Bank CD Rates

When investing in TD Bank CD, rates will vary depending on the term of the CD chosen. The current rates were posted on 10/15/09 and are current as of 10/27/09.

The basic CD has a 9 month term and has a current APY of 1.30%. The No Catch CDs are of 2 different term lengths. The 6 month CD has an APY of 0.40% and the 12 month CD has an APY of 0.60%. There are 2 different Step CDs. The 3 year Step CD has an interest rate of 1.00% for the first year, 1.98% for the second year, and 2.72% for the third year. The five year Step CD has a first year interest rate of 1.00%. The second year has an interest rate of 1.24%, and the third year has an interest rate of 1.98%. The fourth year has an interest rate of 2.47%, and the fifth and final year has an interest rate of 4.17%.

Each of these CD does require a minimum of $250 deposit and there is no monthly maintenance fee. The basic CD has no special requirements or conditions. The No Catch CDs allow the investor to make one withdraw per year without any penalty. The Step CDs do not have any special conditions or requirements. There are penalties for early withdraw except for the above stated situations.

At maturity each of these CDs has an automatic rollover. The grace period for this to occur is not stated on the website.

To obtain these bank CD rates, customers can apply online, over the phone or at a branch. TD Bank CD Rates and their investments are protected by the FDIC.