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Deposits

Bank IRAs

Call 1.888.827.1812 to open your IRA

Bank IRAs

IRAs give you tax advantages for long-term individual retirement savings.

  • FDIC insured up to applicable limits
  • The sooner you start, the longer your money has to grow
  • No annual or custodial fees for Bank of America IRAs. Fees may apply for certain transactions including account closure.Footnote 3

IRAs offer unique benefits and eligibility requirements. You can choose between a Roth or Traditional IRA. If you’re rolling over an existing retirement plan, such as an old 401(k) or an IRA held elsewhere, please call 1.888.827.1812 to open your IRA. Self-service IRA forms are also available for faster service.

Rates shown as of 04/17/2014.

Hide Featured CD IRA

Combine the return of a CD with the tax advantages of an IRA from Bank of America, N.A.

  • 0.08% APYFootnote 4
  • 12-month termFootnote 4
  • $2,000 minimum opening balanceFootnote 4
  • Available in Roth and Traditional IRAs
  • Automatically renewsFootnote 4
  • Additional deposits accepted at maturity
  • Account access through Online Banking
  • FDIC insured up to applicable limits
TermInterest RateAPYFootnote 4
12 months
0.08%0.08%

Hide Money Market IRA

The greater your balance, the higher your interest rate. Combine the return of a savings product with the tax advantages of an IRA from Bank of America, N.A.

  • 0.05% - 0.15% APY
  • No term limit
  • $100 minimum opening balanceFootnote 5
  • Earn money market deposit account rates
  • Attractive option for accessing your IRA funds if you’re eligible for distributions
  • Make deposits any time
  • Available in Roth and Traditional IRAs
  • Account access through Online Banking
  • FDIC insured to applicable limits
Amount Interest Rate APYFootnote 5
Less than $2,500 0.05% 0.05%
$2,500 - $9,999 0.05% 0.05%
$10,000 - $24,999 0.08% 0.08%
$25,000 - $49,999 0.10% 0.10%
$50,000 - $99,999 0.10% 0.10%
$100,000 and over 0.15% 0.15%

Hide Standard Term CD IRA

Tiered rates mean the higher your balance, the more you earn. Combine the return of a CD with the tax advantages of a Standard Term CD IRA from Bank of America, N.A.

  • 0.01% - 0.15% APYFootnote 6
  • Terms from 180 days to 10 years
  • $1,000 minimum opening balanceFootnote 6
  • The more you deposit, the higher your rate
  • FDIC insured up to applicable limits
  • Available in Roth and Traditional IRAs
  • Change terms at renewal or renew at the same term automatically
  • Additional deposits accepted at maturity
  • Account access through Online Banking

Please note: To open IRAs in amounts over $250,000, please visit your local banking center.

Hide Variable Rate CD IRA

Terms from 18 to 23 months. Rates can change at any time.Footnote 7 Make deposits at any time without extending the term. $100 minimum to open.

  • 0.02% APY
  • Terms from 18 to 23 months
  • $100 minimum opening balanceFootnote 7
  • Earn a variable rate of interest over a fixed term
  • FDIC insured to applicable limits
  • Available in Roth and Traditional IRAs
  • Change terms at renewal or renew at the same term automatically
  • Make deposits at any time without extending the term
  • Account access through Online Banking
TermInterest RateAPYFootnote 7
18-23 months
0.02%0.02%

Hide Risk Free CD IRA

Penalty-free withdrawals permitted prior to maturity.Footnote 8 Combine the return of a CD with the tax advantages of an IRA from Bank of America, N.A.

  • 0.04%Footnote 9
  • 9-month termFootnote 9
  • $2,000 minimum opening balanceFootnote 9
  • Withdraw funds prior to the maturity date.  We waive the early withdrawal penalty after the first 6 days of the account term (or the first 6 days following any partial withdrawal)Footnote 8
  • FDIC insured to applicable limits
  • Available in Roth and Traditional IRAs
  • Automatically renews to another Risk Free CD IRAFootnote 9
  • Additional deposits accepted at maturity
  • Account access through Online Banking
TermInterest RateAPYFootnote 9
9 months
0.04%0.04%

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.

Online opening limits

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

Confirm IRA term and amount

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

Online opening limits

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

Confirm IRA term

To open this account, use the dropdown menu to select an IRA term.

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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