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Checking
Savings
CDs/IRAs

We’re here to help you find the best savings option!

Wherever you are in life, Bank of America's CD and IRA accounts are available to help you reach your financial goals. Now that's peace of mind.

CDs and IRAs offer guaranteed rates, low opening minimums and a variety of terms.

FDIC insured: All Bank of America savings accounts, CDs and IRAs are FDIC insured up to applicable limits.

CDs have guaranteed rates until maturity.

Array of options: Explore a variety of rates and terms based on your goals.

mother of family looking at laptop with partner and kids in the background

Certificate of Deposit (CD)

A CD typically earns higher interest than a traditional savings account.

Enjoy the flexibility to choose terms that best match your savings objective (terms from 7 days to 10 years)
Guaranteed rate of return until maturity
Options to choose from such as Featured,¹ Fixed Term² or Flexible³ CDs
No annual fee

Compare our CD Options:

Featured¹ CD Account

Lock in a promotional rate

Multiple term options available
Rates vary based on balance/term
Early withdrawal penalty applies
$1,000 minimum opening deposit

Learn more

Fixed Term² CD Account

Set your preferred term

28-day to 10-year terms available
Rates vary based on balance/term
Early withdrawal penalty applies.
$1,000 minimum opening deposit

Learn more

Flexible³ CD Account

Easier access to your money

12-month term available
Early withdrawal penalty waived (except within the first 6 days of account opening or after partial withdrawal).
$1,000 minimum opening deposit

Learn More

Bank of America Individual Retirement Accounts (IRA)

An IRA offers tax advantages. The sooner you start, the longer your money has to grow.

Enjoy the certainty of fixed rates for a term and compound interest over time with a IRA CD
Open a Money Market IRA with a low minimum balance and the option of building your nest egg with automatic transfers
Options include Traditional, Roth,⁴ and SEP plans that offer tax advantages, and may be tax deductible or tax-free, based on plan⁵
No annual fee or custodial fees for Bank of America IRAs*

_{*Fees may apply for other transactions, including account closure}

Learn more

Alternatively, you can open an investment IRA with Merrill for your future needs:

Investment IRAs

Looking for a full range of investment choices? Open an IRA from Merrill and choose from a wide variety of stocks, bonds, ETFs, and well-known mutual funds.

Learn more

Speak to an associate for the most current CD and IRA Options:

Schedule an appointment Find a location

1

Featured CD/IRA terms may vary. The minimum balance required to open a Featured CD/IRA is $1,000. We may limit the amount you deposit in one or more Featured CDs/IRAs to a total of $1,000,000 ($250,000 for CDs/IRAs opened through bankofamerica.com). Alternative terms are not allowed. Fees could reduce earnings on the account. A penalty may be imposed for early withdrawal. At maturity, 7, 10, 13, 25 and 37 Month Featured CDs/IRAs will automatically renew into a 3 Month Flexible CD/IRA at a lower interest rate unless you make a change during the 7-day grace period. Additional restrictions may apply. Ask your local financial center associate for additional terms and current rates.

2

Fixed Term CD/IRA terms may vary. The minimum balance required to open a Fixed Term CD/IRA is $1,000 (for terms of 28 days or more). We may limit the amount you deposit in one or more CDs/IRAs to a total of $1,000,000 ($250,000 for CDs/IRAs opened through bankofamerica.com). Fees could reduce earnings on the account. A penalty may be imposed for early withdrawal. Additional restrictions may apply. Ask your local financial center associate for details, terms and current rates.

3

Flexible CD/IRA terms may vary. The minimum balance required to open a Flexible CD/IRA is $1,000. We may limit the amount you deposit in one or more Flexible CDs/IRAs to a total of $1,000,000 ($250,000 for CDs/IRAs opened through bankofamerica.com). Alternative terms are not allowed. A penalty of 7 days interest will be imposed for early withdrawals within the first 6 days of the account term (or within the first 6 days following any partial withdrawal during the initial or any renewal term). If your account has not earned enough interest to cover an early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal. Fees could reduce earnings on the account. At maturity, a 12 Month Flexible CD/IRA will automatically renew into a 3 Month Flexible CD/IRA at a lower interest rate unless you make a change during the 7-day grace period. Additional restrictions may apply. Ask your local financial center associate for additional terms and current rates.

4

There is a single, 5-year holding period when determining whether earnings can be withdrawn federal (and, in most cases, state) income tax-free as part of a qualified distribution from a Roth IRA. This period begins January 1 of the year of the first contribution to any Roth IRA account.

5

Contribution and compensation limits are subject to a cost-of-living adjustment annually pursuant to the Internal Revenue Code. Contribution and compensation limits for subsequent years may vary.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S" or “Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Banking, mortgage and home equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Bank of America, N.A. Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Investment products are provided by MLPF&S and:

Are not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

MAP7233559

We’re here to help you find the best savings option!

CDs and IRAs offer guaranteed rates, low opening minimums and a variety of terms.

Certificate of Deposit (CD)

Compare our CD Options:

Featured1 CD Account

Fixed Term2 CD Account

Flexible3 CD Account

Bank of America Individual Retirement Accounts (IRA)

Alternatively, you can open an investment IRA with Merrill for your future needs:

Investment IRAs

Speak to an associate for the most current CD and IRA Options:

Featured¹ CD Account

Fixed Term² CD Account

Flexible³ CD Account