Skip to main content

Savings IRAs

Overview

FDIC Insured

FDIC insured up to applicable limits.Footnote1

Tax-advantaged retirement savings

Get more from your Bank of America Certificate of Deposit or Money Market account with the tax benefits of an Individual Retirement Account.Footnote2

Avoid fees

Good for you if you would like to avoid annual and custodial fees.Footnote3

Other available long-term savings options

Variable Rate CD IRA

Make deposits at any time without extending the term

Certificate of Deposit (CD) Accounts

Long-term CD Accounts to meet your needs
More questions? View the IRA FAQs
Current Bank of America online banking customers are eligible to open an IRA account online.
Not a Bank of America online banking customer? Visit a financial center to open an account.

Variable Rate CD IRA

Current Bank of America online banking customers are eligible to open an IRA account online.

Not a Bank of America customer? Visit a financial center to open an account.

Open a Variable Rate CD IRA today with a minimum of . Earn a variable rate of interest over a fixed term - and benefit from the tax advantages of an IRA.Footnote

Minimum opening deposit:

Renewal: Change terms at renewal or renew at the same term automatically

Additional deposits: At any time

What length of term would you like?

Interest Rate APY

Which type of IRA would you like to open?

Variable Rate CD IRAs are available in both Traditional and Roth.

  •  
  •  

  1. These rates may change at any time after the account is opened without prior notice.
  • Benefits

    Benefits focused on you

    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.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.

    Mobile BankingFootnote8

    View your accrued interest and overall balance of your certificate of deposit in Bank of America's mobile app Footnote8, now with fingerprint sign-in and Touch ID®Footnote9

    Bank of America Preferred Rewards

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

Go

Please select your county

Enter your zip code

Please enter the zip code for your home address so we can give you accurate rate and fee information for your location.