bank rates

TCF Bank’s Best CD Rates Vary By State

Its best rates are in MichiganTCF Bank only advertises its special CD rates on its website (, which is OK since they’re the best of the bunch.

Those specials are for two terms that vary, by both term and rate, in the states TCF Bank has 440 branches in: Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, South Dakota and Wisconsin.

This week’s specials from the Minnesota-based bank are:

  • 0.50% APY for 9-month CDs and 0.70% APY for 12-month CDs in Arizona.
  • 0.50% APY for 24-month CDs and 1.25% APY for 60-month CDs in Colorado.
  • 0.70% APY for 12-month CDs and 1.00% APY for 24-month CDs in Illinois, Indiana, Minnesota, South Dakota and Wisconsin.
  • 0.75% APY for 12-month CDs and 1.00% APY for 23-month CDs in Michigan.

Those rates are obviously better in some states than others.

Michigan fares best, as the average rate offered by large banks and thrifts for 12-month CDs is 0.39%; for 24-month CDs, 0.59%.

Colorado is the least fortunate — both of its rates are below average. (The average annual yield for 60-month CDs is now 1.34%.)

TCF Bank doesn’t sell its CDs online or over the phone, so buying one of its certificates of deposit isn’t even an option if you live in a state without a branch you can visit.

Not that you should be heartbroken.

We have far higher rates available nationally on our CD Rates Leaderboard.

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

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