Tiaa Direct Reviews, Rates and Information

Bauer Rating ? ★★★★★

About

TIAA Direct Bank is a division of TIAA-CREF (Teachers Insurance and Annuity Association of America-College Retirement Equities Fund), which reports $840 billion in assets under management. Founded by Andrew Carnegie to assist college teachers in obtaining annuities and low-cost life insurance, TIAA CREF was established in 1918. TIAA Direct Bank is a featured partner of GOBankingRates.

TIAA Direct Bank lists a variety of banking and lending products ranging from interest checking and savings accounts to home financing equity lines of credit. Remote deposits can be made using their Remote Deposit app with supported smartphones. Withdrawals are accessible from 400,000 ATMs, many of which are fee-free. Bill pay service and transfers can be made using their online banking website as well.

Tiaa Direct (FDIC certificate 34723) was established in 1998 and operates online. Mr. Roger Ferguson, CEO of Tiaa Direct, leads a team of 232 employees.

Tiaa Direct, headquartered in Saint Louis, MO, is rated three stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a three star rating is “Adequate” and indicates that, among other things, this institution meets all federal capital requirements.

Tiaa Direct is a savings association (thrift). With $4 billion in total assets, the OCC classifies the bank’s asset concentration as "Mortgage Lenders" which is defined as institutions whose residential mortgage loans, plus mortgage-backed securities, exceed 50 percent of total assets.

Trust powers have been granted to the bank which means it has the right to act as a trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, or in any other fiduciary capacity allowed under the laws of the state in which it is located.

Tiaa Direct Rates

Tiaa Direct: National Interest Rates

All rates effective as of 11/09/2015

Rate (APY)

Account Type

Estimated Balance for 1 year

1.01%APY

1 Year CD

$25,253
1.08%APY

2 Year CD

$25,270
0.60%APY

6 Month CD

$25,150
0.70%APY

Online Savings

$25,175
0.95%APY

18 Month CD

$25,238
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Tiaa Direct Bank Fees

Type

Fee

National Average

Monthly Inactivity

$2.00
$7.00

Non sufficient Fund Overdraft

$25.00
$9.00

Stop Payment Item

$25.00
$27.00

Return Deposit

$10.00
$14.00

Domestic Wire Transfer (Outbound)

$20.00
$22.00

Domestic Wire Transfer (Inbound)

$0.00
$9.00

Non-Bank ATM

$0.00
$1.00

Customer Reviews

Tiaa Direct Customer Service Information

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730 Third ave New York, NY 10017 1-855-842-2372
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