Bank Of America Cd Rates
Offer good for the initial term only. CD is automatically renewed for the same term. The rate is determined based on the published rate for the CD, excluding CD Specials, that is closest to but not exceeding the term of the CD. Advertised rate and APY are offered at the bank's discretion and may change daily. Return to content, Footnote 3. ©2020 First National Bank of America, Member FDIC, Equal Housing Lender NMLS#413209 We collect your personal information when you use our site in accordance with our privacy policy. Bank of America offers two kinds of CD account types: featured CDs and fixed term CDs. Featured CDs offer a higher APY, but require a higher balance. Fixed term CDs offer lower APYs but have a.
Certificate of Deposit (CD) is designed for long-term deposits with fixed interest rates. You may choose specific terms from 3 months to 5 years. The fixed interest rate is applied until maturity, and your account will be automatically renewed with the interest rate determined at the time of maturity. The interest may be paid by either account credit or bank check. Minimum amount to open a CD account is $1,000.
Account Features and BenefitsBank of America CD Rates + Account Details. Bank of America CDs are federally insured by the FDIC up to the applicable limits. These are $250,000 per depositor or $500,000 on joint accounts. Bank of America has two sets of certificates of deposit available to consumers currently: “Featured CDs” and “Standard CDs.”.
- The Fixed interest rate is applied until maturity
- The account will be renewed automatically with interest rate determined at the time of maturity.
- The interest can be paid by either account credit or bank check.
CERTIFICATE OF DEPOSIT(CD) | IRA(INDIVIDUAL RETIREMENT ACCOUNTS) | HAPPY CLUB ACCOUNT | |
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Description | CD is designed for long-term deposits. Specific terms are from 3 months to 5 years with fixed interest rates. | IRA account helps you plan for retirement by taking advantage of deferred tax. | Reach your financial goals by choosing target amounts and terms and making monthly installment deposits. At maturity, you will get both principal and accrued interest. |
Minimum Deposit to Open | $1000 | $1000 | $1000 (Minimum Contract Amount) |
Early Withdrawal Penalty | |||
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Current Bank Interest Rates
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