Bank of America is offering one of the best CD rates for 7 month CD, this promotional CD rate is currently 3.68% with an APY of 3.75%.  The rate is only available online at bankofamerica.com and is only for the initial term of a new CD. The minimum deposit to open a High Yield CD is $5,000 and B of A might limit the amount you can invest to $500,000.

You will need the following information to open a CD account.

• Social Security Number
• Credit card, debit card, or bank account number
• Current email address
• Online Banking ID and passcode (if applicable)
• Co-applicant’s personal information (if applicable – Social Security number, home address, and email address)

Be sure to use promotional offer code HYCD

Bank of America 7 month CD Application