Bank of America CD Rates 2011

March 26, 2011 No Comments »

UPDATE: Visit BofA’s CD rates in 2012.

In our latest coverage of CD rates offered by the largest banks in the country, we tracked down Bank of America’s current CD rates as of March 2011. BofA’s CD rates in 2011 aren’t much different then they were last year – they are still sitting below the national average by a decent sized margin and their product offerings remain the same. If you must open a CD with BofA, we’d probably recommend their “Opt-Up” CD so that you’re not locked in to the same abysmal rate for the entire duration of your deposit. Complete terms and conditions of Bank of America’s Opt-Up CD can be found at the bottom of this post.

Bank of America CD Rates 2011:

(rates accurate as of March 2011 in Florida branches. Visit BankofAmerica.com for updated rate info or to change your state of origin.)

- 6 to 11 month CD yielding 0.30% APY with a minimum deposit amount of $1000 required.

- 12 to 17 month CD yielding 0.45% APY with a minimum deposit amount of $1000 required.

- 18 to 23 month CD yielding 0.60% APY with a minimum deposit amount of $1000 required.

- 24 to 35 month CD yielding 0.65% APY with a minimum deposit amount of $1000 required.

- 36 to 47 month CD yielding 1.00% APY with a minimum deposit amount of $1000 required.

- 48 to 59 month CD yielding 1.31% APY with a minimum deposit amount of $1000 required.

- 60 month CD yielding 2.01% APY with a minimum deposit amount of $1000 required.

Terms and Conditions of Opt-Up CD:

If you’ve opened an Opt-Up CD and rates rise, contact BofA anytime after your CD has been open for at least six months to request your one-time rate increase. This new rate will apply only to the remaining term of your CD. All other terms and conditions, including penalties for early withdrawal, remain the same.

For example, if your opening interest rate was 2.00%, after six months, if a new Opt-Up CD is offered at 2.50%, your rate could increase to 2.50% for the remainder of the term.

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