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Business Deposit FAQs

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Please tell us where you bank so we can give you accurate rate and fee information for your location.

View questions about:

Business checking


We offer 3 convenient ways to open:



You have the choice of opening a business savings account at any of our banking centers, by phone or online.



Yes. Bank of America will automatically renew the account by reinvesting funds on the maturity date, which is the first day after the term ends. We reinvest both principal and interest. You can elect to receive the interest earned on the account, a portion of the account or the entire amount of the account. The term for the automatically reinvested deposit is the same length as the previous term of the account.