Rates for its standard CDs range from 0.05% APY for a one-month CD to 0.25% APY for a 60-month CD. There’s a $500 (maximum of $250,000) minimum deposit to open a standard CD. FEATURED PARTNER OFFER Although Bank of America’s Featured, Flexible and Standard Fixed Rate CDs provide the same yield regardless of deposit size, this may change in the future. Bank of America has set up their CD accounts in tiers based on deposit size. Below is the breakdown of their tiers for both Featured and Standard CDs. Featured CDs: Less than $10,000 This will give you an idea whether to go for a variable or a fixed rate. Now, it would be advisable to get a fixed rather than a variable rate on a short term certificate of deposit because of the risk that it may have low rates throughout your term and you will not have enough time to get them up. It is much safer to get a fixed rate because But in a rising-rate environment, a CD’s fixed rate has a downside: You miss out on newer CDs that have increasingly higher rates. For example, the national average rate for a one-year CD is CDs vs. Annuities: An Overview . A fixed-rate certificate of deposit (CD) is a low-risk investment instrument that has a set interest rate over its entire term. more. 9 months (Featured Terms) 4.50%: Learn about short-term vs. long-term CDs here. A fixed-rate certificate of deposit (CD) is a low-risk investment instrument that has a set interest rate
1 day ago · M1 High-Yield Savings Account: Up to 5.00% APY. Synchrony Bank High Yield Savings: 4.75% APY. SoFi Checking and Savings Account: Up to 4.60% APY. Citizens Access® Savings: 4.50% APY. See below to
