We here at Bank Rate Info haven’t had a look at the latest Bank of America CD rates in a little while, so we thought we would do that and bring you up to date. Looking at them, we’re glad we did. There is some interesting stuff going on with some Bank of America interest rates.
Promotional offers are usually where the best Bank of America certificate of deposit rates are found. The current promotions are with an 11 month term (online-only, auto-renews for an additional 11 months at standard rates). This offer is at 1.50% annual percentage yield (APY) and has a $5,000 minimum to open and maintain.
A similar IRA CD offer is made as a promotion for Bank of America CD rates with a 1.70% APY for twelve months (auto-renews for another 12 months at standard rates). This account requires a $2,000 minimum deposit to open and maintain and is a tax-exempt account provided it stays within the rules for an IRA investment.
Another offer for Bank of America certificate of deposit rates is the Risk Free CD. This is a nine month term with a 0.65% APY (0.75% for IRA). This account has a $5,000 minimum to open and maintain ($2,000 for IRA).
The Opt-Up Bank of America CD rates are also good. On an 18 month term, it has a 1.50% APY and allows you to “opt up” to a new rate once during the 18 month term. This account requires $10,000 to open and maintain.
Other CD rates are measured in days (7-179) and months (6-120). These standard terms have specific requirements depending on your term choice. 7-89 days pays 0.30% APY, 12-17 months pays 0.95% APY, 24-35 months pays 2.01% APY, and 120 months pays 3.51% APY.
Bank of America is fully FDIC insured.
Tags: bank of america cd rates, bank of america certificate of deposit rates, Bank of America Interest Rates
