Step Up CD: The Step Up CD offers a 28-month term, during which your interest rate increases every seven months.The four terms range from seven to 19 months. The minimum deposit is doubled to $1,000, which isn’t cheap, but it also isn’t atrociously unaffordable.

Although they’re more competitive than the standard CDs, you can still find better yields elsewhere.

CD Special: The CD Specials offer fixed rates.

Regardless of your chosen term, however, the yields are below the national average. Terms are flexible, with 11 options ranging from one to 60 months.

Standard CD: You can open a Standard CD with a minimum opening deposit of $500, which is low compared to many banks.

29, 2023, and were found using the ZIP code 10022. Bank Special-Rate CDs offer comparatively higher interest, going up to 4.80% APY, but aren’t competitive with the best rates available.Īccount details and rates are accurate as of Nov. Bank offer extremely low interest rates, with some annual percentage yields (APY) dipping to 0.05%.

To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs.Most certificates of deposit (CDs) at U.S. You may also visit the individual sites for additional information on their data and privacy practices and opt-out options. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices layer powered by the DAA or through the Network Advertising Initiative's Opt-Out Tool layer. Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. Relationship-based ads and online behavioral advertising help us do that.īank of America participates in the Digital Advertising Alliance ('DAA') self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). We strive to provide you with information about products and services you might find interesting and useful.

Bank of america cd interest rates