BofA also has no risk 9 month CDs with a lower annual percentage yield of 1.75%. There is a penalty for early withdrawal after the first 6 days of opening this CD account but it’s waived if the money is reinvested into another Bank of America deposit account. These certificates of deposit earn a lower CD rate for a longer term since there is some degree of protection against withdrawal before CD maturity.

B of A has a large presence in the United States with 4955 places to access money (ATMs and local bank branches) in California alone.