Bank Of America High Yield CD IRA

Bank of America has an online special currently for a high yielding CD IRA. It is available for both the traditional Roth IRA and Rollover IRA. It is a short term 7 month CD which is not a bad deal from a bank with solid rankings.

The minimum deposit for this account is $2000 and can only be done online. Obviously it is FDIC insured to the maximum amount of $250,000 and a maintenance free and custodial free charge.

This is a good way to secure retirement income, and with a solid bank. If you have a Bank of America account you can apply online directly or ask a banker for details on how to receive this special. While this is not one of the highest CD rates out there, it certainly is stable, and a good bet for the short term.