|Bank of America CD or Certificate of Deposit is available in a number of options at attractive interest rates. You can choose a High Yield CD to see your investment grow at a rapid rate or opt a Risk Free CD to enjoy great flexibility in withdrawing your money before the maturity reaches. If you are an existing account holder of Bank of America CD, you can find the Opt Up CD a viable option for keeping the good features of your old certificate of deposit while enjoying the benefit of revised interest rates. Another option is to choose a Standard term CD with a fixed period and varying interest rates.
No matter what option you choose, you are assured of complete safety and multiplying growth of your deposit. This is because all BOA CDs are fully insured and promise a competitively high rate of interest. The minimum balance you must deposit for opening a CD account varies with the type of certificate of deposit you select. An application for a new account is processed within two business days and the applicant is notified via email when the process ends. The interest rate applicable will be the rate quoted on the day of your application and it starts accruing the day your application procedure ends.
Bank of America CD Rates
Bank of America CD Rates change each day and the updated rates can be viewed at the Deposit Interest Rates Sheet of the BOA website. You will find a separate page for each CD product of the bank where the current rates along with the salient features of the product are provided. Online tools and services like CD Calculator, Offer Code, Special Account Rates, Annual Percentage Yield (APY), IRA Rates, Customer Service Number, Laddering, Download, Press Release, Reviews etc are made available by the bank for existing as well as new customers.
Most CDs allow you to withdraw deposited amount along with the accrued interest rates only after the maturity. A notice is sent in this regard certain days before the maturity ends and you are also allowed a certain grace period to renew or close your account. To renew your account you can visit a banking center or make a call at 888.827.1812 to contact the customer service representative. Though you are not allowed to withdraw money before the maturity, you can do so by paying an early withdrawal penalty which may vary according to the type of your CD account.
For more information contact Bank of America CD Department or Customer Service.
Bank of America CD Department Phone Number
1.800.323.9919 (Washington & Idaho)
1.888.827.1812 (All Other US States)