TD Bank CD rates

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TD Financial institution gives a wide range of phrases on its certificates of deposit, a boon for shoppers seeking to construct a CD ladder. The rates of interest range considerably relying on what kind of CD you select.

Whereas a few of its CD choices are aggressive, there are greater charges out there with some on-line banks. A few of TD Financial institution’s promotional bump price choices are effectively above Bankrate’s nationwide common, however charges on its normal CDs fall brief.

TD Financial institution has a tiered-rate construction for its CDs, so that you’ll earn greater yields the extra you deposit. However that is solely the case for phrases of lower than two years.

TD Financial institution earned a 3.7 out of 5 in Bankrate’s total score of the financial institution, and its CDs earned 3.6 out of 5 stars.

TD Financial institution CD charges

TD Financial institution gives normal Selection Promotional CDs, Selection Promotional CDs with a bump price, Step Fee CDs and TD No-Catch CDs. Every comes with a variety of time period choices. TD Financial institution’s CDs might not be out there in all markets.

Right here’s a take a look at TD Financial institution’s CD charges:

These are the charges for TD Financial institution’s Selection Promotional CDs.

Account Time period Relationship Bump Fee Minimal deposit to earn APY
TD Selection Promotional CD 3 months 3.00% APY $250
TD Selection Promotional CD 6 months 5.00% APY $250
TD Selection Promotional CD 9 months 4.00% APY $250
TD Selection Promotional CD 1 12 months 5.00% APY $250
TD Selection Promotional CD 18 months 4.50% APY $250
TD Selection Promotional CD 2 years 4.00% APY $250
TD Selection Promotional CD 3 years 3.51% APY $250
TD Selection Promotional CD 5 years 2.50% APY $250
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TD Financial institution’s bump charges are for patrons who’ve an eligible checking account at TD Financial institution.

TD Financial institution additionally gives a Step Fee CD. The account begins out paying the identical APY as Selection CDs however will increase 5 foundation factors (0.05 %) annually for the size of the CD time period. Two time period choices are supplied: three and 5 years. Step Fee CDs additionally permit prospects to make one penalty-free withdrawal inside 10 calendar days of the anniversary date of opening the account.

These are the composite yields for Step Fee CDs at TD Financial institution.

Account Time period Composite APY Minimal opening deposit
TD Step Fee CD 3 years 0.10% $250
TD Step Fee CD 5 years 0.15% $250

Word: Annual share yields (APYs) proven on this web page are as of Dec. 14, 2023, and should range by area for some merchandise.

How TD Financial institution CD charges examine to top-yielding banks

A few of TD Financial institution’s relationship CDs could be price contemplating for those who stay close to a TD Financial institution retailer or have a checking account at TD Financial institution, however TD Financial institution’s normal price CDs fall effectively wanting these supplied by on-line financial institution rivals.

Selecting a extremely rated on-line financial institution that’s insured by the Federal Deposit Insurance coverage Corp. (FDIC) is usually a strategy to get the next APY and to maintain your cash protected in case of a financial institution failure. Simply be sure that your cash is inside FDIC limits and pointers.

Think about a financial institution that provides constantly greater charges, resembling Marcus by Goldman Sachs or Capital One. Although there are different on-line banks that may supply even greater APYs nonetheless.

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Different financial savings choices at TD Financial institution

TD Financial institution gives a no-catch CD, which permits one penalty-free withdrawal per time period.

Account Time period APY Minimal opening deposit
TD No-Catch CD 6 months 0.05% $250
TD No-Catch CD 1 12 months 0.05% $250

TD Financial institution additionally gives financial savings accounts. TD Financial institution’s normal financial savings APYs supply comparatively uninspiring rates of interest. However the bump price with the TD Signature Financial savings account can supply a aggressive yield with a big stability.

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