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  2. Benefits. Why choose a Fixed Term CD from Bank of America? Save on your timeline. Choose a term that works for you — from 28 days to 10 years. Start with a low opening balance. Open with as little as $1,000. Interest is compounded and credited monthly. [1] FDIC insurance up to the applicable limits. Learn more about FDIC insurance.

    • 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. May 10, 2024 · The current rate for Bank of America Fixed Term CDs is 0.03% to 4.00% APY (Annual Percentage Yield). The Bank of America Fixed Term CD is the national bank's traditional CD. These CDs come...

  4. May 2, 2024 · Read review. Bank of America offers a wide range of terms for certificates of deposit and a low minimum deposit requirement, but the rates available online don't stand out. Bank of America...

  5. May 20, 2024 · Bank of America has three types of CDs: featured, which offer promotional rates, fixed term and flexible, which is a no-penalty CD. They all share certain features, including a $1,000...

  6. May 15, 2024 · Bank of America CD rates. Bank of America offers three types of CD accounts: Standard Term CDs. Featured CDs. Flexible CDs. Featured CDs generally offer higher APYs than the...

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