Bank of America Savings Rates
March 6, 2008
Bank of America has dropped their rates along with the rest of the banking industry.
Their Risk Free CD offers a fairly low rate of 2.75% APY and a 9 month term. However, this CD allows you to withdraw funds prior to maturity without a penalty, which makes it similar to a high yield savings account.
The Bank of America regular savings account yields a pitiful .20% APY compared to Washington Mutual’s 4.00% APY or E*Trade Financial’s 4.10% APY.
