Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It was established on October 17, 1904.

It is the second largest bank holding company in the United States by assets.

Individual retirement accounts (IRAs)

Individual retirement accounts (IRAs) are accounts specifically found to use during retirement by offering significant tax advantages.

And the sooner you start, the longer your money has to grow.

Understanding Traditional vs. Roth IRAs

The 2 most common types of IRAs are Traditional and Roth.

Which one you choose (or qualify for) depends on your age, income, and financial goals.

Savings IRAs from Bank of America and Investment IRAs from Merrill Edge are available in both Traditional and Roth.

Featured CD IRA-

Guaranteed returns with automatic Featured CD IRA renewal at the end of term

Annual Percentage Yield (APY) 0.07%

Term 12 months

Minimum opening deposit $2,000

Renewal (applies to CDs only)-
Automatically renews to another Featured CD IRAFootnote8

Additional Deposits Upon maturity

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