bank rates

Go Short To Find TD Bank’s Best CD Rates

Although TD Bank advertises competitive CD rates for its more than 1,000 branches in Florida and the Northeast, only a few manage to eke out an above-average return.

It's 8-Month CD Pays 0.50% APY

For instance, its current 8-month basic CD pays 0.50% APY with a $250 minimum deposit.

Large banks and thrifts are paying an average annual yield of 0.30% for 6-month CDs, and 0.48% for 12-month CDs.

But that’s as competitive as TD Bank gets.

While its rates look OK among its big bank peers, TD Bank isn’t in the same league when compared to the CD Rates Leaderboard. The 6-month CD leader there is paying 1.10% APY; the 12-month leader, 1.41% APY.

That’s a heck of a difference, no?

The only other TD Bank CD rates that are above average:

3-month CD rate is 0.35% APY versus an average rate of 0.20% APY.

6-month CD rate is 0.40% APY versus an average rate of 0.30% APY.

60-month CD rate is 1.75% APY versus an average rate of 1.60% APY.

There are definitely better deals out there, and you’ll find them if you compare TD Bank’s returns with the best CD rates from scores of other banks in our extensive database.

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Comments (1)
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  1. A.Bundy said:
    on February 3rd at 08:57 pm

    what a useless bank. Toronto Dominion should have stayed with the neufies up north in bacon land. Capital One and Apple Bank triple what this loser of a bank gives.