Certificate of deposits are one of the best forms of investment if you are looking to earn a fairly good amount of interest for a fixed period of time. This is the reason most banks offer this form of investment for their customers and TD Bank is no exception.

There are many convenient features that come with the CDs at TD Bank and this is one of the reasons for its popularity. The terms are flexible and range from 91 days to seven years to meet the demands of different kinds of customers. The CD renews automatically unless you intervene within the grace period and withdraw the money from the CD. Many of the CD options are also available as IRAs. The minimum amount required to open an account is $250. There are three kinds of CDs and they are the basic CD, no catch CD and the step rate CD.

The current TD Bank CD rates are 0.40% for a period of 11 months for a basic CD. The TD Bank certificate of deposit rates are 0.30% APY for a term of six months and 0.20% APY for a term of 12 months respectively for a No-Catch CD. In the case of Step Rate CDs, the TD certificate of deposit rates are 0.55% for a term of three years. The TD CD rates for a term of five years for the step rate CD option is 1.03% APY.

These convenient features and the competitive TD Bank rates make it an attractive form of investment for anyone who is looking to earn interest on a sum of money that they can set aside for the given period of time.

This entry was posted on Wednesday, December 21st, 2011 at 3:29 am 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.