Latest Bank of America Interest Rates - September 2026

Bank of America Interest Rates & Loan Products Overview

Quick Summary: Overview of current retail deposit yields and consumer loan products offered nationwide by Bank of America (BAC):

Key Benchmark & Deposit Rates:

• Reference Prime Rate: Standing at 6.75%, serving as the benchmark index for home equity lines, variable personal credit, and credit card rates.
• Savings & CDs: Standard Bank of America Advantage Savings earns a base 0.01% APY. Featured promotional Certificates of Deposit offer fixed yields ranging up to 2.00% APY for select 12-to-13-month terms.

Consumer Loans & Financing:

• Mortgage Loans: Standard 30-Year Fixed purchase mortgages start from 6.875% (approx. 7.110% APR), alongside 15-Year Fixed and 10y/6m adjustable-rate mortgage (ARM) options with terms up to 30 years and zero prepayment penalties.
• Auto Financing: Promotional new vehicle purchase financing starts as low as 4.94% APR for up to 60–72 month dealer purchases (including a limited-time 0.25% rate reduction promotion, with extra fee discounts available for Preferred Rewards members).
• Credit Cards: Consumer credit cards (e.g., Bank of America Customized Cash Rewards) provide 0% introductory APR periods followed by variable purchase APRs starting at 18.24% (Prime + 11.49%) with a 25-day grace period.
• Unsecured Personal Loans: Bank of America currently focuses primarily on credit cards, auto loans, and home equity lines of credit (HELOCs) rather than standalone unsecured personal installment loans.

💡 Financial Tip: Interest rates and CD APYs vary depending on geographic ZIP code, balance tiers, and your relationship tier in the Bank of America Preferred Rewards program.