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Business Certificate of Deposit (CD) accounts

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Review and compare small business CD account options

Bank of America offers a wide range of CD accounts for small business that allow your business to get the security of fixed returns at competitive interest rates.

You want to lock in a rate at a higher yield
Business Featured CD Account

  • XXXX% annual percentage yield (APY) on all balances
  • XXXX month term
  • $XXXX minimum opening balance

You want the flexibility to choose your term
Standard Term Business CD Accounts

  • XXXXXXXX% annual percentage yield (APY) depending on term and balance
  • 7 days to 10 year terms available
  • Minimum opening balances:
    $XXXX for 7-27 days
    $XXXX for 28 days to 10 years

Not sure? Compare CD accounts

Comparison of Accounts

Business Featured CD Account

Standard Term Business CD Accounts

Annual Percentage Yield (APY)
For Featured CD Account, XXXX%
For Standard Term CD Account, XXXXXXXX%
depending on term and balance
Term
For Featured CD Account, XXXX months
For Standard Term CD Account, 7 days to 10 years
Minimum opening deposit
For Featured CD Account, $XXXX
For Standard Term CD Account, $XXXX
for 7-27 days

$XXXX
for 28 days to 10 years
FDIC insured up to applicable limits
This feature is available for Featured Business CD Account
This feature is available for Standard Term Business CD Accounts
Automatic renewal
This feature is available for Featured Business CD Account
This feature is available for Standard Term Business CD Accounts
Early withdrawal penalty
This feature is available for Featured Business CD Account
This feature is available for Standard Term Business CD Accounts
Transaction limitations
For Featured CD Account, No additional deposits until maturity
For Standard Term CD Account, No additional deposits until maturity

Penalty and Policies

Withdrawal penalty
For Featured CD Account, Early withdrawal penalty applies
For Standard Term CD Account, Early withdrawal penalty applies

How to apply

Call a Small Business Specialist at 1.866.543.2808 or schedule an appointment

Rewards that grow with your business

The Business Advantage Relationship Rewards program is our commitment to helping you grow your business and get more back from your banking. The higher your Bank of America business deposit balances and/or business investment balances with Merrill Edge and Merrill Lynch, the greater your benefits. Learn more about our program benefits or schedule an appointment to meet with a Small Business Specialist to get started today.

Tools to help manage your business

Cash management is a top priority for small business owners. Our tools and services can help you run your business more effectively.
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866.543.2808

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Mon-Fri 8 a.m. – 10 p.m. ET