TD Bank CD Rates: Current Offers and Account Options
Explore TD Bank's Certificate of Deposit rates and find the best CD option for your savings goals.
Certificates of Deposit (CDs) remain one of the safest ways to grow your savings while earning a guaranteed rate of interest over a fixed period. TD Bank offers several CD options designed to meet different financial goals and preferences. Whether you’re looking for higher rates on longer-term commitments or flexibility with penalty-free withdrawals, TD Bank provides multiple paths to earn competitive returns on your savings. Understanding the various CD types and current rates available can help you make an informed decision about where to place your money.
Understanding TD Bank’s CD Options
TD Bank provides three distinct types of certificates of deposit, each designed with specific customer needs in mind. The bank’s approach to CDs gives customers flexibility in choosing terms and rate structures that align with their financial objectives.
TD Choice Promotional CD
The TD Choice Promotional CD represents TD Bank’s most commonly offered certificate of deposit product. This CD type features a tiered rate structure with two interest rate options available to customers. All TD Choice Promotional CDs require a minimum opening deposit of $250, making them accessible to most savers.
The key feature distinguishing the TD Choice Promotional CD is the relationship bump rate system. Customers who maintain a personal TD Bank checking account in good standing are eligible for the higher relationship bump rate when opening or renewing their CD. This incentive rewards loyal customers with TD Bank relationships by offering them notably higher rates compared to standard rates offered to non-checking account holders.
Current TD Choice Promotional CD rates include:
| Term Length | Standard APY | Relationship Bump APY | Minimum Deposit |
|---|---|---|---|
| 3 months | 1.00% | 2.75% | $250 |
| 6 months | 1.00% | 2.75% | $250 |
| 9 months | 1.00% | 3.75% | $250 |
| 10 months | 3.00% | 3.00% | $250 |
| 12 months | 1.00% | 3.51% | $250 |
| 18 months | 1.00% | 3.00% | $250 |
| 24 months | 1.00% | 3.00% | $250 |
| 3 years | 1.00% | 2.75% | $250 |
| 5 years | 1.00% | 2.25% | $250 |
The TD Choice Promotional CD offers the most competitive rates for customers with checking account relationships. The 9-month term offers an attractive 3.75% APY for relationship customers, while the 12-month term provides a solid 3.51% APY. Longer-term CDs typically offer lower rates, with the 5-year option at 2.25% APY for relationship customers.
TD No-Catch CD
For customers seeking maximum flexibility, the TD No-Catch CD provides penalty-free withdrawal options that set it apart from traditional certificate of deposit products. This CD type is ideal for savers who want the security of a guaranteed rate but may need access to their funds before maturity.
The TD No-Catch CD currently offers two term options with the following rates:
| Term Length | Standard APY | Minimum Deposit |
|---|---|---|
| 6 months | 0.05% | $250 |
| 12 months | 0.05% | $250 |
While the No-Catch CD offers lower rates compared to the Choice Promotional CD, the flexibility to withdraw funds without penalties makes it valuable for certain situations. This product type works best for emergency funds or money you may need to access unexpectedly while still earning some interest.
TD Step Rate CD
The TD Step Rate CD provides a unique opportunity for savers interested in gradually increasing returns over time. This CD type features a base APY that increases 5 basis points (0.05 percent) each year throughout the CD term. The Step Rate CD structure rewards long-term savings by automatically raising the interest rate annually without requiring any action from the account holder.
TD Bank offers Step Rate CDs in two term options:
| Term Length | Composite APY | Minimum Deposit |
|---|---|---|
| 3 years | 0.10% | $250 |
| 5 years | 0.15% | $250 |
The Step Rate CD also includes a valuable feature allowing customers to make one penalty-free withdrawal within 10 calendar days of the account anniversary date. This feature provides limited flexibility while still maintaining the structure of a traditional CD. The composite APY represents the average annual yield earned over the entire CD term when accounting for the yearly rate increases.
Recent Updates to TD Bank’s CD Program
TD Bank has recently made significant changes to its CD offerings to simplify the customer experience. The bank has aligned its Relationship and Standard rates on CDs, eliminating the previous requirement for customers to maintain a separately linked checking account to earn promotional rates on new CD openings. Customers who open a new TD Choice CD now automatically receive the promotional rate without the need for a separate relationship requirement.
However, customers should note that at CD renewal, they must take action and contact TD Bank directly to renew their CD into a promotional rate to continue earning the higher rate. If customers do not actively renew their CD into a promotional rate, the account will automatically renew into a lower, non-promotional rate. This change emphasizes the importance of monitoring CD maturity dates and taking proactive steps to maintain competitive rates.
How to Choose the Right TD Bank CD
Selecting the appropriate CD depends on several personal financial factors. Consider your time horizon—how long can you commit to leaving your money untouched? If you need access to funds within the year, the No-Catch CD or shorter-term Choice Promotional CD options provide more flexibility. For longer commitments, the Choice Promotional CD typically offers more competitive rates than Step Rate CDs when comparing terms of 3 years or longer.
Your funding source also matters. If you maintain or plan to open a TD Bank checking account, the relationship bump rate on Choice Promotional CDs provides substantially higher yields. Comparing the 9-month relationship bump rate of 3.75% APY to standard rates demonstrates the significant value of this relationship benefit. For customers without checking accounts, comparing TD Bank’s rates to online banks or credit unions may reveal better opportunities elsewhere.
