Highest CD Rates Info

Bank of America remains one of the largest banks in the United States despite the fact that it faced some major troubles in recent years, so we here at Highest CD Rates Info are going to show you their latest. Bank of America offers a multitude of investment options. Its personal finance is popular and its certificates of deposit attract the highest number of customers.

*Editor’s Note: this is an older article, and we have recently updated our research about current Bank of America CD Rates.  For our latest article on Bank of America Certificate of Deposit Rates, please see the following page: Bank of America CD Rates

Bank of America certificate of deposit rates depend on the internal financial policies and regulators’ action along with economic stability. The bank requires a minimum investment of $5,000 for CD and $2,000 for IRA accounts.

BoA CD rates for a standard investment of 1-year will yield an APY of 0.65% whereas the 6-month investment will return an APY of 0.35%. An 18-month investment will yield 0.85% whereas a 2-year investment will return 1.11%.

There can be changes in current cd rates due to a number of factors. As of May 15, 2010, a 3-year investment return s an APY of 1.75% and a CD of 4-years will also yield 2.01%.

The highest CD rates at the bank are available for the 5-year CD. It yields the highest APY of 2.51%. There is also a 10-year CD that offers the same APY of 2.75%.

If you are looking for the highest CD Rates then do consider the IRA investments. They offer the highest APYs at 3.01% for a 10-year investment. IRA also yields 2.75% for a 5-year investment and 2.25% for a 4-year CD; investment in three year CD will return an APY of 2.01%. Bank of America has the standard rules and regulations with this investment. It imposes penalties in case of early withdrawals.