2 Year Cd Rates Bank Of America

Fixed term cds offer lower apys but have a.

2 year cd rates bank of america.

Compare rates on 2 year cds from banks and credit unions. Annual percentage yield apy is accurate as of 10 05 2020 and applies to the initial term of a new standard term cd. Onlineaccounts fnba com online deposit rates. How bank of america cds rates compare to other banks.

Featured cds and fixed term cds. 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. 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. Use the filter box below to customize your results.

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. 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. Bank of america offers two kinds of cd account types. Featured cd rates are slightly higher than.

Thank you for choosing first national bank of america. Click here to read more about features and tips related to 2 year cds. Featured cds offer a higher apy but require a higher balance. 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.

The best rates for a certificate of deposit are more than 2 5 times higher than average. For more information visit our frequently asked questions or contact us by phone. Shop around before you buy a cd. Annual percentage yield apy is accurate as of 10 05 2020 and applies to the initial term of a new featured cd.

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