TD Bank CD Rates 2024 [6 Month, 1 Year & IRA CD Rates]

TD Bank CD Rates – TD Bank offers a variety of Certificate of Deposit (CD) options with competitive rates to help customers grow their savings securely over a fixed period. The rates for TD Bank CDs vary depending on factors such as the term length and the amount deposited. Typically, longer-term CDs tend to offer higher interest rates compared to shorter-term options.

TD Bank provides customers with the flexibility to choose CD terms ranging from a few months to several years, allowing them to select the option that best aligns with their financial goals and timeline. Additionally, Bank may offer promotional CD rates from time to time, providing customers with opportunities to earn even higher returns on their savings.

TD Bank CD Rates 2024

CD Type	Term Lengths (Examples)	Rate Range (Approx.)
Standard CD	3 months – 5 years	1.00% – 3.00% APY
Penalty-Free CD	6 months – 2 years	0.50% – 2.00% APY
Step-Up CD	12 months – 24 months	1.50% – 5.00% APY

TD Bank 6 Month CD Rates

Standard rate: 1.00% APY
Relationship rate (with qualifying checking account): 5.00% APY

TD Bank 1 Year CD Rates

TD Bank offers two options for 1 year CDs:

Standard Choice CD: This CD will earn an Annual Percentage Yield (APY) around 1.00%.
Relationship Choice CD with Bonus Rate: If you have a qualifying TD Bank checking account, you can qualify for a higher APY. The current relationship bonus rate for a 12-month Choice CD is likely higher than 1.00%, but the exact rate might be slightly different. It’s best to check with TD Bank directly to confirm the current relationship bonus rate for a 1 year CD.

TD Bank 5 Year CD Rates

Interest Rates: TD Bank offers competitive interest rates on their 5 Year CDs. These rates can vary based on location and account type.
Minimum Deposit: There is a minimum deposit required to open a 5 Year CD with TD Bank. This amount can vary but typically ranges from $250 to $1,000.
Interest Payment Frequency: Interest on TD Bank’s 5 Year CDs is typically compounded daily and paid monthly, quarterly, semi-annually, or annually, depending on the account type.
Early Withdrawal Penalty: If you need to withdraw your funds from a 5 Year CD before it matures, TD Bank will charge an early withdrawal penalty. The amount of this penalty can vary based on the amount withdrawn and the remaining term of the CD.
Renewal Options: At maturity, TD Bank’s 5 Year CDs automatically renew for another term. You have a grace period after maturity to make changes to the account without penalty.

TD Bank CD Rates Today

Standard Rates: 1.00% APY (approx.)
Relationship Bonus Rates (with qualifying checking account):
- 6-month CD: 5.00% APY
- Other terms (like 12-month or 18-month) may also have bonus rates, but they might be slightly different than 5.00% APY.

TD Bank IRA CD Rates

The Bank offers several IRA CD options with varying rates depending on the term length and whether you link an eligible checking account for a relationship bonus. In general, expect rates to range from around 1.00% to 5.00% APY. Some options include:

Standard IRA CDs: These function similarly to regular CDs, offering a fixed interest rate for a chosen term (like 6 months, 1 year, or 5 years). The base rate will likely be around 1.00% APY.
Relationship Bonus IRA CDs: By linking a qualifying checking account, you can unlock a higher interest rate on your IRA CD. For example, the current bonus rate for a 6-month CD might be 5.00% APY, significantly higher than the standard rate.
Step-Rate IRA CDs: These offer a twist on traditional CDs. The interest rate increases gradually each year throughout the term (often 3 or 5 years). This allows you to potentially benefit from rising interest rates while still locking in a guaranteed return. Additionally, some Step-Rate IRA CDs allow for one penalty-free withdrawal during a specific window each year.

TD Bank CD Rates New Jersey

Interest Payment Frequency: TD Bank typically compounds interest daily and credits it to your account monthly, which can help your savings grow faster.
Minimum Deposit Requirements: To open a CD with TD Bank, you usually need to make a minimum deposit, which can vary based on the type of CD and the term length.
Early Withdrawal Penalties: If you need to withdraw funds from your CD before it matures, TD Bank may charge an early withdrawal penalty, which can vary based on the term of the CD.
Automatic Renewal: At maturity, TD Bank CDs typically automatically renew for the same term, but you have a grace period during which you can make changes or withdraw funds without penalty.
Online and Mobile Banking: TD Bank offers convenient online and mobile banking services, allowing you to manage your CD account from anywhere.
FDIC Insured: Like all CDs offered by banks in the U.S., TD Bank CDs are FDIC insured up to the maximum allowed by law, which provides a level of security for your investment.

Q: What is the current CD rate at TD Bank?

A: TD Bank CD rates range from 1.00% to 5.00% APY depending on term length and if you qualify for a relationship bonus.