While looking at TD Bank rates and offers, we here at Bank Rates Info had to look at TD CD rates, of course.  TD Bank rates differ by branch, so TD BankNorth is not the same as TD Bank or TD Ameritrade.  Only TD Bank, which we’re reviewing here, is FDIC insured as a bank in the USA.

TD Bank CD rates vary by term, but accounts require only $500 to open and start at 3 months.  CD rates at TD Bank are 1.0% annual percentage yield (APY) for a three month term while six months nets a solid 2.0% APY (as incentive).  Up to 13 months pays only 1.5% to 1.75% while 13 months pays out an APY of 2.25%.

Sixteen and 18 month terms have TD CD rates of 1.75% and two years gives 2.0% APY.  TD Bank CD rates go up to 3.5% on a five year term.  The rates bounce considerably from one term to the next on the tier due to TD CD rates being optimized for specific investor types and the bank’s own goals.

Like most banks right now, TD Bank rates are fluctuating to keep up with the market as well as give incentive for new cash influxes from customers.  This means that many TD CD rates are rising in specific term lengths according to market demand.  Expect these special promotional rates for six and thirteen month terms to change quickly.

As with all TD Bank CD rates, make sure you look to see the latest information before you lock in.  For the short term investor, we think that TD Bank rates are definitely worth looking at.

This entry was posted on Wednesday, March 11th, 2009 at 7:33 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.