What Types of CDs Does TD Bank Offer?


Quick Answer

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.

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Full Answer

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.

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