TD Bank certificate of deposit review

Do you want to see a complete review of the TD Bank certificate of deposit? From Responsible Economy we have carried out an analysis of all its features: interest rate, terms, fees and everything you need to know. You will also be able to see a comparison of the best certificates of deposit in the United States in 2023 and an explanatory video. Welcome!

Explicative video

We have made a video summarizing in a very simple way all the features of the TD Bank Certificate of deposit. If you like our content, don’t hesitate to support us with a subscription and thus receive videos every day:

YouTube video
TD Bank certificate of deposit

Features

In this section we show you in detail each of the characteristics:

Interest rate

The interest rate of the certificates of deposit varies according to the terms chosen. Here is a table with the different terms and interest rates:

TermsYields
6 months3.51% APY
9 months4.50% APY
12 months3.75% APY
Terms and yields
TD Bank certificate of deposit rates

TD Bank Certificate of Deposit interest rates are not competitive because there are many banks that they offers up to 5.25% APY. Interest rates in the United States are currently very high and it may be a good opportunity to take advantage of it.

Fees

Always look at the annual or monthly maintenance fees. This certificate of deposit has no maintenance fees and is free to open.

Minimum deposit

This certificate of deposit requires a minimum of $250.

Best certificate of deposit in 2023

We have made a ranking with the best certificates of deposit that we can open in the United States in 2023:

Logo capital One CDs
  • 5% APY
  • Minimum deposit: $0
  • Term: 11 months
  • Member FDIC
Marcus by Goldman Sachs
  • 4,40% APY
  • Minimum deposit: $5000
  • Term: 12 months
  • Member FDIC
CIT Bank Logo
  • 4,65% APY
  • Minimum deposit: $1000
  • Term: 13 months
  • Member FDIC
synchrony-bank-logo
  • 4,60% APY
  • Minimum deposit: $0
  • Term: 14 months
  • Member FDIC
Alliant Logo
  • 4,60% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Bask bank logo
  • 4,55% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Barclays Logo
  • 4,50% APY
  • Minimum deposit: $0
  • Term: 12 months
  • Member FDIC
BMO logo
  • 4,50% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC

Pros and cons

After seeing all the features of the TD Bank certificate of deposit and which are the best CDs in the United States, we have made a table with all the advantages and disadvantages:

ProsCons
No feesThere are CDs with higher interest rates
Minimum deposit $250
Pros and cons TD Bank certificate of deposit

Requirements

To open this certificate of deposit you must meet the following requirements:

  • Live in the United States
  • Must be over 18 years old
  • Have a Social Security
  • American account number

Conclusion

After our review, our conclusion is that TD Bank does not offer a competitive certificate of deposit because the interest rate is very low compared to the best certificates of deposit and a minimum deposit of $250 is required.

Frequent questions

Now we answer all the questions you may have about the TD Bank certificate of deposit:

More information about TD Bank

Here is a table with information of interest about TD Bank:

InformationDescription
Websitehttps://www.td.com
Twitterhttps://twitter.com/TDBank_US
Facebookhttps://www.facebook.com/TDBank
YouTubehttps://www.youtube.com/user/TDBankUS
Interest information about TD Bank

Finally, we show you related content about certificates of deposit:

Updated the day 15 May, 2023 by Alfredo Barandiarán

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