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  2. A CD (certificate of deposit) is a type of deposit account thats payable at the end of a specified amount of time (referred to as the term). CDs generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts, depending on the market.

    • Featured CD

      A Featured CD from Bank of America offers a steady return...

    • Fixed Term CD

      Today's APY of these Fixed Term CDs is 0.03%. Your rate will...

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      Annual Percentage Yield (APY) is accurate as of 05/23/2024...

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    • Overview of Bank of America CDs
    • How Much Can You Earn with Bank of America’s CD Rates?
    • How Bank of America’s CDs Compare
    • How to Open A CD Account with Bank of America
    • About Bank of America
    • Alternatives to Bank of America CDs

    Bank of America’s Featured CDs require a minimum opening balance of $1,000, which is relatively high, but could be worth it if you choose a term that gets a higher APY. Many other banks pay higher APYs while requiring a lower minimum deposit or no minimum at all. Notably, Bank of America’s Featured CDs come in odd terms, generally one month longer ...

    Because Bank of America’s CD rates are relatively low across terms, don’t expect much of a return. Find out what you can earn with Bank of America’s CDs by plugging the numbers into our CD calculator:

    Most of Bank of America’s CD yields are much lower than those of the best CD rates. This bank’s lowest CD rates are also significantly lower than the national average CD rates, according to the FDIC. However, a few of Bank of America’s Featured CDs offer APYs that are competitive with the best CDs on the market. This is an excellent reminder to sho...

    If you’re ready to get started with a Bank of America CD account, you can open one online, by phone or in person by following the steps below. Online: 1. Go to the Bank of America CDs page. 2. Choose the “Get started” button under the type of CD you want to get. 3. Select your desired term and opening deposit amount. 4. Complete the online applicat...

    Bank of Americais a full-service national bank with 240 years of history, and it’s the second-largest U.S. bank by assets. It offers 3,900 branch locations, an online banking platform and a highly rated mobile app. Bank of America provides personal, business and commercial banking products and services.

    There are plenty of other banks and credit unions offering high-yield CDs worth looking into. You may also want to consider other types of accounts.

    • Ben Gran
  3. Apr 30, 2024 · Updated April 30, 2024. Reviewed by. Michael J Boyle. Fact checked by. Amanda Bellucco-Chatham. FG Trade / Getty Images. Bank of America CD Rates. Bank of America certificate of...

    • Jessica Ullrich
  4. May 2, 2024 · 1-year: 0.03% APY. 3-year: 0.03% APY. 5-year: 0.03% APY. NerdWallet rating. Read review. Bank of America offers a wide range of terms for certificates of deposit and a low...

  5. May 22, 2024 · Getty Images. Many Bank of America’s CD terms offer unimpressive rates, with an annual percentage yield (APY) as low as 0.03%. The bank’s best offerings, the Bank of America Featured CDs, do...

  6. May 15, 2024 · The minimum deposit to open a standard CD is reasonable at $1,000, but there’s a trade-off: Yields offered on Bank of America’s CDs are relatively low compared with other banks’ offerings. Bank...

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