What Types of CDs Does TD Bank Offer?

What Types of CDs Does TD Bank Offer?

TD Bank offers Basic CDs, TD Bank No Catch CDs, Step Rate CDs and IRA Add-Vantage CDs, according to TDBank.com. CDs are available for TD Bank account holders via phone or in person at her local TD Bank.

All TD Bank CDs require a $250 minimum deposit, states TDBank.com. Available terms for a Basic CD last anywhere from 91 days to 7 years, and the annual percentage yield, or APY, increases with an increase in term length. A TD Bank No Catch CD offers lower APY than a Basic CD, but allows one penalty-free withdrawal from the account each term.

With a Step Rate CD, the APY increases each year of the three- or five-year term, according to TDBank.com. An IRA Add-Vantage CD allows periodic deposits of $500 or more, and the term lasts for one year with a 0.25 percent APY.