Bank of America is one of the largest banks in the United States. It did face some turbulent times in recent months but has managed to stay afloat and expand its business. Bank of America offers a number of investment options and certificates of deposit constitute a popular option.

Bank of America CD rates for the fixed high yield CD are as follows. The bank requires a minimum investment of $5,000 for CD and $2,000 for IRA accounts.

CD rates at Bank of America for a one year high yield promotional CD are currently accrued at 0.80% APY for general CD and 1.05% APY for IRA investment.

The certificate of deposit rates for a standard investment of 1-year will yield 0.65% APY whereas the 6-month investment is calculated at 0.35%. An 18-month investment will yield 0.85% whereas a 2-year investment will return 1.11%. A 3-year investment return s an APY of 2.01% and a CD of 4-years will also yield 2.01%. A 5-year CD yields the highest APY of 2.51% but the bank also offers a 10-year CD with an APY of 3.51%.

IRA investments yield the highest APYs at 3.76% for a 10-year investment. IRA also yields 2.75% for a 5-year investment and 2.25% for a 4-year CD.

Bank of America imposes penalties on early withdrawals and this rule is applied across all investments, including IRA investments. The bank can also limit the total investment amount to be less than $500,000 under special circumstances.

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.