Website: http://www.bankofamerica.com

Authority: Bank of America (BOA/BofA) is a chartered national bank with deposits that are FDIC insured. It has origins back from 1904 and is listed on the New York Stock Exchange. It has a major presence in many states and has the largest ATM network in the country including more than 5,800 banking centers.

How to open a Bank of America Certificate of Deposit:

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

- You can 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 required provide to open a US Bank of America CD Account:

- This may include a social security number, debit or account number, a home address, email, banking ID and password.

Information to consider when opening Bank of America 3 Month CD Rates:

Considered a short term investment or savings product, a three month or 90 day CD provides a higher rate of return compared to a liquid savings account but is illiquid until maturity. When determining the interest rate to set for this product, Bank of America is influenced like other banks by the monetary policy of the Federal Reserve (independent central bank of the United States). The 'Fed' who sets the 'fed funds rate' and provides economic forecasts on inflation can influence significantly whether Bank of America raises, lowers or leaves unchanged its certificates of deposit. For three month Bank of America CDs, it would consider the current policy decisions of federal reserve as well as its net interest margins on deposits, BofA liquidity (deposits are a cash flow source of funding to fund activities and provides liquidity), regulations, competition and loan to deposit ratio profiles.

The current 3 Month interest rate below is for the Standard CD/IRA Product and was calculated for the State of California.