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Risk Free CD®

Overview

A predictable return you can count on

With at least and a -month commitment, you can earn a steady % APY for the term.Footnote2

Access to funds prior to maturity

With a Risk Free CD®, we will waive the early withdrawal penalty after the first six days of the account term (or the first six days following any partial withdrawal).Footnote1

FDIC insured

Balances are FDIC insured up to applicable limits.

Automatic renewalFootnote3

Automatically renews to another Risk Free CD/IRA with the same term at the then current interest rate. We send you a maturity notice prior to renewal.
  • Rates

    Minimum Opening Deposit
    Term
    • months
    Annual Percentage Yield (APY)Footnote2
    • %

Rates

Minimum Opening Deposit Term Annual Percentage Yield (APY)Footnote2
  • months
  • %

Fees

Annual Fee Transfer Fees Withdrawal PenaltyFootnote4
  • $0
  • $0
  • We will waive the early withdrawal penalty after the first six days of the account term (or the first six days following any partial withdrawal).
  • Please see the Deposit Agreement and Disclosures for details.

View a complete list of fees

  • Benefits

    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.Footnote5

    Mobile BankingFootnote6

    View your accrued interest and overall balance of your certificate of deposit in Bank of America's mobile appFootnote6, now with fingerprint sign-in and Touch ID®Footnote7

    Expansive network of financial centers

    With thousands of financial centers available, as well as 24-hour online access, we are almost wherever you need us.

    Bank of America Preferred Rewards

    Get more rewards with your everyday banking. Learn more about Preferred Rewards.

Benefits

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.Footnote5

Expansive network of financial centers

With thousands of financial centers available, as well as 24-hour online access, we are almost wherever you need us.

Mobile BankingFootnote6

View your accrued interest and overall balance of your certificate of deposit in Bank of America's mobile appFootnote6, now with fingerprint sign-in and Touch ID®Footnote7

Bank of America Preferred Rewards

Get more rewards with your everyday banking. Learn more about Preferred Rewards.
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