2 Year Cd Rates Bank Of America

Bank of america offers two kinds of cd account types.

2 year cd rates bank of america.

Bank of america cd rates. These cds require a minimum deposit of 1 000. Standard term cd rates are available online for terms of 28 days to 10 years. 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.

As you can see below bank of america cd rates doesn t even come close to the rates of other banks namely online banks like marcus by goldman sachs and ally bank ally s one year cd 0 75 apy outperforms bank of america s 0 03 substantially. How bank of america cds rates compare to other banks. 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.

The best rates may pay a little more than 3 times what your local bank pays. Featured cds offer a higher apy but require a higher balance. Featured cd rates are slightly higher than. 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.

The best rates for a certificate of deposit are more than 2 5 times higher than average. Featured cds and fixed term cds. Onlineaccounts fnba com online deposit rates. Annual percentage yield apy is accurate as of 10 05 2020 and applies to the initial term of a new standard term cd.

For more information visit our frequently asked questions or contact us by phone. Thank you for choosing first national bank of america. 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. Compare rates on 2 year cds from banks and credit unions.

Shop around before you buy a cd. The minimum balance required to open this cd is 1 000.