 and applies to the initial term of a new Flexible CD. Flexible CDs have a 12 month term. 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). We may change the interest rate and APY at any time before account opening without prior notice. Alternative terms are not allowed. Fees could reduce earnings on the account. Additional restrictions may apply. 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. Ask your local financial center associate for details, terms and current rates.
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Featured CD
Before we open your Featured CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
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Fixed Term CD
Before we open your Fixed Term CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
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Flexible CD
Before we open your Flexible CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Featured CD
Before we open your Featured CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Fixed Term CD
Before we open your Fixed Term CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Featured CD
Before we open your Featured CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Featured CD
Before we open your Featured CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Fixed Term CD
Before we open your Fixed Term CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Fixed Term CD
Before we open your Fixed Term CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Flexible CD
Before we open your Flexible CD, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
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