If you are looking for a stable 12 month CD that comes with both FDIC insurance and the added security of one of the largest banks in the world, then this new promotional offer from Bank of America may interest you. The Bank is currently offering a 1.00% APY on a 12 month High Yield CD. The Annual Percentage Yield (APY) is accurate as of 11/30/09 and the minimum balance required to open the account is $5,000. Bank of America also states that they limit the amount you may invest in one or more High Yield CDs to a total of $1,000,000 ($250,000 for CDs opened through bankofamerica.com).
Bank of America Deal
Upgrade Your 12 Month CD Online
This offer is promotional, and is only available online. The easy online application claims to only take 5-10 minutes, and after reviewing the application, this seems to be accurate. For current B of A customers, the process is even easier, as you can sign into your online banking account and have your information automatically input into the required fields. If this CD product interests you, MyBankTracker.com recommends you call your local customer service representative and ask them what steps need to be taken to open this account.
Currently, the standard Bank of America 12 month CD has an APY of 0.85% with deposits less then $10,000. This new offer guarantees an increase in your investment of at least .15% APY.
You can view the promotional offer online here.
