Bank of America CD Rates (2026): Up to 4.00% APY
Bank of America's best CD rates are on two products: the 7-month Featured CD at 3.75% APY (4.00% on $100,000 or more) and the 12-month Flexible CD at 3.15%, which you can cash out without a penalty after the first 6 days. Rates are from its October 20, 2026 rate sheet for the New York area (the San Francisco Bay Area sheet matched), for new CDs and fixed once opened. Its regular Fixed Term CDs paid 0.03% at almost every term.
By Wealthy Pot Editorial · Facts checked October 21, 2026
Facts checked October 21, 2026 against Bank of America's own CD rate page and deposit agreement (4 sources, listed below). We re-check prices about once a month. We do not earn a commission from Bank of America.
Bank of America at a glance
| Featured CDs (APY) | 7 months 3.75% (4.00% on $100,000+), 10 months 2.95%, 13 months 2.00%, 25 months 1.75%, 37 months 0.11%; rate sheet effective October 20, 2026; for new CDs, fixed once opened [1] |
|---|---|
| Flexible CD (APY) | 12 months 3.15% (3.65% on $100,000+) [1] |
| Fixed Term CDs (APY) | 0.03% from 28 days to 10 years, except 90 to 179 days at 3.00% [1] |
| Minimum deposit | $1,000 for each CD type; up to $1,000,000 in total ($250,000 opened online) [2] |
| Flexible CD withdrawals | Full balance and interest can be withdrawn before maturity; penalty only within the first 6 days of the term or after a partial withdrawal [3] |
| Early withdrawal penalty (other CDs) | Under 90 days: all interest earned on the amount withdrawn, at least 7 days; 90 days to 12 months: 90 days of interest; 12 to 60 months: 180 days; 60 months or more: 365 days [4] |
| At maturity | Featured and Flexible CDs renew into a 3-month Flexible CD at 0.10% APY unless you act during the 7-day grace period [1] |
| Rates by location | Set by region; the New York and San Francisco Bay Area sheets we read had the same CD rates [1] |
| FDIC-insured bank | Bank of America, N.A. [1] |
Bank of America in official federal data
Rate compared with the national average
Bank of America's 1-year CD APY of 3.15% (as of October 21, 2026) is about 1.8 times the FDIC's national average for 12-month CDs, 1.76% (as of October 19, 2026). On $10,000 kept for a year, that is about $315 in interest against $176 at the national average, before tax; a CD locks its rate for the term, while the national average is for CDs opened that month.
Who holds your money
- Deposits are held by Bank of America, National Association, FDIC certificate #3510, based in Charlotte, NC, established October 17, 1904 according to the FDIC.
- FDIC insurance covers up to $250,000 per depositor, per insured bank, for each account ownership category. Money held at the same bank under another brand name counts toward the same limit.
- Size: $2122 billion in deposits and $2655 billion in total assets (June 30, 2026 call report). Primary federal regulator: Office of the Comptroller of the Currency.
Customer complaints filed with the CFPB
From October 2025 through September 2026, consumers sent the Consumer Financial Protection Bureau 8,904 complaints about checking or savings accounts at BANK OF AMERICA, NATIONAL ASSOCIATION, about 4.2 per $1 billion of deposits; the company responded on time to 99.3%. Complaint counts grow with the number of customers and cover the whole company, including checking accounts, and the CFPB does not verify each complaint, so treat them as a rough signal. Read the complaints.
Sources: FDIC BankFind (certificate, deposits and assets), FDIC national deposit rates (October 19, 2026), CFPB Consumer Complaint Database (product "Checking or savings account"). Updated monthly.
How Bank of America works
Bank of America sells three CDs. Featured CDs come in five set terms, and the 7-month term pays the most. The Flexible CD lasts 12 months and lets you take out the whole balance and interest without a penalty, except in the first 6 days, so it works like a no-penalty CD. Fixed Term CDs run from 28 days to 10 years but paid 0.03% at every term except 90 to 179 days. All three need $1,000. The federal-data block on this page compares the rates with FDIC national averages and shows Bank of America's CFPB complaint count.
Plan for maturity. Featured and Flexible CDs renew into a 3-month Flexible CD at 0.10% APY unless you change them during the 7-day grace period, so a CD you forget about earns almost nothing after its first term. A hypothetical: $10,000 in the Flexible CD at a 3.11% rate earns about $155.50 in 6 months (simple interest), and you could withdraw it then with no penalty. For a longer plan, an online bank and a CD ladder usually pay more.
A hypothetical early withdrawal from the 7-month Featured CD: you put in $10,000 at 3.69% (3.75% APY) and close it after 91 days. The term is between 90 days and 12 months, so the penalty is 90 days of interest: $10,000 x 3.69% x 90 / 365 = $90.99. Interest earned by then is about $92.00, so you would keep about $1. Use the CD calculator to compare terms.
