3 Year Cd Rates Bank Of America

Certificates of deposit or cds are time deposits bought by an individual in order to earn an established rate of return within a fixed time period.

3 year cd rates bank of america.

3 year cd rates are usually higher than 2 year cd rates but lower than 4 year cd rates and are considered a mid to long term cd in terms of maturity period. You ll be able to access your money earlier but you ll earn a lower yield. 3 year cd rate vs. Featured cd rates are slightly higher than.

Bank of america cd rates. Bank of america cd rates. Arm interest rates and payments are subject to increase after the initial fixed rate period 5 years for a 5 1 arm 7 years for a 7 1 arm and 10. Estimated monthly payments shown include principal interest and if applicable any required mortgage insurance.

Annual percentage yield apy is accurate as of 10 05 2020 and applies to the initial term of a new featured cd. These cds require a minimum deposit of 1 000. The minimum balance required to open this cd is 1 000. Annual percentage yield apy is accurate as of 10 05 2020 and applies to the initial term of a new standard term cd.

The shortest term cd is the six month cd and the longest term cd is a five year cd. The bank also offers an online savings account which. Additionally you can choose a 6 month or 1 year cd instead of getting a 3 year cd. Mortgage rates valid as of 01 oct 2020 09 06 am cdt and assume borrower has excellent credit including a credit score of 740 or higher.

For example marcus by goldman sachs currently offers 1 percent apy on a 1 year cd. How bank of america cds rates compare to other banks. These cds all have a 2 500 minimum deposit requirement. Research some of the best rates offered by financial institutions.

Standard term cd rates are available online for terms of 28 days to 10 years.