Website: http://www.bankofamerica.com

Authority: Bank of America is a major US chartered national bank with its deposits FDIC insured. It has a large presence across the United States with a presence of 6104 branches in 36 states according to the FDIC website in 2011. Its historical ties are from 1904 and has one of the largest ATM networks in the country. 

How to open a Bank of America Certificate of Deposit:

- You can apply directly online at the bank website: http://www.bankofamerica.com

- You may also visit a physical Bank of America branch by searching by their website address, zip code, city or state for nearest locations.

What information you may require to open a US Bank of America Certificate of Deposit:

- This may include but not limited to a social security number, debit or account number, a home address, email, banking ID and password ....

Information to consider when opening Bank of America 10 Year CD Rates:

Unlike, 1, 3, 6 and 12 month which are short term CD products, a 10 year cd rate is considered a long term fixed income investment product. Like other financial institutions, Bank of America CD Rates are influenced by few factors to consider when they set the rate for this 10 Year CD including future potential policy decisions and forecasts set by the Federal Reserve (US central bank) that determine the fed funds rate. For this long dated product, monetary policy considerations from the FED and the state of the economy (including inflation) are highly important inputs that are forecasted by Bank of America in its financial models to calculate this rate. 

The rate below applies for a 10 Year term and  is for the Standard CD/IRA Product which was calculated for the State of California.