Bank of America's rates are relatively low regardless of which type of CD you open, and the bank only compounds interest monthly rather than daily.
Rates are comparable or better than what other big brick-and-mortar banks pay, but you can find significantly higher rates at credit unions and online banks.Bank of America pays low rates on CDs compared to credit unions and online banks. But if you're looking for a brick-and-mortar bank with plenty of locations nationwide, then Bank of America is a worthwhile option.Unfortunately, Bank of America compounds interest monthly instead of daily.
Wonder if I really had a second account over there BankofAmerica
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