Bank of America is offering a “Risk Free” certificate of deposit (CD) that currently pays a 2.80% APY, the risk free CD allows you to withdrawl your money without paying penalites after the first six days. The minimum opening balance is $5,000 and you might be limited to a maximum of $500,000.

The 2.80% APY is a promotional rate and only applies to the initial term of a new 9 month “Risk Free” CD with Bank of America. The CD is also FDIC insured to the maximum permitted by law.