Bank of America CD Rates

February 28, 2009

We here at Top CD Rates had to have a look at the Bank of America CD rates if for no other reason than because Bank of America is one of the largest banks in the United States. Their rates are definitely competitive and worth a look, with some CD rates at Bank of America at 3.75 percent annual percentage yield!

One of the most popular Bank of America CD rates plans is the Opt-Up CD. This is sort of a contingency certificate of deposit rates account that allows you to “upgrade” to a newer CD package if the rates at Bank of America’s CDs go up. Sort of like the “price guarantee” at popular department stores, but for a CD.

Two of Bank of America CD rates that are definitely high yield are the High Yield CD and the Risk Free CD. Both have competitive rates and are at or above the national average.

The Bank of America High Yield CD offers some of the highest CD rates at Bank of America, with a minimum deposit of $5,000, it’s a 7 month short-term CD with a 3.69 to 3.75 percent annual percentage yield (depending on total deposit amount). We think that might be one of the best certificate of deposit rates on a short-term CD.

The Bank of America Risk Free CD has a lower yield, but more flexibility than traditional CDs. The Bank of America CD rates for this account are at 2.6% APY with 9 months minimum, but the flexibility comes from the ability to transfer some or all of the account’s balance to another Bank of America account without penalty. You can probably see a lot of great contingency uses for that.

Overall, Bank of America CD rates seem to be, in our opinion, worth looking at. Bank of America is FDIC insured. If you’re looking for a CD, you should check out the current CD rates at Bank of America since certificate of deposit rates and terms can change quickly and by location.

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