Bank of America CD Rates
Bank of America is one of the largest commercial banks in the United States, and has a wide range of savings accounts and certificates of deposit that it offers. Therefore, we here at Highest CD Rates Info decided to take a look at current Bank of America CD Rates to find the highest CD rates possible for your money.
*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
Of the CD rates Bank of America offers, right now they are featuring a Bank of America High Yield CD. This short term CD has a term of seven months. The CD interest rate is 3.06 percent, giving it an Annual Percentage Yield (APY) of 3.10 percent. Bank of America calls this a “special online only CD rate”. The Bank of America High Yield CD requires a minimum deposit of $5,000. All in all, this strikes us as a pretty respectable rate for such a short-term certificate of deposit.
Bank of America has many other certificates of deposit available also. The most interesting to us is a 60 month Bank of America Standard Term CD. This 5 year CD has an interest rate of 3.94 percent, and an Annual Percentage Yield of 4.01 percent, and has a minimum required investment of only $1,000.
Bank of America certificates of deposit are insured by the FDIC to the maximum amount allowed by law. CD rates can vary by region and change with time, so please do be sure to check the Bank of America web site to confirm the rates and terms available in your area.
[...] has been a while since we here at Highest CD Rates Info took our last look at Bank of America CD Rates. So, we decided it was time to update our research on CD rates at Bank of America. We were a [...]