What makes these accounts unique is that the CD rates are offered for a short 9 month term with optional renewal (instead of default or required).  So you can get these great Bank of America CD rates for a 9 month term, at your discretion.  That’s an unheard of offer and can be very compelling.

The Risk Free CD rates are at 1.30% annual percentage yield (APY) with a $5,000 minimum deposit requirement.  “Risk Free” means this Bank of America CD allows you to withdraw funds without penalties provided the minimum balance is above the $5,000 requirement.  This keeps your money from being completely tied up should you need it.

The High Yield Bank of America CD is a traditional CD, but with a great APY of 1.75% for that twelve months.  This one also has a minimum balance of $5,000 required.  These are great CD rates at a national bank that probably has branches in your area.

All Bank of America CD accounts are FDIC insured.  To get these great Bank of America CD rates, you’ll need to act fast.  These are best CD rate offers that will not last long.

Related posts:

1. Bank of America CD Rates
2. Bank of America High Yield CD
3. Bank America CD Rates

Bank of America CDs come in several varieties.  You can purchase a High Yield CD, Risk Free CD, Opt-Up CD or a Standard CD.  Thist article will review each of these varieties of B of A CD’s.

Bank of America High Yield CD

The Bank of America High Yield CD has a short 7-month term and a minimum deposit of $5,000.  The CD interest rate on this BofA CD is 3.69% or 3.75% APY.  For a 7 month CD this is a very good interest rate.  If you are looking for a short term investment, we really like the Bank of America High Yield CD.

Bank of America Risk Free CD

The main feature of the Bank of America Risk Free CD is that B of A Bank will waive the early withdrawl penalty if you withdrawal the money from this CD early but re-deposit into another B of A account.  You have to remember that you will pay for this increased flexibility.  The Bank of America CD rates on the Risk Free CD are less than the cd rates on the Bank of America High Yield CD rates.  The Risk Free CD rates are currently 2.60% APY for a 9 month CD.

Bank of America Opt-Up CD

The Bank of America Opt-Up CD allows you to convert your BofA CD into a new CD if the Bank of America CD rates go up.  However, the CD rate of the new CD will be half-way between the original CD rate of your Opt-Up CD and the new CD rates.  If you think that CD interest rates might go up, the Bank of America Opt-Up CD is a great way to cover you on upside risk.

Due to the length of this post, we will cover the Standard CDs offered by Bank of America in a subsequent article.  Hopefully this first article on Bank of America CD rates provided you with a good review of the Bank of America CD’s.

Related posts:

1. Best CD Rate Bank of America
2. Bank of America High Yield CD
3. Bank America CD Rates