Bank of America’s Featured CD accounts come in five CD terms, ranging from seven months to 37 months….How Much Can You Earn With Bank of America’s CD Rates?
| CD Term | APY | Interest Earned |
|---|---|---|
| 10 Months | 0.05% | $4.17 |
| 13 Months | 0.05% | $5.42 |
| 25 Months | 0.05% | $10.42 |
| 37 Months | 0.05% | $15.43 |
Are there any 2% CDS?
The best 2-year CD rates in December 2021
| Institution | APY | Minimum to earn APY |
|---|---|---|
| Bethpage Federal Credit Union | 0.70% | $50 |
| Marcus by Goldman Sachs | 0.70% | $500 |
| First Internet Bank of Indiana | 0.70% | $1,000 |
| Pentagon Federal Credit Union | 0.70% | $1,000 |
What is Bank of America interest rate?
Bank of America interest rates
| Interest rate on balances | 0.01%. |
|---|---|
| How it compares | The average national rate for savings accounts is 0.06% APY. |
| Monthly fees | $8, waived for the first six months. |
What’s the longest term CD?
Most banks and credit unions don’t offer CDs for terms longer than five years. But a few banks do, allowing you to choose from CDs in one-year intervals all the way through a 10-year term.
What bank has the best CD rates?
First Internet Bank
What is the best CD rate?
Highest Rate: Quontic Bank – 1.00% APY,$500 minimum deposit
What is the interest rate on a CD?
The average rate for a 5-year CD is 0.31 percent. The average rate for a 1-year jumbo CD is 0.19 percent . The average 5-year jumbo CD rate is 0.32 percent . When the Federal Reserve makes interest rate decisions, the rates that banks offer on CDs can change. The Fed can choose to raise or lower the federal funds rate.
What is the CD rate for Bank of America?
Find the highest CD rates at banks and credit unions by searching our rate tables here: Best CD Rates. Other Bank of America CD rates are also lower than the averages. 2 year ( 24 to 35 months) Bank of America CD interest rates are at 0.60% while the 2 year national average rate is 0.85% .
