TD Bank CD Rates January 2011

February 9th, 2011 Brock Hailes Leave a comment Go to comments

TD Bank operates in 15 states and the District of Columbia. TD Bank is the 11th largest U.S. bank measured by total assets. The bank offers a number of competitive CD rates that compete with the top US banks in the regions in which TD Bank operates.

TD Bank CDs can be opened over the phone or at any one of the TD Bank branch locations. The TD Bank CD rates are geographic dependent and may vary based on the residence of the account holder. Currently, TD Bank is offering some promotional CD rates that include traditional CD products as well as nontraditional CD products.

The TD Bank standard CDs have are fixed rate and fixed term bank CDs that are available with wide assortment of CD interest rates and terms and maturities. The bank also offers a No Catch CD that is similar to liquid CD or no penalty CD. This bank CD is similar to a traditional CD with a fixed rate and term but also offers the flexibility of making one penalty-free withdrawal per term.

TD Bank CD offerings include a step rate CD. The step rate CD is similar to a step up CD in which the CD interest rate will increase at predetermined intervals offer time. With TD Bank step rate CD the account holder also has the option to make a full or partial withdrawal from the CD account on each anniversary date.

TD Bank also offers IRA CDs with competitive IRA CD rates. TD Bank puts a twist on the traditional IRA CD with their add-vantage CD. Per TD Bank marketing information, this bank IRA CD presents a arranged approach to save for retirement by allowing the account holder to spread their IRA contributions over the course of the year.

The following TD Bank CD rates are for the Connecticut area.

The TD Bank basic CD has a rate of 0.70 percent for an 11 month term. There is a $250.00 minimum deposit for this CD.

The No Catch CD has a CD rate of 0.40 percent for a 6 month term and 0.35% interest rate for a one year term. This bank CD also has a minimum deposit requirement of $250.00.

The TD Bank step rate CD has either a 3 year term or 5 year term. The 3 year term CD has an effective rate of 0.85% which starts at 0.60% and then increases to 0.75% for the second year and ends with an interest rate of 1.19% for the third year.

The five year step rate CD starts with a CD interest rate of 0.80%, increases to 0.95% for the second year, increases again to 1.14% for the third year, another rate increase to 1.24% for the fourth year and a final rate increase to 2.23% for the final year.

The IRA Add-Vantage CD form the bank has a one year term and a CD rate of 0.40%. The minimum deposit for this IRA CD account is $250.00.

All CD interest rates are current as of this publication date but are subject to change at any time without notice.

TD Bank offers CDs along with a full range of other financial products and services.
In addition to the CD rates listed for Connecticut, consumers can also find TD Bank CD rates for Washington DC, TD Bank CD rates in Delaware, TD Bank CD rates Florida, TD Bank CD rates Massachusetts, TD Bank CD rates Maryland, TD Bank CD rates Maine, TD Bank CD rates New Hampshire, TD Bank CD rates New Jersey, TD Bank CD rates New York, TD Bank CD rates Pennsylvania, TD Bank CD rates Rhode Island, TD Bank CD rates Virginia and TD Bank CD rates Vermont.

For more bank rate information see TD mortgage rates or find a TD Bank branch at TD Bank locations.

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