Online banking trend continues with Bank of American offering a special online only 4 month maturity high yield CD of 5.10% APY. Here are some of the requirments and offerings in this high yield CD:
# $5,000 minimum to open
# Special online only CD rate – a locked 5.10 APY1
# Short 4-month term
# FDIC Insured
Aside from the 5.10% 4 Month CD, Bank of America is also offering a Risk Free CD Account Service of 4.85% with 9 month maturitty. They called it risk free because you can withdraw the fund from your CD before maturity date without a penality. Of course, with that special treatment you are experiencing a much lower rate and maturity period. The minimum to open is $5,000 and the max amount you can invest is $500,000. Remember that both of these dreals by Bank of America is online only and can only be open through the Bank of America website.