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Bank of America CD
|Opening a Bank of America CD account can be quite profitable as the bank offers some of the best rates available in the market. CD or certificate of deposit is a time deposit provided by the bank to its consumers throughout the country. Bofa CDs are quite similar with savings account and they are insured by the FDIC. These CDs usually have fixed terms and fixed interest rates. They are intended to be held until the maturity period and can be withdraw together with the accrued interest. Bank of America CD terms are available in a number of options with attractive interest rates. The following are some of the best Bank of America CD products;
- High Yield CD
- Risk Free CD ®
- Standard Term CD
- Opt Up ® CD
Bank of America CD Rates
Bofa CD rates are very attractive for all the Bank of America CD account and consumers can take the advantage of it. Opening a Bank of America High Yield CD account will allow an individual to see rapid growth in the interest rate of his funds. It takes a minimum of $5,000 to open a High Yield CD account. At present, High Yield CD account of all balances are available at an interest rate of 0.90% with Annual Percentage Yield of same rate. On the other hand, one can get the return of Risk Free CD with the same flexibility of that of savings account. Risk Free CD on all balances is available at an attractive interest rate of 0.45% at present.
An individual can open a Bank of America CD account with a minimum of $1,000 and earn fixed interest rates for 18 months. Consumers are assured of complete safety and attractive interest rates with all the BOA CDs. Applications for new CD account is easily processed in just two business days and notification of approval is sent through email. Bank of America CD rates in Florida, Texas and New York are found to be very profitable for the customers residing in the state. CD rates of the bank also keep on changing at regular time interval and consumers can check the latest updates on the official website of the bank.
Bank of America CDs account allows the consumers to withdraw their deposited funds with all the accrued interest without facing any hassle. The bank will notify you before the end of the maturity period and you can choose to close your account or new renew it depending on your wish. The bank also provides grace period allowing you to renew or close your account. The customer service center of Bank of America CD department can be contacted by calling at the following numbers.
- 1.800.242.2632 (California)
- 1.800.323.9919 (Washington & Idaho)
- 1.888.827.1812 (All Other US States)