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Checking & Savings

Standard Business CD

Choose a term and deposit amount just right for your business, plus:

  • The more you invest, the higher the interest rate
  • Longer terms can lead to higher yields
  • Choose from a wide variety of terms—from 7 days to 10 years
  • Automatic CD renewal
  • FDIC insured up to applicable limits
0.03 - 0.15% APYFootnote 1
  • Fixed rate until maturity
  • $15,000 minimum opening deposit for terms of 7-27 days
  • $1,000 minimum opening deposit for terms of 28 days–10 years

Current interest rate information

Rates

To calculate your rate, choose the length of time and the amount you’d like to deposit. Then, select Display Rates.

Display Rates
Business CD 7 to 27 Days Interest Rate APYFootnote 1
Less than $10,000 0.03% 0.03%
$10,000 - $24,999 0.03% 0.03%
$25,000 - $49,999 0.03% 0.03%
$50,000 - $99,999 0.03% 0.03%
$100,000 - $499,999 0.03% 0.03%
$500,000 and over 0.03% 0.03%
  • Hide Do you automatically renew CDs at the time of maturity?

    Yes. Bank of America will automatically renew the account by redepositing funds on the maturity date, which is the first day after the term ends. We redeposit 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 redeposited deposit is the same length as the previous term of the account.

  • Show How can I open a Bank of America business CD account?

    We offer 3 convenient ways of opening a business CD account. You may open an account online, call 1.866.543.2808 or open your account at a banking center. Find a banking center

CD Products

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. Review and compare small business CD options from Bank of America and find the CD that meets the needs of your growing business.

Business Risk Free CD®

Business Featured CD

Standard Business – Shorter Term

Standard Business – Longer Term

Open Now Business Risk Free CD®
Open Now Business Featured CD
Open Now Standard Business – Shorter Term
Open Now Standard Business – Longer Term
Good for you if You want guaranteed returns with a short-term commitment plus the ability to withdraw funds without a penalty You want locked-in rates at a higher yield You want short-term access to your funds You want to receive higher interest rates for longer terms/higher balances
Annual Percentage Yield 0.04% $5,000 minimum deposit 0.07% Fixed until maturity  $10,000 minimum deposit 0.03%  $15,000 minimum deposit 0.03 – 0.15%  $1,000 minimum deposit
Benefits Automatic CD renewal Automatic CD renewal The more you invest, the higher your interest rate, plus automatic renewal. The more you invest, the higher your interest rate, plus automatic renewal.
Term 9 months 12 months 7 - 27 days 28 days - 10 years
Early withdrawal fee No XYes XYes XYes
Transaction limitations No additional deposits until maturity No additional deposits until maturity No additional deposits until maturity No additional deposits until maturity
FDIC insured up to applicable limits XYes XYes XYes XYes
Small Business Online Banking XYes XYes XYes XYes
Business Risk Free CD® Open Now Business Risk Free CD®
Business Featured CD Open Now Business Featured CD
Standard Business – Shorter Term Open Now Standard Business – Shorter Term
Standard Business – Longer Term Open Now Standard Business – Longer Term

Small Business Online Banking

Small Business Online Banking allows you to access information for multiple accounts, view current daily balances, get detailed transaction reports, and perform a wide range of other essential banking services.