Bank of America Has Got The Highest APY On The Block These Days

It’s time again to cross our fingers as we scour the banks for the highest APY on those short term CD’s. When we last huddled up around the checkbook for some banking talk regarding high yield CD rates, Countrywide was leading the pack with the Highest APY for those 6 month CD’s. Well, Countrywide ain’t got **** on the rates this go round! In fact, Country Wide is sitting below the top rankings with a (stingy) 3.30% APY on their 6 month CD’s. Bank of America, however, is giving graciously at the moment with a 4.11% APY on their 7 month term certificates of deposit.

Not too many points off from the 4.30% annual percentage rate that was floating around about 6 months ago but, still, not as pretty as things once were. Nevertheless, BoA is paying the most these days (when you invest a minimum of $5K) with H&R Block lagging somewhat closely behind offering 3.75% on a minimum of $10K for their 6 month CD (or as their creative messaging now reads, 180 day CD). For now, I’ll leave the math to you; keep stacking and stay tuned to Scott Schroeder for more high yield CD coverage as well as ways to stay ahead while bank rates continue to plummet.