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| For all products listed on this page the Annual Percentage Yield (APY) is accurate as of 05/16/12. |
| Certain retirement accounts, including Roth and Traditional IRAs, are insured by the FDIC up to $250,000 per depositor. These accounts are insured separately from non-retirement deposits you may have with Bank of America, N.A. |
| There is a single, 5-year holding period when determining whether earnings can be withdrawn federally tax-free as part of a qualified distribution from a Roth IRA. This period begins January 1 of the year of the first contribution to any Roth IRA account. |
| You may contribute simultaneously to a Traditional IRA and a Roth IRA (subject to eligibility) as long as the total contributed to all IRAs (Traditional and Roth) equals no more than $5,000 for each of tax years 2011 and 2012 ($6,000 for each of tax years 2011 and 2012 if you are age 50 or older). |
| Footnote 1 Bank of America charges no annual IRA custodial fee, however, fees and expenses are subject to change. Please note that other fees and expenses may apply, including early withdrawal penalties and trustee transfer fees. See your Personal Schedule of Fees for more information about Bank of America's fees. |
| Footnote 2 This is a promotional rate that applies to Featured CD IRAs with a 12-month term opened online through bankofamerica.com. This promotional rate applies only to the initial IRA CD term. Automatically renews to another Featured CD IRA, or, if we no longer offer the same term, to a standard 12-month IRA. We may change the promotional rate at any time without prior notice. The minimum balance required to open a Featured CD IRA is $2,000. There is a penalty for early withdrawals. Additional restrictions may apply. Fees may reduce earnings. |
| Footnote 3 This APY applies only to the initial term of a new Risk Free CD with a 9-month term that is opened online through bankofamerica.com. This rate applies only to the initial IRA CD term. Automatically renews to another Risk Free CD IRA, or, if we no longer offer the same term, to a standard 9-month IRA. We may change the promotional rate at any time without prior notice. The minimum balance required to open a Risk Free IRA CD is $2,000. Alternative terms not allowed. Additional terms and restrictions apply. |
| For a Risk Free CD®, we waive the early withdrawal penalty after the first six days of the account term (or the first six days following any partial withdrawal). We may limit the amount that each customer may invest in one or more Risk Free CD IRAs to a total of $1,000,000. |
| Please note: Any withdrawals or transfers to a non-IRA account before the age of 59 ½ may still be subject to an IRS early withdrawal penalty. |
| Footnote 4 After your Fixed Term IRA CD is opened, the interest rate is fixed for the term. Withdrawals from IRAs before age 59½ may be subject to a 10% federal additional tax and possible state tax. In addition, withdrawals from Fixed-Term IRAs before the maturity date may also be subject to a bank early withdrawal penalty. Fees could reduce earnings on the account. |
| Footnote 5 These rates may change at any time after the account is opened without prior notice. Withdrawals from IRAs before age 59½ may be subject to a 10% federal additional tax and possible state tax. In addition, withdrawals from Variable Rate IRAs before the maturity date may also be subject to a bank early withdrawal penalty. Fees could reduce earnings on the account. |
| Footnote 6 The interest rate is variable and may change at any time after the account is opened. Fees may reduce earnings. Federal regulations limit certain transactions from Money Market IRAs. No more than 6 preauthorized or telephone/PC withdrawals and transfers are allowed each monthly statement cycle. |
