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Bank of America's Online 4-Month CD - Yield as High as 5.25% APY

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Bank of America
Bank of America is offering an online 4-month CD with a yield up to 5.25% APY. The minimum deposit is $5,000, and it must be opened online. The yield varies by state. Illinois has the highest rate of 5.25% APY. Most states have a yield of 5.10% APY. I've gone through over half of the states. Here's a summary:

5.25% APY at IL
5.15% APY at FL, NY, PA, NJ
5.10% APY at TX, CA, CO, IN, OH, VA, NC, GA, WI,
MI, MD, KS, KY, TN, MN, NE
5.05% APY at MO
5.00% APY at IA
4.95% APY at WA, AZ, MA, NV, OK

I last posted on this CD in September when rates were as high as 5.45% APY. Even though the rates have fallen, this CD has become more attractive as rates of other accounts have had larger drops. For example, Bank of America's special Money Market Savings Account had rates over 5.70% APY in September (see post). The top rate for this account now is only 4.55% APY.

Note, there's still an active Bank of America $100 checking account promotion.
  Tags: Illinois, CD rates, Bank of America

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Comments
5 comments.
Comment #1 by Benjamin Meyer (anonymous) posted on
Benjamin Meyer
Anyone know if you can close a BOA CD online or must you do it at an office?

1
Comment #2 by Anonymous posted on
Anonymous
These are ONLINE only rates. You have to fund from an existing BOA relationship.

1
Comment #3 by Anonymous posted on
Anonymous
Can you avoid a hard credit pull if you are an existing BOA customer?

1
Comment #4 by IP (anonymous) posted on
IP
Not anymore, BofA just dropped the rates to 4.85% for the majority of the states (didn't check the rest but the 5.10% tier became 4.85%) as of today.

1
Comment #5 by Anonymous posted on
Anonymous
5.10% APY online-only rate here:

http://www.bankofamerica.com/promos/jump/highyieldcd/?cm_mmc=DEP-Checking-_-GOOGLE-_-certificate%20of%20deposit-_-National_Upper_Funnel_General

1