Bank of America's 2% APY 12 Month High Yield CD

BofA is offering a 2% APY CD for most states in the U.S., you have to pony up a minimum of $5,000 but it happens to be one of the better high yield CDs out there right now.

Bank of America's deal from their site - Click to go to BofA CD Ad:

The Annual Percentage Yield (APY) is accurate as of 04/29/09. This promotional APY applies only to the initial term of a new High Yield CD with a/an 12-month term. We may change this promotional APY at any time without prior notice. The minimum balance required to open a High Yield CD is $5,000. We may limit the amount you may invest in one or more High Yield CDs to a total of $500,000.

To see if you can get the BofA CD - Click Here to Check your State on their website.

If it makes you feel any better, FDIC increased the amount of insurance it provides on eligible savings deposits from $100,000 to $250,000 per depositor through December 31, 2009. This means that consumer accounts — such as savings, CDs, and money market accounts — are insured for up to $250,000 through December 31, 2009.

If you aren't impressed by Citi's CD offer, check out our sponsors for the most current CD deals:

As usual the Masters are always on the hunt for CD bargains, and when we find one that is worth your attention, or is so bad we have to make fun of it, you can bet we are all over it.

Investing in High Yield CDs (Certificates of Deposit) may not sound that exciting, but knowing all your investment options is key to becoming a successful investor, and in this market, locking your money away for 3, 6, 9, or 12 Months can provide you peace of mind - Click Here to Review our CD Articles.

Happy Safe Investing.