Bank of America is the largest commercial bank in the United States.  So, we thought we would check out Bank of America’s CD interest rates to see how they compare to the competition.

Bank of America is currently promoting the Bank of America High Yield CD.  This certificate of deposit has a term of seven months.  The High Yield CD earns an interest rates of 3.20 percent, giving an Annual Percentage Yield of 3.25 percent.

This Bank of America CD requires a minimum deposit of $5,000.  If you are looking for a stable investment, you can rest assured that Bank of America CDs are insured as required by FDIC regulations.

If you are looking for a short-term CD with a nice rate of return, be sure to check out CD rates at Bank of America.  Check the Bank of America online banking web site for the current rates available in your area, as rates can fluctuate from time to time.