#1
16th January 2017, 05:57 PM
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1 Yr CD Bank of America
Can you tell me about the rate of interest for 1 Year Certificate of Deposit (CD) Accounts as announced by Bank of America for its customers?
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#2
17th January 2017, 08:21 AM
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Re: 1 Yr CD Bank of America
The rate of interest and some other details for 1 Year Certificate of Deposit (CD) Accounts as announced by Bank of America for its customers are as follows: Featured CD Account Fixed CD rate and a predictable return without a long-term commitment • 0.07% annual percentage yield (APY) on all balances • 12 month term • $10,000 minimum opening balance Minimum to open: $10,000 CDs/$2,000 IRAs States, cities, counties and other public agencies are not eligible for this type of account and should contact their banking representative to discuss alternatives. Variable Rate Products for Business Customers Business Interest Maximizer Rate % APY % Less than $10,000 0.02 0.02 $10,000 - $24,999 0.02 0.02 $25,000 - $49,999 0.02 0.02 $50,000 - $99,999 0.03 0.03 $100,000 - $249,999 0.03 0.03 $250,000 - $499,999 0.03 0.03 $500,000 - $2,499,999 0.04 0.04 $2,500,000 and over 0.04 0.04 States, cities, counties and other public agencies are not eligible for this type of account and should contact their banking representative to discuss alternatives. Business Investment Account Rate % APY % Less than $10,000 0.02 0.02 $10,000 - $24,999 0.02 0.02 $25,000 - $49,999 0.02 0.02 $50,000 - $99,999 0.02 0.02 $100,000 - $249,999 0.02 0.02 $250,000 - $499,999 0.02 0.02 $500,000 - $999,999 0.02 0.02 $1,000,000 and over 0.02 0.02 Business Interest Checking Rate % APY % Less than $50,000 0.01 0.01 $50,000 - $99,999 0.01 0.01 $100,000 and over 0.01 0.01 |