BAC Time Deposit

An interest bearing account (certificate of deposit) that gives the opportunity to earn a comptetitive interest rate for a fixed term and a fixed rate of return. Various maturities and rates available.

 
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Features

This account offers a guaranteed competitive interest rate for a fixed period of time.

  • Minimum $5,000 to open
  • Interest rate is fixed for the time of the Time Deposit.
  • Interes is compounded daily.
  • Interest may be received in the form of a check, transfer to a transactional account or re-deposited to the time deposit at renewal.
  • Deposits are allowed only at maturity and during the grace period.
  • Internet banking only if combined with a checking account.
  • FDIC insured to the maximum allowed by law. Maximize your coverage
  • Automatic renewal at maturity. If you make an early withdrawal, you will pay a penalty.

    • Other Products and Services

    Checking Account

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    Savings Account

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    Helpful Information

    Combine Balances and avoid monthly fees

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    DISCLOSURE

    IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.