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Schedule an appointment. 844.375.7027. Annual Percentage Yield (APY) is accurate as of and applies to the initial term of a new Featured CD. We may limit the amount you deposit in one or more Featured CDs to a total of $1,000,000 ($250,000 for CDs opened through bankofamerica.com). Alternative terms are not allowed.
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A Featured CD from Bank of America offers a steady return...
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Annual Percentage Yield (APY) is accurate as of 05/08/2024...
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Transfer Fees. Withdrawal Penalty. $0. $0. With a Flexible...
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Certificate of Deposit (CD) accounts. Information for: ZIP...
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Bank of America Life Plan ® is an easy, flexible way to set...
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Schedule an appointment. Schedule an appointment. Call us. Phone number:844.375.7028. Learn more about CD and IRA accounts from Bank of America, including CD maturity dates, differences between IRA accounts, and more.
- What is the minimum opening balance for a CD?The minimum opening balance varies depending on the type of CD account. View our CD accounts page for details.
- Where can I find CD rates?Visit our bank account interest rates page to view our CD interest rates. You can also visit our Flexible CD,Featured CD and Fixed Term CD pages fo...
- How long do I have to renew or close my account when my CD matures?CD accounts are set to auto-renew at maturity, but there is a grace period (a period of time following the maturity date of the account) during whi...
- How will I be notified that my CD is going to mature?A written notice will be sent to you at least 20 days in advance of the maturity date for CD terms of 30 or more days.
- How do I renew my CD account?CD accounts are set to auto-renew at maturity. Please schedule an appointment, visit a financial center or call a customer service representative a...
- How long will it take to process my CD application?If your funds are coming from another account at Bank of America, you will be notified by email within 1 - 2 business days.If your funds are coming...
- When do I start earning interest on my CD?Interest begins to accrue on the day your CD account is actually opened, not the day on which your form for opening the account is submitted. Your...
- What interest rate will be applied to my CD?Your CD account will be opened at the interest rate that was effective the day you submitted the form for opening your account.
- Does the bank charge a penalty for early withdrawal of my money?Yes. When you open a CD account, you're agreeing to keep your money in the account for a specific period of time. If you want to withdraw your mone...
- What is an IRA?An IRA is an individual retirement account that may provide either a tax-deferred or tax-advantaged way for you to save for retirement. There are m...
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- What The CD Grace Period Means
- How to Decide Whether to Renew A CD Or Close It
- Alternatives to CDs
- How to Close A CD
Financial institutions will specify in the bank account agreement a grace period to make changes to your account. The grace period is a short time frame, usually around 10 days, when you can withdraw your money and transfer it to another bank account. During the grace period, you won't have to worry about penalties or fees. A CD early withdrawal pe...
Alvin Carlos, CFA, CFP, financial planner, and managing director of District Capital Management, says in most cases, he recommends that people shouldn't automatically renew a CD. Instead, Carlos suggests that people consider whether they'll need the money for a particular reason relatively soon. Carlos also recommends comparing the current interest...
If you've decided you'll need access to your money relatively soon, a high-yield savings account or money market accountare alternative savings account options. These bank accounts allow you to earn more intereston your money than a regular savings account, but they have more flexibility than a traditional CD. You'll be able to make additional depo...
The process for closing a CD upon maturity varies across financial institutions. Some banks, like Ally Bank, let you close a CD through online banking. Other financial institutions, such as Synchrony, may require you to call customer support. If you bank with a local bank, you might have to go to a local branch to fill out some paperwork to initiat...
Feb 15, 2024 · Understanding CD Maturities. A certificate of deposit (CD) is a type of investment offered by most banks and credit unions that pay interest at a set rate in exchange for the customer agreeing to ...
Check images. Stop receiving paper statements in the mail. Instead you can view download or print your statements in Mobile or Online Banking anytime. [1] Go paperless now. Information for: ZIP code*. Schedule an appointment. 844.375.7028.
May 3, 2024 · The Bank of America Featured Certificates of Deposit come in five CD terms, ranging from seven months to 37 months. The bank’s CD rates tend to be much lower than the best CD rates from online ...
