TD Bank CD Rates

TD Bank's CD interest rates are competitive, but only if you're an eligible TD customer

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Updated May 26, 2023
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Brendan Harkness
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Fact checked by Brendan Harkness
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Brendan Harkness is a senior finance editor at Investopedia and The Balance. He has spent 8-plus years researching, writing, and editing content for financial and business publications about credit, banking, and credit cards.

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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.

The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.

TD Bank Choice CD

TD Bank Choice CD Overview: 3 Month
Deposit Range   Bump Rate APY  Standard APY
$250–$9,999.99 0.05% 0.05%
$10,000–$49,999.99  0.05%  0.05% 
$50,000–$99,999.99  0.05%  0.05% 
$100,000+  0.05%  0.05% 
TD Bank Choice CD Overview: 6 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: 9 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% 
TD Bank Choice CD Overview: 12 Month
Deposit Range   Bump Rate APY  Standard APY
$250–$9,999.99 3.75% 1.00%
$10,000–$49,999.99  3.75% 1.00% 
$50,000–$99,999.99  3.75% 1.00% 
$100,000+  3.75% 1.00% 
TD Bank Choice CD Overview: 18 Month
Deposit Range   Bump Rate APY  Standard APY
$250–$9,999.99 0.05% 0.05%
$10,000–$49,999.99  0.05% 0.05%
$50,000–$99,999.99  0.05% 0.05%
$100,000+  0.05% 0.05% 
TD Bank Choice CD Overview: 24 Month
Deposit Range   Bump Rate APY  Standard APY
$250–$9,999.99 0.05% 0.05%
$10,000–$49,999.99  0.05%  0.05% 
$50,000–$99,999.99  0.05%  0.05% 
$100,000+  0.05%  0.05% 
TD Bank Choice CD Overview: 36 Month
Deposit Range   Bump Rate APY  Standard APY
$250–$9,999.99 0.05% 0.05%
$10,000–$49,999.99  0.05%  0.05% 
$50,000–$99,999.99  0.05%  0.05% 
$100,000+  0.05%  0.05% 
TD Bank Choice CD Overview: 60 Month
Deposit Range   Bump Rate APY  Standard APY
$250–$9,999.99 0.05% 0.05%
$10,000–$49,999.99  0.05%  0.05% 
$50,000–$99,999.99  0.05%  0.05% 
$100,000+  0.05%  0.05% 

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 0.05%–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%
Minimum Balance  $250 
Term Range  1–5 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 Savings 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.

Article Sources
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  1. TD Bank. “TD Step Rate CDs.”

  2. TD Bank. “TD No-Catch CDs.”

  3. TD Bank. “TD Choice Promotional CDs.” 

  4. TD Bank. “Select Your Region.” 

  5. TD Bank. “Personal Deposit Account Agreement.”