Bank of America Offers 4.25% APY on Seven-Month Promotional CD
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最新报道：Bank of America is offering a 4.25% annual percentage yield (APY) on a one-month promotional certificate of deposit (CD) with a minimum deposit of $1,000. The limited-time offer, available until October 31, requires funds to be new to the bank and locked for the full term to earn the promotional rate. After the one-month period, the CD will automatically renew at the bank's standard rate unless customers opt out. This move comes as banks compete for deposits amid rising interest rates, with Bank of America aiming to attract short-term liquidity from customers seeking higher yields.
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