No-Catch CDs are available for six-month terms and pay 0.05% APY.Īnother major CD category at TD Bank is the Step Rate CD, with either a three-year term, paying a composite 0.10% APY, or a five-year term, paying a composite 0.15% APY. TD Bank also offers No-Catch CDs, which offer one no-penalty withdrawal per term. TD Bank operates in 15 states and Washington, D.C. Rates may vary by ZIP code, although the bank seems to pay the same yield regardless of your location. TD Bank requires a minimum opening balance of $250 on all of its CDs. Customers who do have a qualifying TD Bank checking account are eligible for a “bump rate” APY of 5.00% on a six-month CD, 5.00% on a 12-month CD and 4.50% on a 18-month CD.
The TD Choice CD doesn’t require customers to have an eligible TD Bank checking account to receive the stated interest rate, or APY. The primary offering, featured here, is the TD Choice CD. TD Bank offers three types of CDs: TD Choice, No-Catch and Step Rate.
