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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 savings IRA accounts

Variable Rate CD IRA

Make deposits at any time without extending the term

Risk Free CD® IRA

Penalty-free access to your money before your CD maturesFootnote7
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.

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

Risk Free 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.

Penalty-free access to your money before your CD maturesFootnote

Minimum opening deposit:

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

Additional deposits: No additional deposits until maturityFootnote

Term Interest Rate APY
 months % %Footnote

Which type of IRA would you like to open?

Risk Free CD IRAs are available in both Traditional and Roth.

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  1. 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).
  2. 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.
  3. Risk Free CD®. Annual Percentage Yield (APY) is accurate as of and applies to the initial term of a new Risk Free CD®. Risk Free CD®s have a 9-month term. We may change the interest rate and APY at any time 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.Footnote8

    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 BankingFootnote9

    View your accrued interest and overall balance of your certificate of deposit in Bank of America's mobile app Footnote9, now with fingerprint sign-in and Touch ID®Footnote10

    Bank of America Preferred Rewards

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