2 Year Cd Rates Bank Of America

Featured cd rates are slightly higher than.

2 year cd rates bank of america.

Fixed term cds offer lower apys but have a. Click here to read more about features and tips related to 2 year cds. Following the recent rate attrition the 12 23 month cd s current 2 45 apy is now the highest nationally available 1 year cd rate offered by a bank. Annual percentage yield apy is accurate as of 10 05 2020 and applies to the initial term of a new featured cd.

These cds require a minimum deposit of 1 000. The best rates may pay a little more than 3 times what your local bank pays. The best rates for a certificate of deposit are more than 2 5 times higher than average. How bank of america cds rates compare to other banks.

The minimum balance required to open this cd is 1 000. The 12 23 month cd offered by michigan based first national bank of america fnba has been included in da s bi weekly cd rates summary for several months always within reach of the rate leaders in the 1 year cd category. For 2 year bank of america cds would consider the medium term policy directions and forecasts of the federal reserve in conjunction with its net interest margins on deposits bofa liquidity deposits are a cash flow source of funding to fund activities and provides liquidity regulations competition and loan to deposit ratio profiles. You may want to try our early withdrawal penalty calculator to compare a 2 year cd rate to the effective apy of a cd with a longer term and higher rate that is broken at the 2 year mark.

Shop around before you buy a cd. Thank you for choosing first national bank of america. Annual percentage yield apy is accurate as of 10 05 2020 and applies to the initial term of a new standard term cd. Compare rates on 2 year cds from banks and credit unions.

For more information visit our frequently asked questions or contact us by phone. Bank of america offers two kinds of cd account types. Standard term cd rates are available online for terms of 28 days to 10 years. Featured cds offer a higher apy but require a higher balance.

Onlineaccounts fnba com online deposit rates. Featured cds and fixed term cds.