TIAA Bank CD Rates

See how TIAA’s CD rates compare to other banks

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TIAA Bank CD Rates

If you’re shopping around for a new CD account, choosing one that aligns with your financial situation and offers a generous rate is important—especially if you want to deposit a large sum of money. One bank worth considering for a new CD account is TIAA Bank. This financial institution offers several CD options suitable for different customers, including a unique CD that offers expanded FDIC insurance protection of up to $8 million.

Here’s a look at TIAA Bank CD rates and account features, as well as some account options from competitors and tips for choosing the right CD. 

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.

Basic CD Overview

 CD Term  APY  Minimum Balance
3 months 4.00% $1,000 
6 months  4.00%  $1,000 
9 months  5.00%  $1,000 
1 year  4.75%  $1,000 
1.5 years  4.60%  $1,000 
2 years  4.40%  $1,000 
2.5 years  4.10%  $1,000 
3 years  4.10%  $1,000 
4 years  4.05%  $1,000 
5 years  3.95%  $1,000 

3.5-Year Bump Rate CD Overview

 CD Term  APY  Minimum Balance
3.5 years 4.10%  $1,500

IntraFi Network Deposits CD Overview

 CD Term  Funding Limit  APY  Minimum Balance
3 months $8 million 3.15% $10,000
6 months  $8 million  3.13%  $10,000 
1 year  $8 million  3.82%  $10,000 
2 years  $1 million  3.35%  $10,000 
3 years  $0.5 million  2.92%  $10,000 

TIAA Bank CD Rates: Key Features

Basic CD Key Features

APY Range 3.95%–5.00%
Minimum Balance  $1,000 
Term Range  3 months–5 years 
Early Withdrawal Penalty  Yes, but details not disclosed 
Grace Period for Penalty-Free Withdrawals  Not disclosed 

The TIAA Basic CD is a straightforward option offering generous APYs and a variety of term lengths. It’s a good option if you want relatively high rates, and its range of maturity dates makes it a good choice for CD laddering as well. 

3.5-Year Bump Rate CD Key Features

APY Range  4.10%
 Minimum Balance $1,500 
 Term Range 3.5 years 
 Early Withdrawal Penalty Yes, but details not disclosed 
 Grace Period for Penalty-Free Withdrawals Not disclosed 

With a TIAA Bank Bump Rate CD, you can benefit from a one-time rate increase if CD rates rise during your 3.5-year term. But the rate bump isn’t automatic—you’ll need to call to increase your rate if you choose to do so. Overall, this CD could be a good choice if you’re seeking a long-term CD with the potential for a rate increase. 

IntraFi Network Deposits CD Key Features

APY Range  2.92%-3.82%
 Minimum Balance $10,000 
 Term Range 3 months - 3 years 
 Early Withdrawal Penalty Yes, but details not disclosed 
 Grace Period for Penalty-Free Withdrawals Not disclosed 

TIAA Bank also offers an IntraFI Network Deposit CD, which provides increased FDIC coverage by distributing balances among several FDIC-insured banks. Generally, specific account categories at individual banks are FDIC-insured up to $250,000. But with this CD, your FDIC insurance increases into the millions. Those with significant savings looking for the added protection of higher FDIC insurance may benefit from this CD. 

With TIAA’s IntraFi Network Deposit CD, your money will be in multiple accounts with multiple banks. While this isn’t necessarily a cause for concern, it’s important to note as you compare CDs.

Compare Savings Account Rates

How Do You Get a CD With TIAA Bank?

You can open a TIAA Bank CD online. This bank mentions that the online application process takes just five minutes, so it’s fairly simple to open a new CD account.

Are TIAA Bank CDs Worth Investing In?

TIAA Bank offers relatively generous APYs for its CDs, so it could be worth opening a CD account if you can afford to keep your money in it for the full term. Just keep in mind that withdrawing your money early will result in penalties, and take the time to shop around for the highest-yield CDs before making a decision.

How Do You Get the Best CD Rate With TIAA Bank?

TIAA Bank offers different CD rates for different term lengths and account types. To find the best possible home for your money, compare terms and select the option with the highest rate. The best CD for you will be the one that aligns best with your needs (including minimum deposit requirements), so keep this in mind as you compare.

Are TIAA Bank CDs FDIC-Insured?

Yes, TIAA Bank’s CDs are FDIC-insured. Its Basic and Bump Rate CDs are insured up to $250,000, while its IntraFi CD is insured up to $8 million. Note that the IntraFi CD’s balance is distributed across multiple FDIC-insured bank accounts, which is why it has increased FDIC coverage.

Article Sources
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  1. TIAA Bank. "IntraFi Network Deposits." 

  2. TIAA Bank. "Basic CD." 

  3. TIAA Bank. "Bump Rate CD."