TD Bank CD Rates: July 2024

TD Bank CD Rates

TD Bank offers three different types of certificates of deposit (CDs)—a standard CD, a penalty-free CD, and a step-up CD—with a wide range of terms and rates. If you're an existing TD Bank checking customer, you can enjoy a special relationship rate bump.

The bank currently offers its CDs in 15 states and the District of Columbia. As you shop around and compare your options, here's what to know about TD Bank CD rates.

TD Bank Choice CD

TD Bank Choice CD Overview: 3 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	3.00%	1.00%
$10,000–$49,999.99	3.00%	1.00%
$50,000–$99,999.99	3.00%	1.00%
$100,000+	3.00%	1.00%

TD Bank Choice CD Overview: 6 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	5.00%	1.00%
10,000–$49,999.99	5.00%	1.00%
$50,000–$99,999.99	5.00%	1.00%
$100,000+	5.00%	1.00%

See the best CD rates today before choosing the CD that is best for you.

TD Bank Choice CD Overview: 9 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	4.00%	1.00%
$10,000–$49,999.99	4.00%	1.00%
$50,000–$99,999.99	4.00%	1.00%
$100,000+	4.00%	1.00%

TD Bank Choice CD Overview: 12 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	4.50%	1.00%
$10,000–$49,999.99	4.50%	1.00%
$50,000–$99,999.99	4.50%	1.00%
$100,000+	4.50%	1.00%

TD Bank Choice CD Overview: 18 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	4.00%	1.00%
$10,000–$49,999.99	4.00%	1.00%
$50,000–$99,999.99	4.00%	1.00%
$100,000+	4.00%	1.00%

TD Bank Choice CD Overview: 24 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	4.00%	1.00%
$10,000–$49,999.99	4.00%	1.00%
$50,000–$99,999.99	4.00%	1.00%
$100,000+	4.00%	1.00%

TD Bank Choice CD Overview: 36 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	3.51%	1.00%
$10,000–$49,999.99	3.51%	1.00%
$50,000–$99,999.99	3.51%	1.00%
$100,000+	3.51%	1.00%

TD Bank Choice CD Overview: 60 Month
Deposit Range	Bump Rate APY	Standard APY
$250–$9,999.99	2.50%	1.00%
$10,000–$49,999.99	2.50%	1.00%
$50,000–$99,999.99	2.50%	1.00%
$100,000+	2.50%	1.00%

If you have an eligible TD Bank personal checking account when you open your CD but you close it before the CD renews, you won't earn the bump rate again upon renewal.

No-Catch CD

TD Bank No-Catch CD Overview
Term Length	APY
6 months	0.05%
12 months	0.05%

Step Rate CD

TD Bank Step Rate CD Overview: 36 Month
Year	APY
Year 1	0.05%
Year 2	0.10%
Year 3	0.15%
Composite APY	0.10%

TD Bank Step Rate CD Overview: 60 Month
Year	APY
Year 1	0.05%
Year 2	0.10%
Year 3	0.15%
Year 4	0.20%
Year 5	0.25%
Composite APY	0.15%

TD Bank CDs: Key Features

Choice CD Key Features
APY Range	1.00%–5.00%
Minimum Balance	$250
Term Range	3–60 months
Early Withdrawal Penalty	90 days–1 year: 3 months' interest 1–2 years: 6 months' interest 2–3 years: 9 months' interest 3–4 years: 12 months' interest 4–5 years: 18 months' interest

No-Catch CD Key Features
APY Range	0.05%–0.05%
Minimum Balance	$250
Term Range	6–12 months
Early Withdrawal Penalty	90 days–1 year: 3 months' interest 1–2 years: 6 months' interest 2–3 years: 9 months' interest 3–4 years: 12 months' interest 4–5 years: 18 months' interest

Step Rate CD Key Features
APY Range	0.10%–0.15% (Composite APY)
Minimum Balance	$250
Term Range	3–5 years
Early Withdrawal Penalty	One penalty-free withdrawal per anniversary; standard withdrawal penalty otherwise: 90 days–1 year: 3 months' interest 1–2 years: 6 months' interest 2–3 years: 9 months' interest 3–4 years: 12 months' interest 4–5 years: 18 months' interest

Compare CD Account Rates

Do You Need a TD Bank Checking Account to Open a CD Account?

It's not required to have a TD Bank checking account to open one of the bank's CDs, but you do need a personal checking account to qualify for the highest APYs available with TD Bank’s Choice CD (to get the relationship bump rate). The checking account must be open and in good standing at the time you open or renew your TD Bank CD.

What Is the Minimum Deposit Required to Open a TD Bank CD Account?

TD Bank has a minimum deposit requirement of $250 on all of its CDs. However, the bank's Choice CD is a tiered CD, which means that you'll need to deposit more than the minimum to earn a higher rate.

Does TD Bank Have Early Withdrawal Penalties for CD Accounts?

Yes, the bank charges an early withdrawal penalty based on the term of your CD. Here's a quick breakdown of what to expect:

CD Term	Early Withdrawal Penalty
90 days–1 year	3 months' interest
1–2 years	6 months' interest
2–3 years	9 months' interest
3–4 years	12 months' interest
4–5 years	18 months' interest

If you open a TD Bank No-Catch CD, you can take one withdrawal during your CD's term without incurring a penalty. Additionally, the Step Rate CD allows one penalty-free withdrawal at each anniversary during your term.

What Is TD Bank’s Step Rate APY?

TD Bank's Step Rate CD offers an APY that increases each year at a guaranteed rate. The three-year and five-year Step Rate CDs have a different rate each year, along with a composite APY that shows the overall amount earned over the term.