Retirement savings you can count on Retirement savings you can count on Retirement savings you can count on

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Why use an IRA to save for retirement?

A savings IRA layer can help you make the most of your hard-earned retirement. Here's how:

Enjoy tax benefits made to help you put away more.^adatext

Deposits are insured by the FDIC up to $250,000 per depositor.^adatext
Learn more about FDIC insurance

No annual or custodial fees on your Bank of America IRA.^adatext

Compare IRA options

Compare Savings IRAs
Comparison Criteria Row Labels	Money Market IRA No bank early withdrawal penalty. See details below. Schedule an appointmentMoney Market IRA	Featured CD IRA Early withdrawal penalty applies. See details below. Get started Featured CD IRA layer	Fixed Term CD IRA Early withdrawal penalty applies. See details below. Get started Fixed Term CD IRA layer	Flexible CD IRA Early withdrawal penalty applies. See details below. Get started Flexible CD IRA layer
Minimum opening deposit	$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: XXXX to XXXX See available terms and rates	Choose any term: XXXX to XXXX 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, X.XX–X.XX%^adatext depending on balance and term	X.XX-X.XX%^adatext depending on balance and term	X.XX-X.XX%^adatext depending on balance and term
Automatic renewal? (CDs only)^adatext	No set terms — you choose when to redeem your account	These products will auto-renew into a Fixed Term CD IRA for the same term.	These products will automatically renew for the same term.	The product will auto-renew into a 9 Month Flexible CD IRA.
Additional deposits allowed?	At any time	No additional deposits until maturity	No additional deposits until maturity	No additional deposits until maturity
Early withdrawal penalty?	A withdrawal from an IRA may be subject to federal tax (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.	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. An early withdrawal from an IRA may also be subject to additional federal tax (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. An early withdrawal from an IRA may also be subject to additional federal tax (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). An early withdrawal from an IRA may also be subject to additional federal tax (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.

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:

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

Interest Rate	APY

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 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 Fixed Term CD IRA, choose your:

Interest Rate	APY

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 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 Flexible CD IRA, choose your:

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

Interest Rate	APY

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

Other long-term savings accounts available

Variable Rate CD IRA

Stay flexible and make deposits anytime

Learn more about Variable Rate CD IRAs layer

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
XXXX%	XXXX%

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

Open now Open now

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

Why bank with us?

For 9 years in a row, Bank of America was recognized as having the Best Overall Identity Safety in Banking by Javelin Strategy & Research, the nation's leading provider of financial institution research.^adatext

Keep track of your balance and accrued interest on the go. Sign in safely and quickly with fingerprint sign-in or Touch ID.^®^adatext

We're here for you anytime, almost anywhere with 24/7 online access and thousands of financial centers.

Qualifying members can earn more rewards with their everyday banking. Learn more about Preferred Rewards.

Why bank with us?

We're here for you anytime, almost anywhere with 24/7 online access and thousands of financial centers.

Keep track of your balance and accrued interest on the go. Sign in safely and quickly with fingerprint sign-in or Touch ID.^®^adatext

Qualifying members can earn more rewards with their everyday banking. Learn more about Preferred Rewards.

Contact us
Schedule an appointment
Schedule an appointment
Call us
Phone number:844.375.7027

Savings IRAs

Retirement savings you can count on Retirement savings you can count on Retirement savings you can count on

Why use an IRA to save for retirement?

What is a savings IRA?

Tax advantages

FDIC insurance

Saving on fees

Compare IRA options

Compare IRA options , open

Compare IRA options

Money Market IRA

Featured CD IRA

Fixed Term CD IRA

Flexible CD IRA

Featured CD IRA

Before we open your Featured CD IRA, choose your:

Now, choose your IRA type

Fixed Term CD IRA

Before we open your Fixed Term CD IRA, choose your:

Now, choose your IRA type

Flexible CD IRA

Before we open your Flexible CD IRA, choose your:

Now, choose your IRA type

Other long-term savings accounts available

Variable Rate CD IRA

Certificate of Deposit (CD) Accounts

Not a Bank of America online banking customer?

More questions?

Variable Rate CD IRA

What length of term would you like?

Which type of IRA would you like to open?

Why bank with us?

Why bank with us? , open

Safety and security

A convenient mobile app adatext

A broad network of support

Rewarding relationships

Why bank with us?

Safety and security

A broad network of support

A convenient mobile app adatext

Rewarding relationships

Please select your county

Enter your zip code

Contact us

A convenient mobile app ^adatext

A convenient mobile app ^adatext