bank rates

TIAA Direct Now Offers Competitive CDs

hands holding a pink piggy bankWe’re adding a 2-year-old online bank to our list of banks with competitive nationally available CD rates.

TIAA Direct – the bank owned by TIAA-CREF, the large retirement services provider – had offered top savings and money market rates when it debuted in 2012. But that summer it abruptly stopped opening new accounts so it could “improve the customer experience.”

Earlier this year, TIAA Direct began accepting new customers again.

Its savings rates are not nearly as good as they once were, but its CD rates are competitive – although not knock-you-down impressive – in a number of terms. It has a long way to go to topple one of the banks topping our CD Rates Leaderboard.

Today, we began tracking TIAA Direct in the 6-, 12-, 24- and 36-month terms.

Below, see what TIAA Direct pays, then click on the link to see how it compares to the other banks we’re tracking:

TIAA Direct requires a $1,000 minimum deposit on its certificates of deposit.

For more information, visit www.tiaadirect.com or call 855-842-2372.

TIAA Direct is a division of TIAA-CREF Trust Co., FSB.

TIAA-CREF’s core focus has been providing financial services and planning for those in the academic, medical, cultural, government and research fields.

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