TD Bank CD Rates October 2011 Update
The TD Bank CD rates that were viewed by Highest CD Rates have only been reduced in the Step Rate CD’s from this financial institution. While they have remained stead in the last couple of months for the most part, they are still below the national average for this type of conservative investment.
To earn the TD Bank certificate of deposit rates a minimum deposit of $250 must be placed in the bank.
The current CD rates from the Basic CD category include a term of 11 months and are earning an APY of 0.40%.
There is also the No Catch CD that permits an early withdraw of funds from the account one time before the term of the CD expires. The 6 month CD that is earning an APY of 0.30%. The 1 year CD is earning an APY of 0.20%.
The Step Rate CD is an investment that has an increasing interest rate over the term of the CD that occurs annually. The 3 year CD is earning an APY of 0.40% for the first year, 0.50% in the second and 0.75% in the third for an overall APY of 0.55%.
The best CD rates are from the 5 year CD is earning an APY of 0.70% in the first year with the second year earning an APY of 0.85%, the third year an APY of 0.90%, the fourth year an APY of 1.00% and the fifth year an APY of 1.75%. The overall APY is 1.03%.
These TD CD rates were posted on September 30, 2011 but are subject to change without notice.