Bank of America CD rates split into two very different products: standard Fixed Term CDs paying as little as 0.01% APY, and Featured CDs — promotional offers on specific terms. As of September 2026, a Bank of America Featured CD (13-month term) was reported at roughly 4.00% APY by third-party rate trackers. The difference from standard rates is still enormous: $10,000 in a standard BofA CD earns roughly $1 per year, while the same $10,000 in a 4.00% Featured CD would earn about $400.
Rates shown are approximate as of September 2026, based on Bank of America’s published Fixed Term CD rates and third-party rate-tracker reporting on current Featured CD terms. Featured CD availability and rates change frequently and are not always listed on Bank of America’s main CD page — verify the current term and rate at bankofamerica.com or by phone before opening an account.
Bank of America CD Rates — September 2026
Standard Fixed Term CDs
| CD Term | Standard APY (Est.) |
|---|---|
| 28 days | 0.01% |
| 3 months | 0.01%–0.03% |
| 6 months | 0.01%–0.03% |
| 1 year | 0.01%–0.03% |
| 18 months | 0.01%–0.03% |
| 2 years | 0.01%–0.03% |
| 3 years | 0.01%–0.03% |
| 5 years | 0.01%–0.03% |
Featured CDs (Promotional — When Available)
| CD Term | Featured APY (Est.) | New Money Required |
|---|---|---|
| 7 months | Confirm current rate — rotates | Yes |
| 10 months | Confirm current rate — rotates | Yes |
| 13 months | ~4.00%+ (reported September 2026) | Yes |
| 25 months | 4.00%–4.40%+ | Yes |
Featured CDs are not always available. Check bankofamerica.com for current promotions. “New money” means funds transferred from an external bank — existing BofA deposits typically do not qualify.
What $10,000 Earns at Bank of America
| CD Type | Rate | Interest on $10K (12 months) | Total at Maturity |
|---|---|---|---|
| Standard Fixed Term | 0.03% | $3 | $10,003 |
| Featured CD (13-month, reported September 2026) | ~4.00% | ~$400 | ~$10,400 |
| Top online bank (illustrative, September 2026) | ~4.20% | ~$420 | ~$10,420 |
Featured CD and online bank rates are illustrative based on September 2026 rate-tracker data and change frequently — confirm current rates before opening an account.
The standard Fixed Term CD at Bank of America earns $3 on $10,000 over a year — less than a single tank of gas. A Featured CD, when available, closes much of the gap with online banks.
Bank of America CD Key Terms
- Minimum deposit: $1,000
- FDIC-insured: Yes, up to $250,000 per depositor
- Early withdrawal penalty:
- 12 months or less: 90 days of interest
- Over 12 months to 5 years: 180 days of interest
- Auto-renewal: Yes — at the current standard rate (not the Featured rate) unless you act during the grace period
- Grace period: 7 calendar days after maturity
- Opening options: Online, by phone, or in branch
The Featured CD Strategy
Bank of America’s Featured CDs follow a similar pattern to Citibank’s promotions:
- Offered for limited windows on non-standard terms (7 months, 13 months, 25 months)
- Require “new money” from outside Bank of America
- Offer rates that can rival online banks
The key watch-out: Featured CDs auto-renew into a standard Fixed Term CD at the current standard rate (0.01%–0.03%), not the promotional rate. The 7-day grace period at maturity is your only window to act. Set a calendar reminder 30 days before maturity so you’re ready.
Bank of America vs. Other Banks — Standard CD Rates
| Bank | Standard 1-Year CD Rate (September 2026) | Minimum |
|---|---|---|
| Bank of America (standard) | ~0.03% APY | $1,000 |
| Chase (standard) | 0.01% APY | $1,000 |
| Citibank (standard) | ~0.10% APY | $500 |
| Marcus by Goldman Sachs (illustrative — confirm current rate) | ~4.00%–4.20% APY | $0 |
| Ally Bank (illustrative — confirm current rate) | ~4.00%–4.20% APY | $0 |
| National average, 1-year CD (FDIC/NerdWallet, Sept 2026) | ~2.05% APY | Varies |
Bank of America’s standard CD rate is at the very bottom of the industry. The only reason to use a standard BofA CD is extreme convenience or if you specifically need to keep funds within 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 of 4.00%+ APY and you have new money to bring in from outside BofA
- You have a Preferred Rewards status (Gold, Platinum, Platinum Honors) which may unlock marginally better rates or fee waivers
- You want to consolidate accounts and accept a rate trade-off for simplicity
For savers focused purely on interest earnings, top online banks consistently outperform Bank of America’s standard rates without any promotional timing required.
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
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy