Friend Here I am Providing Bank of America Fixed Deposit Interest Rates Features of Fixed Deposit Account :


The main purpose of fixed deposit account is to enable the individuals to earn a higher rate of interest on their surplus funds (extra money).

The amount can be deposited only once. For further such deposits, separate accounts need to be opened.

The depositor is given a fixed deposit receipt, which depositor has to produce at the time of maturity. The deposit can be renewed for a further period.

As per the Traditional scheme, the interest on the FD account is credited to the
Savings account specified by the depositor on a monthly basis or on a quarterly basis. For the Reinvestment scheme, the interest is compounded to the principal amount on a quarterly basis.

Tax is deducted at source, from the interest on Fixed Deposits, as applicable, as per the Income Tax Act, 1961.

Fixed Deposit Interest Rates ;

CD up to: 0.15% Apr, 2016
Savings Accounts up to: 0.03% Apr, 2016
Loans from: 2.49% Apr, 2016
Home Loans from: 3.00% Apr, 2016
Credit Cards from: 11.24% Apr, 2016