Bank of America

Bank of America

Phone: 1.888.550.6433 (U.S.) 1.401.865.7948 (International)
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Risk Free CD®

Description
Get the return of a CD, and the flexibility similar to a savings account with a Bank of America Risk Free CD®.

The Bank of America Risk Free CD® gives you the ability to access funds prior to the maturity date without penalties Footnote 1

A minimum deposit of $5,000 and a short nine month term

The Risk Free CD® gives you a rate you would typically expect from a CD

Invest up to $1,000,000 in one or more Risk Free CDs®

For CD account terms that are 7-27 days, there is a 1 calendar day grace period

For CD account terms that are 28 or more days, there is a 7 calendar day grace period

Please note that a deposit, withdrawal, or term change can be made only once during the grace period.
Benefit
Get the return of a CD, and the flexibility similar to a savings account.

Access funds prior to the maturity date without incurring any penalties Footnote 1
Interest Rate
0.30%

The interest rate that was quoted on the day you applied is the rate that is applied to your CD. You will begin to accrue interest on the day the account is processed, not the day you apply.
Initial Deposit
The minimum opening balance for the Risk Free CD® is $5,000
Maturity Period
A written Maturity/Soon to Mature notice is sent at least 20 days in advance for CD terms of 32 or more days.
Featured
Yes

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