CD Rates as of November 2025
According to TD Bank’s official rate sheet current as of November 21, 2025, the bank maintains competitive rates across its CD portfolio. The rates vary based on deposit amounts and CD type, with certain tiers offering enhanced rates for larger deposits. TD Bank CDs are no longer being sold for new customers in certain traditional formats, with the company focusing on the Choice Promotional, No-Catch, and Step Rate products.
The bank’s newer rate structure emphasizes promotional offerings and relationship incentives, reflecting changes in the broader banking industry as institutions compete for CD deposits during a period of fluctuating interest rates.
Key Benefits of TD Bank CDs
TD Bank’s CD products offer several advantages for savers:
- Low Minimum Deposits: At just $250, TD Bank CDs are accessible to most savers without requiring substantial initial investments.
- Relationship Rewards: Customers with TD Bank checking accounts receive notably higher rates on most Choice Promotional CD terms.
- Flexible Terms: With options ranging from 3 months to 5 years, customers can find terms matching their specific financial planning needs.
- Penalty-Free Options: The No-Catch CD and Step Rate CD penalty-free withdrawal features provide flexibility competitors may not offer.
- Rate Increases: Step Rate CDs automatically increase rates annually, providing growing returns without additional action required.
Comparing TD Bank CDs to Other Institutions
When evaluating CD options, it’s important to compare TD Bank’s rates with those offered by other financial institutions. Online banks and credit unions sometimes offer higher CD rates, particularly for longer-term commitments. However, TD Bank’s relationship bump rates and accessible terms make its CDs competitive for existing customers. Banks like Bank of America offer regional variation in CD rates and different rate structures that may appeal to certain customers.
The choice between institutions should consider not just rates but also convenience. TD Bank customers with existing checking accounts and nearby branches may value the relationship rates and banking integration despite potential rate differences with online competitors.
Frequently Asked Questions
Q: What is the minimum deposit required to open a TD Bank CD?
A: TD Bank requires a minimum opening deposit of $250 for all its CD products, including Choice Promotional CDs, No-Catch CDs, and Step Rate CDs.
Q: Do I need a TD Bank checking account to get the best CD rates?
A: While TD Bank has recently aligned rates so checking accounts aren’t required for new CD openings, customers with TD Bank checking accounts historically received higher relationship bump rates on Choice Promotional CDs. Check current promotional offerings to see what rates apply to new customers.
Q: Can I withdraw money early from a TD Bank CD without penalty?
A: Only the TD No-Catch CD and TD Step Rate CD offer penalty-free withdrawal options. The No-Catch CD allows full withdrawal without penalties, while the Step Rate CD allows one penalty-free withdrawal within 10 calendar days of the account anniversary. Traditional Choice Promotional CDs typically have early withdrawal penalties.
Q: What is the difference between a TD Choice Promotional CD and a Step Rate CD?
A: The Choice Promotional CD offers fixed rates throughout the term, while the Step Rate CD automatically increases the interest rate by 0.05% each year. The Step Rate CD provides growing returns over time but typically offers lower composite yields compared to the Choice Promotional CD for the same term length.
Q: When must I renew my CD at TD Bank?
A: You must take action to renew your CD into a promotional rate before maturity or when it matures. If you don’t actively renew into a promotional rate, your CD will automatically renew at a lower non-promotional rate. Contact TD Bank to ensure your CD renews at the promotional rate you want.
Q: How often are TD Bank CD rates updated?
A: CD rates can change at any time and may vary by region for some products. TD Bank updates its official rate sheets regularly to reflect current market conditions. Check directly with TD Bank or consult their official website for the most current rates and terms.
Q: What is the relationship bump rate on TD Choice Promotional CDs?
A: The relationship bump rate varies by term length. For example, the 9-month Choice Promotional CD offers a 3.75% APY relationship bump rate, while longer terms like the 5-year offers a 2.25% APY relationship bump rate. Standard rates without a checking account relationship are typically around 1.00% APY.
References
- TD Bank CD Interest Rates – Bankrate — Bankrate. November 29, 2025. https://www.bankrate.com/banking/cds/td-bank-cd-rates/
- TD Bank CD Rates: Pros, Cons, and Current Rates – Business Insider — Business Insider. September 23, 2025. https://www.businessinsider.com/personal-finance/banking/td-bank-cd-rates
- Certificate of Deposits: View CD Rates & Term Options – TD Bank — TD Bank Official. November 28, 2025. https://www.td.com/us/en/personal-banking/certificates-of-deposit
- TD Bank CD Rate Sheet — TD Bank Official. November 21, 2025. https://www.td.com/content/dam/tdb/document/pdf/personal-banking/certificates-of-deposit/td-cd-rate-sheet.pdf
- How to Choose a Certificate of Deposit – TD Bank — TD Bank Official. https://www.td.com/us/en/personal-banking/learning/how-to-choose-a-certificate-of-deposit
- Best CD Rates for November 2025: Up to 4.30% – NerdWallet — NerdWallet. November 2025. https://www.nerdwallet.com/banking/best/cd-rates
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