
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
TD Bank offers multiple CDs with low minimum deposits of $250. But watch out for low APYs that sink further unless you have a TD checking account.
0.05%
1-year APY
Minimum deposit to open | $250 |
---|---|
Interest compounding | Monthly |
3-month APY | 0.05% |
6-month APY | 0.05% |
1-year APY | 0.05% |
Early withdrawal penalty | 90 days interest for terms of 3 to 12 months 180 days interest for terms of 13 to 24 months 270 days interest for terms of 25 to 36 months 360 days interest for terms of 37 to 48 months |
Review by
Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.
TD Bank offers low minimum deposits and a variety of CDs. However, you must have a TD Bank checking account to get the highest rates — and even then, the promotional rates expire after the initial term, and you’ll find higher yields elsewhere.
To open a CD with TD Bank, check that you meet the following requirements:
Have the following information ready when completing your application:
You can fund your CD in three ways:
You have the option of opening up a TD Bank CD at a branch or online. Other advantages include:
Like other banks, TD Bank will renew your CD 10 days after the maturity date unless you withdraw your funds. Here are a few other things to watch out for:
Use our interest calculator to see how much you could earn on your CD.
If a TD Bank CD isn’t right for you, consider CDs from other banks.
After your CD matures, you’ll have a 10-day grace period during which you can decide what to do with your funds. Here are your options:
In addition to CDs, TD Bank offers these savings products: