Bank of America
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Bank of America 6 Month CD Rates


Type Fixed
Rate 0.03%
Currency USD

Website: http://www.bankofamerica.com

Authority: Bank of America (BOA/BofA) is a major US nationally chartered bank with deposits FDIC insured. It has origins back from 1904 and has the largest ATM network in the country including more than 5,800 banking centers. 

How to open a Bank of America Certificate of Deposit:

- You can apply directly online at the bank website: http://www.bankofamerica.com

- You may also visit a physical Bank of America branch by searching by their website address, zip code, city or state for nearest locations.

What information you may require to open a US Bank of America CD Account:

- This may include but not limited to a social security number, debit or account number, a home address, email, banking ID and password ....

Information to consider when opening Bank of America 6 Month CD Rates:

A six month CD is common maturity term made available by many bank and is short term fixed interest investment or savings product. It is illiquid compared to a liquid savings account but has a higher premium. When determining the interest rate to set for this particular product, BofA is influenced like other banks by the monetary policy of the Federal Reserve (independent central bank of the United States). The 'Fed' who sets the 'fed funds rate' and provides economic forecasts on inflation can influence significantly whether Bank of America puts its interests for CDs up, down or the same. For 6 month Bank of America CDs, it would consider the current policies and short term forecasts of federal reserve as well as its net interest margins, BofA liquidity (deposits are a cash flow source of funding to fund activities and provides liquidity), regulations, competition and loan to deposit ratio profiles.

The current 6 Month interest rate below is for the Standard CD/IRA Product and was calculated for the State of California.


The rate of 0.03% is 0.84% lower than the average 0.87%. Also it is 2.32 % lower than the highest rate 2.35 Updated Aug, 2019

on Bank of America's secure website

Website: http://www.bankofamerica.com

Authority: Bank of America (BOA/BofA) is a major US nationally chartered bank with deposits FDIC insured. It has origins back from 1904 and has the largest ATM network in the country including more than 5,800 banking centers. 

How to open a Bank of America Certificate of Deposit:

- You can apply directly online at the bank website: http://www.bankofamerica.com

- You may also visit a physical Bank of America branch by searching by their website address, zip code, city or state for nearest locations.

What information you may require to open a US Bank of America CD Account:

- This may include but not limited to a social security number, debit or account number, a home address, email, banking ID and password ....

Information to consider when opening Bank of America 6 Month CD Rates:

A six month CD is common maturity term made available by many bank and is short term fixed interest investment or savings product. It is illiquid compared to a liquid savings account but has a higher premium. When determining the interest rate to set for this particular product, BofA is influenced like other banks by the monetary policy of the Federal Reserve (independent central bank of the United States). The 'Fed' who sets the 'fed funds rate' and provides economic forecasts on inflation can influence significantly whether Bank of America puts its interests for CDs up, down or the same. For 6 month Bank of America CDs, it would consider the current policies and short term forecasts of federal reserve as well as its net interest margins, BofA liquidity (deposits are a cash flow source of funding to fund activities and provides liquidity), regulations, competition and loan to deposit ratio profiles.

The current 6 Month interest rate below is for the Standard CD/IRA Product and was calculated for the State of California.


The rate of 0.03% is 0.84% lower than the average 0.87%. Also it is 2.32 % lower than the highest rate 2.35 Updated Aug, 2019

on Bank of America's secure website

Type Fixed
Rate 0.03%
Currency USD

Compare Bank of America Deposit rates

Account Name Rate
Bank of America 8 Year CD Rates 0.75%
Bank of America 6 Year CD Rates 0.75%
Bank of America 9 Year CD Rates 0.75%

Compare 6 month rates in United States

Account Name Rate
TIAA 6 Month CD Rate 2.35%
BOI USA 6 Month CD Rate 2.25%
Bank of Baroda 6 Month CD Deposit Rate 2.20%

Bank Of America Discussion

  • Q: WHAT IS MONEY PENALTY IF CASH CD BEFORE MATURE DATE?

    Reply Junior from The Bronx, United States
  • Q: WHAT IS MONEY PENALTY IF CASH CD BEFORE MATURE DATE?

    Reply PAT from Tavares, United States
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Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches