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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. TD Bank offers a variety of terms on its certificates of deposit, a boon for consumers looking to build a . The interest rates vary slightly depending on what type of CD you choose, but even its top offering pales in comparison to the . TD Bank’s CD rates are below . TD Bank has a tiered-rate structure for its CDs, but rates are currently the same regardless of the amount deposited. The bank’s highest CD rates are part of a step-rate program that raises the rate each year. earned a 3.5 out of 5 in Bankrate’s overall rating of the bank, and its CDs earned 3 out of 5 stars. TD Bank CD rates
TD Bank offers standard Choice Promotional CDs, Choice Promotional CDs with a bump rate, Step Rate CDs and TD No-Catch CDs. Each comes with a range of term options. TD Bank’s CDs may not be available in all markets. Here’s a look at TD Bank’s CD rates: These are the rates for TD Bank s Choice Promotional CDs
Account Term Standard rate Relationship Bump Rate Minimum deposit to earn APY TD Choice Promotional CD 3 months 0.05% 0.05% $250 TD Choice Promotional CD 6 months 0.05% 0.05% $250 TD Choice Promotional CD 9 months 0.05% 0.05% $250 TD Choice Promotional CD 1 year 0.05% 0.05% $250 TD Choice Promotional CD 18 months 0.05% 0.05% $250 TD Choice Promotional CD 2 years 0.05% 0.05% $250 TD Choice Promotional CD 3 years 0.05% 0.05% $250 TD Choice Promotional CD 5 years 0.05% 0.05% $250 TD Bank’s bump rates are for customers who have an eligible TD checking account. TD Bank also offers a Step Rate CD. The account starts out paying the same APY as Choice CDs but increases 5 basis points each year for the length of the CD term. (Five basis points equal 0.05 percent.) Two term options are offered: three and five years. Step Rate CDs also allow customers to make one penalty-free withdrawal within 10 calendar days of the anniversary date of opening the account. These are the composite yields for Step Rate CDs at TD Bank
Account Year Composite APY Minimum opening deposit TD Step Rate CD 3 years 0.10% $250 TD Step Rate CD 5 years 0.15% $250 Note: Annual percentage yields (APYs) shown are as of June 20, 2022, and may vary by region for some products. How TD Bank CD rates compare to top-yielding banks
Some of TD Bank’s CDs might be worth considering if you live near a TD Bank store or have a checking account at TD Bank, but TD Bank’s CD rates fall well short of those offered by. Choosing a that’s insured by the Federal Deposit Insurance Corp. (FDIC) can be a way to get a higher APY and to keep your money safe in case of a . Just make sure your money is within FDIC limits and guidelines. Consider a bank that offers consistently higher rates, such as or Though there are other online banks that might offer higher APYs than Marcus and Ally. Other savings options at TD Bank
TD Bank offers a no-catch CD, which allows one penalty-free withdrawal per term. TD Bank also offers and a money market account. Both offer relatively uninspiring interest rates. SHARE: Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Brian Beers is the managing editor for the Wealth team at Bankrate. He oversees editorial coverage of banking, investing, the economy and all things money. Related Articles