It’s time to update you on what Bank of America certificate of deposit rates look like right now. We at Bank Rate Info like to keep you appraised of the latest at your favorite banks, and today we’re looking at Bank of America interest rates.
There are two Bank of America CD rates worth looking at right now: the Risk Free and the High Yield accounts. Both have unique things to offer and both are available online right now. The last time we looked at these, in March, they were higher in return, but their rates now are still above the national average.
Risk Free CD
The Bank of America CD rates on this account are good, giving a 1.30% annual percentage yield (APY). What makes this account stand out, though, is the penalty-free withdrawal abilities it carries and the low $5,000 minimum monthly deposit required to carry the account through it’s short 9 month term. With a setup like that, this Bank of America certificate of deposit rates offer can’t be easily beaten.
High Yield CD
The Bank of America interest rates on their high yield CD are 1.75% APY for a 12 month term. That’s a good return, we think, on this otherwise standard CD. To get these Bank of America CD rates, you’ll need to deposit $5,000 minimum to open the account. Definitely worth looking at, though.
Both of these Bank of America CD rates are subject to change without notice and all Bank of America accounts are FDIC insured.
Tags: bank of america cd rates, bank of america certificate of deposit rates, Bank of America Interest Rates
