Bank of America’s CD rates are currently low compared with top online banks, and many savers on forums feel they are not competitive unless you strongly value the big‑bank convenience and existing relationship perks.

Key CD rate picture

  • Third‑party rate roundups show some of the best 6–12 month CDs in early 2026 are around 4% APY at online banks and credit unions, which is far above what large brick‑and‑mortar banks typically pay.
  • Bank of America is frequently absent from “best CD rates” lists, reflecting that its posted APYs generally lag market leaders by a noticeable margin.

What this likely means for you

  • If your goal is maximum yield, independent personal‑finance outlets emphasize that online banks and credit unions usually offer much higher CD APYs than national branch banks like Bank of America.
  • If you prioritize branch access, existing BoA relationships, or integrated services, you might accept lower CD rates as a trade‑off for convenience.

Real‑world forum sentiment

  • On customer forums, several Bank of America users complain that BoA CD rates “suck” compared with what they later discovered at competitors, and some express regret about locking in low rates out of convenience.
  • Others point out that this pattern—low CD yields at big national banks—is typical across corporate banking, not unique to BoA, and that it is up to customers to shop around before committing.

How to check today’s exact rates

  • Bank of America publishes its current CD terms and APYs (for different balances and locations) on its official CD accounts page, which can change at any time and may differ by ZIP code.
  • For an up‑to‑the‑minute view, compare what you see on that page with current “best CD rates” roundups from major finance sites so you can see, in dollars, how much interest you give up by staying with BoA.

SEO notes (for your post): The focus keyword “bank of america cd rates” fits naturally in a guide that:

  • Explains that Bank of America CD rates are generally lower than top‑yield competitors but may suit customers who value convenience over return.
  • Adds context about “latest news” on CD yields (roughly 4% at leading institutions) and mentions “forum discussion” frustrations with BoA’s CD offerings as a trending topic.

Bottom note you provided is appropriate for this topic: “Information gathered from public forums or data available on the internet and portrayed here.”