Monday, December 28, 2009

High Yield Bank Cds Bank Of America High Yield CD Offer?? For Real?

Bank of America High Yield CD offer?? for real? - high yield bank cds

I only saw the online ads for the new 7-month CD with Bank of America ... at 4.11%, and I had a question about the wording. I on the site, there is an asterisk that says:

1 'The annual income (TRA) is just starting 7/23/2008. This promotional APY applies only for the duration of a new high-performance CD with a maturity of 7 months, the online bankofamerica.com open. We can use this promotional APY at any time without prior notice. The minimum balance required to a high-performance CD is open to $ 5,000. We can change the amount you can in one or more high power invest-CD for a total of $ 500,000. Equivalent conditions is not allowed "

What do you do for me is the line: "We can not change this promotional APY at any time without notice. Does this mean that if I open the CD now at 4.11%, which can change rates at 2.5 %, as in the 7 months I have with them? "I thought CDs were included in the rate you start with your account until maturity?

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