MY Bank of America CD Account says Interest Rate is 2.10%? Is this monthly?
MY Bank of America CD Account says Interest Rate is 2.07%? Is this monthly
Or yearly? It says ANNUAL PERCENTAGE YIELD: 2.10%
I’ve ~15,000 and need to save for tuition. But it’s in a 7 month CD that matures in Sep. 09!
I need money by June. What happens if I take $5,000 out 3 month before CD finishes?
it’s yearly…most bank CDs compound the interest daily based on the APY. The interest accrued is paid when the CD matures. Unless the CD is in a special product that would allow an early withdrawal, there is almost always a penalty for breaking a CD. Check with B of A