Bank Of America 5 Year Cd Interest Rates
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Bank of america capital one.
Bank of america 5 year cd interest rates. The account does not offer a favorable interest rate either. It also requires a minimum of 1000. The best five year cd rates tend to be much higher than the national average rate of 0 39 apy. The minimum balance required to open this cd is 1 000.
Savers benefited from a period of rising rates as the. Make sure to enter the actual interest rate not the annual percentage yield apy. Fixed term cds offer lower apys but have a. Bank of america offers two kinds of cd account types.
The rate below applies for a deposit range from 5 year 119 months and is for the standard cd ira product which was calculated for the state of california. The published interest rate for this cd. Bank of america s featured cd comes only as a 12 month account. Our opinions are our own.
Annual percentage yield apy is accurate as of 09 23 2020 and applies to the initial term of a new standard term cd. In june 2013 average yields on 1 year and 5 year cds according to bankrate data were 0 24 percent apy and 0 78 percent apy respectively. Also it is 2 lower than the highest rate 2 75 updated dec 2019. You will need to meet a high minimum deposit of 10 000 to open bank of america s featured cd.
5 year cd rates checking accounts. The rate of 0 15 is 1 24 lower than the average 1 39. Although average 5 year cd rates are hovering around 0 46 percent we ve shopped around to find some of the top nationally available cds for you. These cds can help you work toward your individual savings goals.
Find out today s checking savings ira and cd account interest rates from bank of america. Compare these offers then calculate how much. Featured cds offer a higher apy but require a higher balance. The rate of 0 75 is 0 64 lower than the average 1 39.
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