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Compare Savings IRAs
Comparison Criteria Row Labels	Money Market IRA No bank early withdrawal penalty. See details below. Schedule an appointmentMoney Market IRA	Featured IRA CD Early withdrawal penalty applies. See details below. Get started Featured CD IRA layer	Fixed Term IRA CD Early withdrawal penalty applies. See details below. Get started Fixed Term CD IRA layer	Flexible IRA CD Early withdrawal penalty applies. See details below. Get started Flexible CD IRA layer
Minimum opening deposit ($250,000 maximum when opening online.)	$100	$1,000	$1,000	$1,000
FDIC Insured?	Deposits are insured by the FDIC up to $250,000 per depositor.	Deposits are insured by the FDIC up to $250,000 per depositor.	Deposits are insured by the FDIC up to $250,000 per depositor.	Deposits are insured by the FDIC up to $250,000 per depositor.
Term	None	Choose from multiple options: 7 month to 37 month See available terms and rates	Choose any term: 6 month to 10 years See available terms and rates	Open a 12 month term online. See available terms and rates
Annual percentage yield (APY)	Call us for rates or to open an account: 888.827.1812	For Featured CD IRA, NaN–NaN%^Footnote[4] depending on balance and term	0.01-0.01%^Footnote[5] depending on balance and term	NaN-NaN%^Footnote[6] depending on balance and term
Automatic renewal? (IRA CDs only)^Footnote[7]	No set terms — you choose when to redeem your account	At maturity, 7, 10, 13, 25 and 37 Month Featured IRA CDs will automatically renew into a 3 Month Flexible IRA CD unless you make a change during the 7-day grace period. The current APY on the 3 Month Flexible IRA CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY.	These products will automatically renew for the same term.	At maturity, a 12 Month Flexible IRA CD will automatically renew into a 3 Month Flexible IRA CD unless you make a change during the 7-day grace period. The current APY on the 3 Month Flexible IRA CD is 0.10%. Your rate will be determined at maturity. See Deposit Rate Sheet for more detail about the APY.
Additional deposits allowed?	At any time	No additional deposits until maturity	No additional deposits until maturity	No additional deposits until maturity
Early withdrawal penalty?	No bank early withdrawal penalty, however, a withdrawal from an IRA may be subject to a federal tax penalty (and possibly additional state and local taxes) if you are under age 59 ½.	An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your IRA. 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. For more detail about the penalty calculation and how grace periods are determined, see Deposit Agreement and Disclosures and Deposit Rate Sheet. A withdrawal from an IRA may also be subject to a federal tax penalty (and possibly additional state and local taxes) if you are under age 59 ½.	An early withdrawal penalty applies to any withdrawal you request outside of the grace period, which begins on the maturity date of your IRA. 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. For more detail about the penalty calculation and how grace periods are determined, see Deposit Agreement and Disclosures and Deposit Rate Sheet. A withdrawal from an IRA may also be subject to a federal tax penalty (and possibly additional state and local taxes) if you are under age 59 ½.	We will waive the early withdrawal penalty except in connection with any withdrawals you request within the first 6 days of the account term (or the first 6 days following any partial withdrawal). A withdrawal from an IRA may also be subject to a federal tax penalty (and possibly additional state and local taxes) if you are under age 59 ½. See Deposit Agreement and Disclosures and Deposit Rate Sheet for more detail about the penalty calculation.

Other long-term savings accounts available

Variable Rate CD IRA

Stay flexible and make deposits anytime

Certificate of Deposit (CD) Accounts

Competitive rates with multiple terms available

Learn more about CDs

Not a Bank of America online banking customer?

Visit a financial center to open an IRA.

Variable Rate CD IRA

Current Bank of America online banking customers are eligible to open an IRA account online.

Not a Bank of America customer? Visit a financial center to open an account.

What length of term would you like?

Interest Rate	APY
0.03%	0.03%

Which type of IRA would you like to open?

Variable Rate CD IRAs are available in both Traditional and Roth.

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Open a Traditional IRATraditional IRA contributions may be tax-deductible and withdrawals of qualified earnings are tax-free

Open a Roth IRARoth IRA contributions are not tax-deductible but contributions you withdraw are tax-free

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These rates may change at any time after the account is opened without prior notice.

