While thereâve been a lot of technological advances in construction in the last 70 years, many people still make use of Quonset huts today. They are generally some of the cheapest metal structures around. Most people utilize these arch frame structures for their low initial cost and high security.
Annual Percentage Yield (APY) is accurate as of 01/16/2018 and applies to the initial term of a new Standard Term CD. CD has a XXXX-month term. We may change the interest rate and APY at any time without prior notice. The minimum balance required to open this CD is . We may limit the amount you deposit in one or more CDs to a total of $1,000,000 ($250,000 for CDs opened through bankofamerica.com). A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account.
CD rates are pretty low these days. A five-year CD is paying less than 2%, according to the national average reported by Bankrate.com. In a year, you might earn roughly $500 in interest income on the CD. Your interest income is taxed at your marginal tax rate. This is the rate of the highest tax bracket you fall into. So, if youâre in the 35% tax bracket, your interest income will be taxed at 35%. That means that youâre looking at a tax bill of about $175 on the interest income.