Flexible CD

Get greater access to your money compared to other CDs

Why choose a Flexible CD from Bank of America?

Early withdrawal penalty applies. See details below.

Automatic renewals

You'll get a maturity notice beforehand in case you'd rather redeem your CD.^Footnote[1]

Guaranteed funds

With a minimum $1,000 deposit, you can earn a fixed rate for the length of your term. Deposits are insured by the FDIC up to $250,000 per depositor.

Learn more about FDIC insurance

Flexible withdrawals

Full balance and interest can be withdrawn prior to maturity. 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.

Rates

Choose the desired term then the deposit amount to see rate options.^Footnote[2]

Fees

With a 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.

View a complete list of feesBack to Top

Why bank with us?

Safety and security

For 9 years in a row, Bank of America was recognized as having the Best Overall Identity Safety in Banking by Javelin Strategy & Research, the nation's leading provider of financial institution research.^Footnote[3]

A broad network of support

We're here for you anytime, almost anywhere with 24/7 online access and thousands of financial centers.

A convenient mobile app

^Footnote[4]

Keep track of your balance and accrued interest on the go. Sign in safely and quickly with fingerprint sign-in or Touch ID.^®^Footnote[5]

Rewarding relationships

Qualifying members can earn more rewards with their everyday banking.

Learn more about Preferred Rewards.

Annual Percentage Yield (APY) is accurate as of 03/09/2026 and applies to the initial term of a new Flexible CD. Flexible CDs have a 12 month term. We may change the interest rate and APY at any time before 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). Deposits are insured by the FDIC up to $250,000 per depositor. Alternative terms are not allowed. Fees could reduce earnings on the account. Additional restrictions may apply. See Deposit Agreement and Disclosures (PDF) and Deposit Rate Sheet for more detail.

Best Overall Identity Safety in Banking, Javelin Strategy & Research. Oct 2014.

Certain devices are eligible for enrollment in Touch ID^®, Face ID^® or fingerprint login. If eligible, you will have the option to enroll by following the prompts within the Mobile Banking app. If you store multiple fingerprints on your device including those of additional persons, those persons will also be able to access your Bank of America Mobile Banking app via fingerprint, including the ability to access a call center, when Touch ID^® or fingerprint is enabled. Data connection required. Wireless carrier fees may apply.