Bank of America is one of the leading banks in the US today and they operate in numerous locations across the country. They offer four different kinds of CDs, mainly to meet the investment requirements of their customers. The four kinds of CDs are High Yield CD, Risk Free CD, Opt-Up CD and standard term CD. The High Yield CD helps to increase the interest earned from the investment provided the investor can lock in the money for a certain period of time. A minimum of $5,000 is required to open the CD and it has to be for a 12-month term. The current CD interest rates on this kind of CD is 0.90% APY.

The Risk Free CD option offered by Bank of America combines a savings account and a CD to give investors good return on investment as well as a good degree of flexibility. The main advantage of this kind of CD is that one can withdraw the money before the end of the term period. A minimum deposit of $5,000 is required with a maximum cap of $500,000. The term is usually 9 months and the Bank of America CD rates on this option is 0.45%. The Opt-Up CD helps investors to take advantage of interest rates as they increase. The term period is 18 months and one can invest anywhere between $10,000 and $250,000. The Bank of America CD rates on this CD is 1.10% APY. The last Bank of America Certificate of Deposit is the Standard Term CD which offers 1.35% APY. These are some of the best CD rates in the market today.

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.