To put money that will generate a predictable return. If FDIC insured, the CD represents a safe place CD RiskĪlmost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years.

In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In general, if rates are going up, savers should avoid putting the Individual depends on their goals, the rate they which to earn, and their future plans for the money. Terms can either be described in months or years. Terms can run for any period of time but in general, banks use the following terms:ģ months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. The time period in which money is held in a certificate of deposit is called the term. Interest penalties and is generally not advised. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high

Of money for a set period of time, in return for a fixed rate of interest.

For non-TD ATM transactions, the institution that owns the terminal (or the network) may assess a fee (surcharge) at the time of your transaction, including balance inquiries.ĤOverdraft Payback automatically reverses the first two overdraft fees (paid or returned) incurred within a calendar year (January–December) max $70 per calendar year.Certificates of Deposit - Branch Banks 2023Ī certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount See the Personal Deposit Account Agreement for more details about eligibility.ģNon–TD ATMs: TD fees waived regardless of balance, and non-TD fees reimbursed when minimum daily balance is at least $2,500. Posted rates on this page are subject to change at any time without notice.ġTD Choice Promotional CDs will automatically renew at maturity to the same term at the non–promotional TD Choice CD interest rate and APY in effect at the time of renewal unless we notify you otherwise.ĢTo qualify for the relationship rate, customers must own an eligible TD Bank personal checking account in good standing at the time of CD account opening or renewal. Penalties for early withdrawal may apply, please refer to the Personal Deposit Account Agreement for more information. *Annual Percentage Yield (APY) is accurate as of and assumes that interest and principal will remain on deposit until maturity.

Td bank cd interest rates