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Annual Percentage Yield (APY) is accurate as of and applies to the initial term of a new Flexible CD. Flexible CDs have a 12 month term. We may limit the amount you deposit in one or more Flexible CDs to a total of $1,000,000 ( for CDs opened through bankofamerica.com).
- Featured CD
A Featured CD from Bank of America offers a steady return...
- Fixed Term CD
Annual Percentage Yield (APY) is accurate as of 03/27/2024...
- Flexible CD
A Flexible CD from Bank of America offers competitive rates...
- IRAs
Certificate of Deposit (CD) accounts. Information for: ZIP...
- Savings Accounts
Monthly Fee. We'll waive the monthly maintenance fee each...
- Featured CD
- Overview
- CD Calculator
- Starting Balance
- Total Months
- Interest Rate
- Accumulated Interest
- Annual Interest Rate
This article is about the Bankrate CD calculator, which helps to calculate the annual percentage yield (APY) and ending balance of a certificate of deposit (CD). It explains how APY is calculated, how much interest can be earned on a CD, when CDs pay interest and how they differ from savings accounts and money market accounts.
Use the Bankrate CD calculator to find out how much interest is earned on a certificate of deposit (CD). The calculator calculates the annual percentage yield (APY) and ending balance.
Enter the starting balance for your CD in the calculator.
Enter the total number of months for this CD to mature in the calculator.
Enter published interest rate, not APY, into the calculator. Future rates can't be predicted with certainty.
Choose frequency that interest income is added to account; more frequent compounding generates additional interest sooner. Check with financial institution about compounding frequency on particular CD.
The effective annual interest rate earned for this CD depends on compounding frequency and interest rate; use APY to compare CDs of different rates and frequencies .
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Mar 21, 2024 · Find out what you can earn with Bank of America’s CDs by plugging the numbers into our CD calculator: How Bank of America’s CDs Compare. Most of Bank of America’s CD yields are much...
- Ben Gran
Jan 22, 2024 · Featured CD rates at Bank of America are higher than their Fixed Term options by a little or a lot depending on the term, and the minimum deposit is the same: $1,000. These are promotional...
To calculate how much interest you could earn with a CD, try using SmartAsset's CD calculator. Are you unsure of how to integrate CDs into your long-term financial plans? A financial advisor can actively help you with this and your other financial planning needs.
Mar 22, 2024 · . Bank of America offers a range of certificates of deposit that may appeal to customers looking for a bank with a nationwide footprint. The minimum deposit to open a standard CD is...