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Savings IRAs
Retirement savings you can count on
Compare IRA options
Money Market IRA
No bank early withdrawal penalty. See details below.
Featured IRA CD
Early withdrawal penalty applies. See details below.
Fixed Term IRA CD
Early withdrawal penalty applies. See details below.
Flexible IRA CD
Early withdrawal penalty applies. See details below.
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Money Market IRA
$100
Featured IRA CD
$1,000
Fixed Term IRA CD
$1,000
Flexible IRA CD
$1,000
Money Market IRA
Deposits are insured by the FDIC up to $250,000 per depositor.
Featured IRA CD
Deposits are insured by the FDIC up to $250,000 per depositor.
Fixed Term IRA CD
Deposits are insured by the FDIC up to $250,000 per depositor.
Flexible IRA CD
Deposits are insured by the FDIC up to $250,000 per depositor.
Money Market IRA
None
Featured IRA CD
Choose from multiple options:
XXXX month to XXXX month
See available terms and rates
Fixed Term IRA CD
Choose any term:
XXXX month to XXXX years
See available terms and rates
Flexible IRA CD
Open a 12 month term online.
See available terms and rates
Money Market IRA
Call us for rates or to open an account: 888-827-1812
Featured IRA CD
X.XX-X.XX%Footnote[1]depending on balance and term
Fixed Term IRA CD
X.XX-X.XX%Footnote[2]depending on balance and term
Flexible IRA CD
X.XX-X.XX%Footnote[3] depending on balance and term
Money Market IRA
No set terms — you choose when to redeem your account
Featured IRA CD
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.Footnote[4]
Fixed Term IRA CD
These products will automatically renew for the same term.Footnote[4]
Flexible IRA CD
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.Footnote[4]
Money Market IRA
At any time
Featured IRA CD
No additional deposits until maturity
Fixed Term IRA CD
No additional deposits until maturity
Flexible IRA CD
No additional deposits until maturity
Money Market IRA
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.
Featured IRA CD
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 (PDF) 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.
Fixed Term IRA CD
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 (PDF) 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.
Flexible IRA CD
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 (PDF) and Deposit Rate Sheet for more detail about the penalty calculation.
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- Money Market IRA
Money Market IRA
No bank early withdrawal penalty. See details below.
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$100
Deposits are insured by the FDIC up to $250,000 per depositor.
None
Call us for rates or to open an account: 888-827-1812
No set terms — you choose when to redeem your account
At any time
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.
Featured IRA CD
Early withdrawal penalty applies. See details below.
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$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
Choose from multiple options:
XXXX month to XXXX month
See available terms and rates
X.XX-X.XX%Footnote[1]depending on balance and term
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.Footnote[4]
No additional deposits until maturity
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 (PDF) 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.
Fixed Term IRA CD
Early withdrawal penalty applies. See details below.
|
$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
Choose any term:
XXXX month to XXXX years
See available terms and rates
X.XX-X.XX%Footnote[2]depending on balance and term
These products will automatically renew for the same term.Footnote[4]
No additional deposits until maturity
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 (PDF) 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.
Flexible IRA CD
Early withdrawal penalty applies. See details below.
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$1,000
Deposits are insured by the FDIC up to $250,000 per depositor.
Open a 12 month term online.
See available terms and rates
X.XX-X.XX%Footnote[3] depending on balance and 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.Footnote[4]
No additional deposits until maturity
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 (PDF) 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
Not a Bank of America online banking customer?
Visit a financial center to open an IRA.
More questions?
Why use an IRA to save for retirement?
A can help you make the most of your hard-earned retirement. Here's how:
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What is a savings IRA?
A savings IRA is an individual retirement account (IRA) that provides either a tax-deferred or tax-free way for you to save for retirement. There are many different types of IRAs but Roth, Traditional and Rollover IRAs are the most common. Each IRA has certain eligibility requirements and unique features.
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Tax advantages
Enjoy tax benefits made to help you put away more.Footnote[5]
Saving on fees
No annual or custodial fees on your Bank of America IRA.Footnote[7]
Why bank with us?
Safety and security
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.Footnote[8]
A broad network of support
We're here for you anytime, almost anywhere with 24/7 online access and thousands of financial centers.
A convenient mobile app
Footnote[9]Keep track of your balance and accrued interest on the go. Sign in safely and quickly with fingerprint sign-in or Touch ID.®Footnote[10]
Rewarding relationships
Qualifying members can earn more rewards with their everyday banking.
Please select your county
Connect with us
- Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX 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.
- Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX 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.
- Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX 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.
- 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.
- 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 (PDF) for more information about Bank of America's fees.
- Best Overall Identity Safety in Banking, Javelin Strategy & Research. Oct 2014.
- 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.
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Featured IRA CD
Featured IRA CD
infoCurrent 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.
Before we open your Featured CD IRA, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Fixed Term IRA CD
Fixed Term IRA CD
infoCurrent 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.
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.
* Response required
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Flexible IRA CD
Flexible IRA CD
infoCurrent 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.
Before we open your Flexible CD IRA, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Featured IRA CD
Featured IRA CD
infoCurrent 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.
Before we open your Featured CD IRA, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Fixed Term IRA CD
Fixed Term IRA CD
infoCurrent 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.
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.
* Response required
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Flexible IRA CD
Flexible IRA CD
infoCurrent 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.
Before we open your Flexible CD IRA, choose your term and opening deposit amount. There is a $250,000 maximum amount for opening online.
* Response required
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Variable Rate CD IRA
Variable Rate CD IRA
infoCurrent 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.
Open a Variable Rate CD IRA today with a minimum of $XXXX. Earn a variable rate of interest over a fixed term - and benefit from the tax advantages of an IRA.
- Minimum opening deposit: $XXXX
- Maximum when opening online: $250,000
- Renewal: Change terms at renewal or renew at the same term automatically
- Additional deposits: At any time
What length of term would you like?
* Response required
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Enter your zip code
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