TD Bank offers convenient banking services and they provide a wide range of financial products to the customers who are located across the country. It is one of the few banks which are rated AAA in America. TD Bank CD rates are competitive and preferred by many customers. So, in this article we will review the TD Bank rates on their certificate of deposits.

For basic CDs, the TD bank certificate of deposit rates for a period of 9 months are 065% APY. There is no monthly maintenance fee and minimum balance required to enjoy this APY is $250. This is also available as an IRA.

Next is No Catch CDs, where TD bank CD rates are 0.45% APY for a period of 6 months and 0.40% APY for 12 months. Minimum balance is $250 and there is no maintenance fee. A minimum of one penalty-free withdrawal is allowed per term.

Another product is Step rate CDs where interest rates increases over time. The minimum balance is $250, there is no maintenance fee and a minimum of one withdrawal is allowed till 1 year of the deposit. TD CD rates under this scheme are 1.08% APY for 3 years and step rates under this scheme are .90% for 1 year, 1.09% for 2 and 1.24% for 3 years respectively. For a period of 5 years, the TD certificate of deposit rates under this scheme are 1.80% APY and step rates are .75% for 1 year, 1% for 2 years, 1.74 for 3 years, 2.23% for 4 years and 3.20% for 5 years respectively.

The last kind of CD is the IRA Add -Vantage CD where interest rate is 0.45% for 12 months. No maintenance fee is charged and the minimum balance should be $250. In this scheme, an incremental deposit of $500 could be added at any time during the term.

This entry was posted on Tuesday, August 24th, 2010 at 7:44 pm and is filed under TD Bank 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.