TD Bank CD Rates Florida May 2010

TD Bank offers several different certificates of deposit.  The bank often markets different CD rates at different geographic locations.  The following TD Bank CD rates are for the state of Florida. 

TD Bank CD rates and terms currently being marketed by the bank include the bank’s basic CD, a penalty free withdrawal CD, bank IRA CDs and step up CDs.

The TD Bank basic CD requires a $250.00 minimum deposit to open and maintain the account as well as to obtain the current posted CD rate.  There is no monthly fee with this bank account.  The current CD rates and terms marketed in Florida for the basic CD include:

9 month Florida CD rate of 0.65%

The TD Bank step up CD will have interest rate increases built in over time.  The bank CD rates have a preset rate increase on predetermined intervals during the term of the certificate.  These bank CDs also allow the account holder the option to make one penalty-free withdrawal each year within 10 days after the account anniversary date.  The TD Bank step up CD requires a $250.00 minimum deposit to open the account and obtain the posted interest rates. 

TD Bank is currently promoting a 3 year term and 5 year term step up CD in FL.  The rates and terms for these Florida CDs involve rate changes and the annual percentage yield ( APY ) posted below is a composite APY:

3 year step up CD rate is 1.58%
5 year step up CD rate is 2.20%

The three year step up CD in Florida starts with an interest rate of 1.00% for the first year and rises to 1.49% during the second year and then hits 2.23% on the third year.

The five year step up bank CD starts with an interest rate of 1.00% for the first year, rises to 1.24% during the second year, advances to 1.98% on the third year, goes to 2.47% on the fourth year and the caps out at 4.17%.

The TD Bank CDs with a no catch option give the account holder the option of one penalty-free withdrawal per term.  These TD Bank CDs also have a $250.00 minimum deposit to open and obtain the current CD rate.  The current Florida CD rates from TD Bank for these CDs include the following:

6 month CD rate is 0.30%
9 month CD interest rate is 0.40%

TD Bank also markets a bank IRA CD called the IRA Add Vantage CD.  This certificate of deposit requires a $250.00 deposit to open the account and allows the account holder the option to make additional, incremental deposits of $500.00 or more at any time during the term of the certificate.

The current CD rate in Florida for this CD on a 1 year term is 0.60%.

These posted CD rates are accurate as of 05/07/10 and assumes that interest and principle will remain on deposit until maturity.  The CD interest rates are subject to change without notice at the discretion of TD Bank. 

For current TD Bank CD rates or to obtain additional account information, a bank representative can be reached at 888-751-9000.

Tags: 6 month CD rate, bank CD rates, bank IRA CDs, CD rates, certificates of deposit, Florida CD Rates, TD Bank CD, TD Bank CD rates

This entry was posted on Friday, May 7th, 2010 at 9:46 am and is filed under TD CD Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.