Bank of America CD Rates 2026 — Terms, Featured CDs, and Alternatives

Bank of America CD rates split into two very different products: standard Fixed Term CDs and Featured CDs — promotional offers, generally at higher rates, on select terms. Bank of America lists Featured CDs on terms of 7, 10, 13, 25 and 37 months; the current APY is on its Featured CD page. For scale, $10,000 earns $1 a year at 0.01% APY and $400 at 4.00% APY — check Bank of America’s page for the rates it pays today.

Rates shown are estimates, not Bank of America quotes. Bank of America can change its CD rates and APYs at any time before you open an account — check the current term and rate at bankofamerica.com or by phone first.

Bank of America CD Rates

Standard Fixed Term CDs

Featured CDs (Promotional — When Available)

Featured CDs are not always available. Check bankofamerica.com for current promotions. Any new-money requirement is part of the offer terms on bankofamerica.com.

What $10,000 Earns at Bank of America

Featured CD and online bank rates are illustrative, not current quotes, and change frequently — confirm current rates before opening an account.

At an example APY of 0.03%, $10,000 earns $3 over a year. How close a Featured CD gets to online bank rates depends on the rate on offer at the time, so compare before you open one.

Bank of America CD Key Terms

• Minimum deposit: $1,000
• FDIC-insured: Yes, up to $250,000 per depositor
• Early withdrawal penalty:
  • Under 90 days: the greater of all interest earned or 7 days of interest
  • 90 days up to 12 months: 90 days of interest
  • 12 months up to 60 months: 180 days of interest
  • 60 months or longer: 365 days of interest
• Auto-renewal: Yes — Fixed Term CDs renew into the same term; Featured CDs renew into a 3 Month Flexible CD at a lower rate. Act during the grace period to change that
• Grace period: 7 calendar days after maturity
• Opening options: Online or at a financial center

The Featured CD Strategy

Bank of America’s Featured CDs work like this:

• Offered on select terms (7, 10, 13, 25 and 37 months)

The key watch-out: Featured CDs auto-renew into a 3 Month Flexible CD at a lower rate, not the promotional rate. The 7-day grace period after maturity is when you can change or withdraw without an early withdrawal penalty. Set a calendar reminder 30 days before maturity so you’re ready.

Bank of America vs. Other Banks — Standard CD Rates

Compare Bank of America’s current standard CD rate with what online banks such as Marcus pay. A standard BofA CD mainly makes sense for convenience or when you want the money to stay at Bank of America for another reason.

Who Should Open a Bank of America CD?

A Bank of America CD makes sense when:

• A Featured CD is available at a rate you are happy with after comparing online banks, and you meet its terms
• You’re a BofA Rewards member (the program formerly called Preferred Rewards) and want balances that count toward your tier
• You want to consolidate accounts and accept a rate trade-off for simplicity

For savers focused purely on interest earnings, compare top online banks’ current rates with Bank of America’s standard rates; they do not depend on promotional timing.

Related Articles

• Best CD Rates of 2026
• Chase CD Rates 2026
• Citibank CD Rates 2026
• Promotional CD Rates — What They Are and How to Find Them
• 1-Year CD Rates 2026
• Bank of America vs. Chase

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.