Bank of America CD Rates: 5.00% Top Rate for 7-Month or 13-Month Featured CD

Bank of America is offering some surprisingly good CD rates for one of the largest banks around, which usually isn't the case. Current 7-month and 13-month featured CD rates are at 5.00% APY, those rates are near the top of our CD rate tables for similar CD terms. The minimum opening deposit for Bank of America Featured certificates of deposit is $1,000. You can see a complete list of Bank of America CD rates, including Featured CD rates and Promotional CD rates below.

Bank of America Featured CD Rates

7-Month CD/IRA

  • Less than $10,000: Rate 4.89%, APY 5.00%
  • $10,000 - $99,999: Rate 4.89%, APY 5.00%
  • $100,000 - $999,999: Rate 4.89%, APY 5.00%
  • $1,000,000 and over: Rate 4.89%, APY 5.00%
  • 10-Month CD/IRA

  • Less than $10,000: Rate 0.05%, APY 0.05%
  • $10,000 - $99,999: Rate 0.05%, APY 0.05%
  • $100,000 - $999,999: Rate 0.05%, APY 0.05%
  • $1,000,000 and over: Rate 0.05%, APY 0.05%
  • 13-Month CD/IRA

  • Less than $10,000: Rate 4.89%, APY 5.00%
  • $10,000 - $99,999: Rate 4.89%, APY 5.00%
  • $100,000 - $999,999: Rate 4.89%, APY 5.00%
  • $1,000,000 and over: Rate 4.89%, APY 5.00%
  • 25-Month CD/IRA

  • Less than $10,000: Rate 2.96%, APY 3.00%
  • $10,000 - $99,999: Rate 2.96%, APY 3.00%
  • $100,000 - $999,999: Rate 2.96%, APY 3.00%
  • $1,000,000 and over: Rate 2.96%, APY 3.00%
  • Renewal: At maturity the 7, 10, 13, 25 and 37 Month Featured CD/IRA accounts will renew into a standard Fixed Term CD/IRA account with the same term.

    Promotional CD/IRA Products

    12-Month Flexible CD/IRA

  • Less than $10,000: Rate 3.45%, APY 3.51%
  • $10,000 - $99,999: Rate 3.45%, APY 3.51%
  • $100,000 - $999,999: Rate 3.45%, APY 3.51%
  • $1,000,000 and over: Rate 3.45%, APY 3.51%
  • Minimum to Open: $1,000 for CDs, $1,000 for IRAs
    Early Withdrawal Penalty: 7 days interest for withdrawals within first 6 days
    Auto-Renewal: Renews into a 9-Month Flexible CD/IRA after term completion.
    Penalty Details: Deductions from interest first, remainder from principal if interest is insufficient.

    See how Bank of America CD rates compare with other banks to find the best online CD rates today.

     
    Author: Brian McKay
    October 10th, 2023