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Deposits

Platinum CD Rates

Platinum CD Rates

Enjoy higher interest rates when you save for the future. When you become a Platinum Privileges® client you will qualify for a special Platinum interest rate on many of our CDs.Footnote 1

Learn more about Platinum Privileges®

Hide Risk Free CD®

Get a fixed interest rate plus penalty-free access to your money.

  • $5,000 minimum opening depositFootnote 2
  • 9-month term
  • Access to funds prior to maturity with no fee or penaltyFootnote 2
  • FDIC insured up to applicable limits

Platinum Privileges Rates

Risk Free CD®Interest RateAPYFootnote 2
All balances0.08%0.08%

Early withdrawal policy: We will waive the early withdrawal penalty after the first 6 days of the account term (or the first 6 days following any partial withdrawal). We may limit the amount deposited in one or more Risk Free CDs opened online through bankofamerica.com to $250,000. States, cities, counties and other public agencies are not eligible for this type of account and should contact their banking representative to discuss alternatives.

Transaction limitations: No additional deposits until maturity.

Renewal Policy: When your CD matures, you have a grace period of 7 calendar days to renew or close the account. We’ll send you a maturity notice before renewal. Please read it carefully. If we change the type, term or other features of your CD, we tell you about the change in the maturity notice.

Hide Featured CD

Earn a fixed rate without a long-term commitment.

  • $10,000 minimum opening deposit
  • 12-month term
  • A predictable return over the length of the CD
  • FDIC insured up to applicable limits

Platinum Privileges Rates

Featured CDInterest RateAPYFootnote 3
All balances0.12%0.12%

Transaction limitations: No additional deposits until maturity.

Renewal policy: Automatically renews to either another Featured CD/IRA with the same term or a standard CD/IRA with the same term at the then current interest rate. We send you a maturity notice prior to renewal. Please read it carefully. If we change the type, term or other features of your CD or IRA, we tell you about the change in the maturity notice. We may limit the amount deposited in one or more Featured CDs opened online through bankofamerica.com to $250,000. States, cities, counties and other public agencies are not eligible for this type of account and should contact their banking representative to discuss alternatives.

Early withdrawal policy: A penalty is imposed for early withdrawal. Please see the Deposit Agreement for details. Additionally, 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.

Hide Standard Term CD

Customize your term and open with as little as $1,000.

  • $1,000 minimum opening deposit
  • Rates based on term and account balanceFootnote 4
  • Choose a term that works for you—from 28 days to 10 years
  • FDIC insured up to applicable limits

To calculate your rate, choose the length of time and the amount of deposit you’d like. Then, select Display rates.

Display ratesfor Standard CDs

 

Transaction limitations: No additional deposits until maturity.

Renewal Policy: When your CD matures, you have a grace period of 7 calendar days to renew or close the account. We'll send you a maturity notice before renewal. Please read it carefully. If we change the type, term or other features of your CD, we tell you about the change in the maturity notice.

Early withdrawal policy: A penalty is imposed for early withdrawal. Please see the Deposit Agreement for details. Additionally, 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.

Please note: To deposit $250,000 or more, please visit a banking center

Confirm IRA term and amount

To open this account, choose your CD term and amount then select Display rates.

Online opening limits

To open CDs in amounts of $500,000 and over, please visit your local banking center.

Online opening limits

To open CDs in amounts over $250,000, please visit your local banking center.

Adding an IRA Account

Online, IRA Accounts may only be opened one-at-a-time. If you continue, we will remove the IRA and add this item to your application.

Choosing "Cancel" will leave your application with its current selections.

Adding an IRA Account

Your currently have some items in your application. Online, IRA Accounts may only be opened one-at-a-time. If you continue, we will remove the other items in your application and add this account.

Choosing "Cancel" will leave your application with its current selections.

Merrill Edge - Bank of America Corporation merill edge

Looking for other ways to invest? Merrill Edge® offers an array of investment solutions as well as tools, articles and videos to help inform your decisions.

Learn more about Merrill Edge®

Platinum Privileges logo Platinum Privileges®

Enjoy the next level of service while getting rewarded for your Bank of America® and Merrill Edge® relationships by meeting minimum balance requirements. The Platinum Privileges® program rewards our valued clients with a higher level of service and extra benefits.

 

Learn more about Platinum Privileges®


Continuar en inglés

La información que se encuentra a continuación está disponible sólo en inglés en la actualidad.

Las solicitudes y los documentos asociados con productos y servicios específicos podrían estar disponibles sólo en inglés. Antes de escoger un producto, por favor asegúrese de haber leído y entendido todos los términos y condiciones provistas.

Seleccione Continuar en inglés para obtener más información. Usted también puede contactarnos en español llamando al 1.800.688.6086 para obtener más información sobre nuestros productos.

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