In this blog, we will review the different products offered by TD bank along with the current interest rates offered for each product. Today, we will be looking into TD Bank CD rates and some of their features. The CDs offered by TD Bank have flexible terms, ranging from 91 days to 7 years to meet the needs of different kinds of customers. The minimum opening deposit is only $250 and these CD terms come with automatic renewal. Many of these CDs are also available as IRAs.

The current TD Bank certificate of deposit rates for a Basic CD is 0.70% APY for a term of 9 months. The TD certificate of deposit rates for a No Catch CD is 0.30% APY for a period of 6 months and 0.40% APY for a period of 12 months. TD Bank rates for a Step Rate CD is 1.63% for a period of 3 years. As the name implies, the step rate CDs have increasing rate of interest for every one year and based on this feature, the rate for the first year is 1.34%, second year is 1.49% and third year is 1.98% respectively. So, the average rate for this three year period is 1.63%. For a five year period, TD CD rates are 1.00% for the first year, 1.24% for the second year, 1.98% for the third year, 2.47% for the fourth year and 4.17% for the fifth year respectively. This gives the average rate for the 5-year CD as 2.20%. The IRA Add-Vantage CD has a rate of 0.60% for a period of 12 months. These rates are quite attractive and you can look into these CDs for investment.

This entry was posted on Sunday, April 11th, 2010 at 9:52 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.