TD Bank offers a number of savings options to its customers, including a number of different bank CDs. TD Bank CDs cafeteria of offerings includes standard CDs, a penalty free withdrawal CD, step up CDs and IRA CDs.
The bank CDs have maturities that start at 91 days or three months and go up to 7 years. The minimum opening deposit amount for the standard CDs is $250.00. The standard CDs come with fairly competitive CD rates on a whole host of different CD terms.
The TD Bank No Catch CD is a CD that offers the option for a penalty free withdrawal. Account holders can make one penalty free withdrawal from the CD per term. There is no monthly maintenance fee with the account and the minimum opening deposit amount is $250.00.
With the TD Bank step up CD the interest rate increases over time at predetermined intervals. The account also allows for one penalty free withdrawal each year within 10 days after the account anniversary date. There is a $250.00 minimum deposit requirement needed to open this CD.
TD Bank is currently marketing an odd term CD with an 11 month maturity. The 11 month CD rate is 0.40%.
TD Bank is also promoting two no catch up CDs, one with a 6 month term and the other with a 12 month term. Both no catch up CDs have CD rates at 0.30%.
For the step up rate CDs, TD Bank is promoting two terms, a 3 year step up rate CD and a 5 year step up rate CD. The annual percentage yield on the 3 year step CD is 0.88% with a start rate at 0.60% followed by an increase to 0.85% in year two and another increase to 1.19% in year three.
The five year step up CD from TD Bank has an annual percentage yield of 1.27% which starts off at 0.80% and then increases to 0.95% for year two followed by an increase to 1.14% in the third years and again to 1.24% for the fourth year and then ends with the final year CD rate of 2.23%.
A sample of some standard bank CD rates offered by TD Bank includes:
TD Bank 91 day CD rate is 0.35%
6 month CD rate 0.30%
20 month CD rate 0.50%
3 year CD rate 0.90%
5 year CD rate 1.75%
All CD rates are current as of this publication date but are subject to change at any time. An early withdrawal penalty may apply to the CD accounts listed.
TD Bank is the 10th largest bank in the nation. The bank operates bank branches in 15 states and the District of Columbia. TD Bank not only offers a broad assortment of bank CDs but also offers a broad array of retail deposit and loans accounts, small business accounts and services as well as commercial banking products.
TD Bank operates in 15 states and the District of Columbia. TD Bank is the 11th largest U.S. bank measured by total assets. The bank offers a number of competitive CD rates that compete with the top US banks in the regions in which TD Bank operates.
TD Bank CDs can be opened over the phone or at any one of the TD Bank branch locations. The TD Bank CD rates are geographic dependent and may vary based on the residence of the account holder. Currently, TD Bank is offering some promotional CD rates that include traditional CD products as well as nontraditional CD products.
The TD Bank standard CDs have are fixed rate and fixed term bank CDs that are available with wide assortment of CD interest rates and terms and maturities. The bank also offers a No Catch CD that is similar to liquid CD or no penalty CD. This bank CD is similar to a traditional CD with a fixed rate and term but also offers the flexibility of making one penalty-free withdrawal per term.
TD Bank CD offerings include a step rate CD. The step rate CD is similar to a step up CD in which the CD interest rate will increase at predetermined intervals offer time. With TD Bank step rate CD the account holder also has the option to make a full or partial withdrawal from the CD account on each anniversary date.
TD Bank also offers IRA CDs with competitive IRA CD rates. TD Bank puts a twist on the traditional IRA CD with their add-vantage CD. Per TD Bank marketing information, this bank IRA CD presents a arranged approach to save for retirement by allowing the account holder to spread their IRA contributions over the course of the year.
The following TD Bank CD rates are for the Connecticut area.
The TD Bank basic CD has a rate of 0.70 percent for an 11 month term. There is a $250.00 minimum deposit for this CD.
The No Catch CD has a CD rate of 0.40 percent for a 6 month term and 0.35% interest rate for a one year term. This bank CD also has a minimum deposit requirement of $250.00.
The TD Bank step rate CD has either a 3 year term or 5 year term. The 3 year term CD has an effective rate of 0.85% which starts at 0.60% and then increases to 0.75% for the second year and ends with an interest rate of 1.19% for the third year.
The five year step rate CD starts with a CD interest rate of 0.80%, increases to 0.95% for the second year, increases again to 1.14% for the third year, another rate increase to 1.24% for the fourth year and a final rate increase to 2.23% for the final year.
The IRA Add-Vantage CD form the bank has a one year term and a CD rate of 0.40%. The minimum deposit for this IRA CD account is $250.00.
All CD interest rates are current as of this publication date but are subject to change at any time without notice.
TD Bank offers CDs along with a full range of other financial products and services.
In addition to the CD rates listed for Connecticut, consumers can also find TD Bank CD rates for Washington DC, TD Bank CD rates in Delaware, TD Bank CD rates Florida, TD Bank CD rates Massachusetts, TD Bank CD rates Maryland, TD Bank CD rates Maine, TD Bank CD rates New Hampshire, TD Bank CD rates New Jersey, TD Bank CD rates New York, TD Bank CD rates Pennsylvania, TD Bank CD rates Rhode Island, TD Bank CD rates Virginia and TD Bank CD rates Vermont.
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.