Bank of America’s CD Rates aren’t necessarily the best rates available, but in light of the recent credit worries, you might feel safer putting your money in a large and reputable bank such as Bank of America or Wells Fargo.

Bank of America is currently offering a 4 month high yield CD with a 5.1% APY. They also have a risk free CD with a 4.85% APY return and a 11 month term. Both certificate of deposits require a $5,000 minimum balance.

It has taken some time, but Bank of America and other brick and mortar banks such as Wells Fargo and Washington Mutual are finally starting to raise their rates to levels that are competitive with other online banks.