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Bank of America High Yield CD IRA at 2.85%APY
Bank of America is offering a short-term 12 month high yield CD IRA at a rate of 2.85%APY. A special online rate offer by the bank, it’s one of the best IRA CD rate so far with a guaranteed return of a CD yet with the tax advantages of an IRA.This high yield CD IRA is available in Roth, Traditional and Rollover IRAs with only $2,000 minimum opening balance. It’s also a no fee IRA. Meaning annual custodial and maintenance fees are waived.
You don’t have to worry about missing the renewal period of your investment as your account will automatically renew into a new CD with the same term upon maturity. Also, if you wish to open your account in one of Bank of America’s banking centers, note that the promotional rate is offered only online. As a result, the rate you will get in the banking centers might not be the same as the rate offered online.
Update 10/2/2009:
Bank of America High Yield CD IRA APY is down. As of October 2, 2009, the APY stands at 1.85% for residents of the District of Columbia. APY varies by state.
Update 10/24/2009:
Bank of America’s High Yield CD IRA is down to 1.70%APY. This IRA CD rate applies to residents of Connecticut. Note that APY varies by state.
Update January 1, 2010:
Bank of America’s High Yield CD IRA, accurate as of January 1, 2010, is 1.35%APY. It is 0.35%APY down since our last update in October 2009.
Update February 18, 2010:
Bank of America High Yield CD IRA is 1.06%APY. It’s down by 0.29%APY from it’s previous 1.35%APY.
Visit Bank of America to view its latest High Yield CD IRA rate.
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Published on April 12, 2009 · Filed under: IRA CD Rate;
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