Pros
- 7-month Featured CD at 3.75% (4.00% on $100,000+)
- 12-month Flexible CD at 3.15% with no penalty after the first 6 days
- $1,000 minimum on every CD type
- Branches nationwide
Cons
- Fixed Term CDs paid 0.03% at almost every term
- Featured CDs of 13 months or longer paid 2.00% or less
- Featured and Flexible CDs renew into a 3-month CD at 0.10%
- Penalty on a 1- to 5-year CD is 180 days of interest
Who Bank of America fits, and who should skip it
A good fit if
- You bank with Bank of America and want a short CD at your own bank.
- You want a 12-month CD you can cash out without a penalty.
- You have $100,000 or more for the 7-month Featured CD at 4.00%.
Limitations to know
- Featured CDs come only in 7, 10, 13, 25 and 37 months; alternative terms are not allowed. [2]
- Deposits in one or more Featured or Flexible CDs may be limited to $1,000,000, or $250,000 for CDs opened online. [2]
- If a CD has not earned enough interest to cover a penalty, the rest is taken from principal. [4]
- Rates are set by region; check the rate sheet for your ZIP code. [1]
Bank of America compared with alternatives
| Bank | 6-month | 1-year | 3-year | 5-year | Minimum |
|---|---|---|---|---|---|
| Bank of America | 0.03% | 3.15% (Flexible CD) | 0.03% | 0.03% | $1,000 |
| Marcus by Goldman Sachs | 3.95% | 4.40% | 4.40% | 4.40% | $500 |
| Wells Fargo | 0.05% | 1.50% | n/a | n/a | $2,500 ($5,000 for specials) |
| Chase | 2.25% | 0.50% | 2.00% | 2.00% | $1,000 |
| Capital One | 3.30% | 4.00% | 3.50% | 3.60% | $0 |
- Pick Marcus by Goldman Sachs if you want 4.40% from 1 to 6 years and a no-penalty CD.
- Pick Wells Fargo if you want an 11-month special at 3.99%.
- Pick Chase if you have Chase checking and want an 8- or 13-month featured CD.
- Pick Capital One if you want a big bank with branches and no minimum.
Security and privacy
- CDs are deposits of Bank of America, N.A., Member FDIC. FDIC insurance covers $250,000 per depositor, per bank, per ownership category. [1]
- Bank of America sends a maturity notice before a CD renews. [2]
Recent changes
| Date | What changed |
|---|---|
| Oct 20, 2026 | Rate sheet effective: 7-month Featured CD 3.75% APY (4.00% on $100,000+), 12-month Flexible CD 3.15%. [1] |
Bank of America FAQ
What are Bank of America CD rates today?
On the rate sheet effective October 20, 2026 (New York area), the 7-month Featured CD paid 3.75% APY (4.00% on $100,000+), the 12-month Flexible CD 3.15%, the 10-month Featured CD 2.95% and the 13-month 2.00%. Fixed Term CDs paid 0.03% except 90 to 179 days at 3.00%. Compare on our <a href="/cd-rates/">CD rates page</a>.
Does Bank of America have a no-penalty CD?
Its 12-month Flexible CD works like one: you can withdraw the full balance and interest before maturity without a penalty, except during the first 6 days of the term or after a partial withdrawal.
What is the minimum deposit for a Bank of America CD?
$1,000 for Featured, Fixed Term and Flexible CDs.
What is the penalty for withdrawing a Bank of America CD early?
For terms under 90 days, all interest earned (at least 7 days); 90 days to 12 months, 90 days of interest; 12 to 60 months, 180 days; 60 months or more, 365 days. The Flexible CD has no penalty after its first 6 days.
Is Bank of America FDIC insured?
Yes. CDs are deposits of Bank of America, N.A., Member FDIC, insured up to $250,000 per depositor, per bank, per ownership category.
How we researched this review
We did not get paid for this page. On October 21, 2026 we read Bank of America's own CD rate page, deposit account agreement and disclosures, quoted each fact and link every one below. FDIC and CFPB figures come straight from the agencies' public data. Penalty examples are our arithmetic on the bank's stated formula. CD rates for new accounts change often; we re-check them about once a month.
Sources
- Bank of America, Deposit rate sheet, New York Tri-State Area (effective October 20, 2026), checked October 21, 2026.
- Bank of America, Featured CD, checked October 21, 2026.
- Bank of America, Flexible CD, checked October 21, 2026.
- Bank of America, Deposit Agreement and Disclosures (effective May 15, 2026), checked October 21, 2026.
This review is for general information, not financial advice. CD rates for new accounts change often; the rate is fixed only once you open the CD. Confirm the current rate with the bank.