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.
In U.S., rates of CD yields have drastically declined since 1984, a time when they once exceeded 10% APY. In late 2007, just before the economy spiraled downward, they were at 4%. In comparison, the average one-year CD yield is just around 0.4% in 2017. Many factors have led to the sharp drops; due to world events and financial cycles, loan demand is no longer high while bank funds have grown.