Skip to main content
Checking & Savings

Standard Business CD

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

  • 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%

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®

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
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 Automatic CD renewal Automatic CD 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.