Featured CD IRA

Only current Online Banking users can open this account online.

Not a Bank of America Online Banking user? Visit a financial center to open your IRA.

Before we open your Featured CD IRA, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.

For deposits over $250,000, Visit a financial center to open your account.

Interest Rate	APY
NaN%	NaN%

Now, choose your IRA type

Open a Traditional IRAContributions may be tax-deductible. Withdrawals of qualified earnings are tax-free.

Open a Roth IRAContributions aren't tax-deductible, but withdrawals of your contributions are tax-free.

Open now Open now

Fixed Term IRA CD

Only current Online Banking users can open this account online.

Not a Bank of America Online Banking user? Visit a financial center to open your IRA.

Before we open your Fixed Term CD IRA, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.

Interest Rate	APY
0.01%	0.01%

Now, choose your IRA type

Open a Traditional IRAContributions may be tax-deductible. Withdrawals of qualified earnings are tax-free.

Open a Roth IRAContributions aren't tax-deductible, but withdrawals of your contributions are tax-free.

Open now Open now

Flexible IRA CD

Only current Online Banking users can open this account online.

Not a Bank of America Online Banking user? Visit a financial center to open your IRA.

Before we open your Flexible CD IRA, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.

For deposits over $250,000, Visit a financial center to open your account.

Interest Rate	APY
NaN%	NaN%

Now, choose your IRA type

Open a Traditional IRAContributions may be tax-deductible. Withdrawals of qualified earnings are tax-free.

Open a Roth IRAContributions aren't tax-deductible, but withdrawals of your contributions are tax-free.

Open now Open now

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Bank of America charges no annual IRA custodial fee, however, fees and expenses are subject to change. Please note that other fees and expenses may apply, including early withdrawal penalties and trustee transfer fees. See your Personal Schedule of Fees for more information about Bank of America's fees. Back to content
Annual Percentage Yield (APY) is accurate as of 09/12/2025 and applies to the initial term of a new Featured CD IRA. We may limit the amount you deposit in one or more Featured CD IRAs to a total of $1,000,000 ($250,000 for CD IRAs opened through bankofamerica.com). Alternative terms are not allowed. Fees could reduce earnings on the account. Additional restrictions may apply. Ask your local financial center associate for details, terms and current rates. Back to content
Annual Percentage Yield (APY) is accurate as of 09/12/2025 and applies to the initial term of a new Fixed Term CD IRA. We may limit the amount you deposit in one or more Fixed CD IRAs to a total of $1,000,000 ($250,000 for CD IRAs opened through bankofamerica.com). Alternative terms are not allowed. Fees could reduce earnings on the account. Additional restrictions may apply. Ask your local financial center associate for details, terms and current rates. Back to content
Annual Percentage Yield (APY) is accurate as of 09/12/2025 and applies to the initial term of a new Flexible CD IRA. Flexible CD IRAs have a 12 month term. We may limit the amount you deposit in one or more Flexible CD IRAs to a total of $1,000,000 ($250,000 for CD IRAs opened through bankofamerica.com). We may change the interest rate and APY at any time before account opening without prior notice. Alternative terms are not allowed. Fees could reduce earnings on the account. Additional restrictions may apply. Back to content
We send you a maturity notice prior to renewal. Please read it carefully. We may change the type, term or other feature of your bank CD IRA by giving you notice. If we make a change, we tell you about the change in the maturity notice. Ask your local financial center associate for details, terms and current rates. Back to content
Best Overall Identity Safety in Banking, Javelin Strategy & Research. Oct 2014. Back to content
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Certain devices are eligible for enrollment in Touch ID^®, Face ID^® or fingerprint login. If eligible, you will have the option to enroll by following the prompts within the Mobile Banking app. If you store multiple fingerprints on your device including those of additional persons, those persons will also be able to access your Bank of America Mobile Banking app via fingerprint, including the ability to access a call center, when Touch ID^® or fingerprint is enabled. Data connection required. Wireless carrier fees may apply. Back to content

Compare IRA options

Compare IRA options

Money Market IRA

Featured IRA CD

Fixed Term IRA CD

Flexible IRA CD

Other long-term savings accounts available