TD Bank CD Rates and Terms for 2025
Written by
Karen Doyle
Edited by
Elizabeth Constantineau
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TD Bank offers competitive certificate of deposit (CD) rates for a traditional bank, especially if you qualify for relationship rates through an eligible TD Bank checking account. Rates vary based on your term length and deposit amount.
TD Bank CD Rates: August 2025
Here’s a look at the terms and rates for TD Choice CDs. Each has a minimum opening deposit of $250.
| Term | Relationship APY | Standard APY |
|---|---|---|
| 3 months | ||
| 6 months | ||
| 9 months | ||
| 10 months | ||
| 12 months | ||
| 18 months | ||
| 2 years | ||
| 3 years | ||
| 5 years |
Types of CDs Offered by TD Bank
TD Bank offers several types of CDs:
- Traditional CDs: You deposit money for a set length of time and receive a fixed interest rate in return.
- No-Catch CDs: Similar to traditional CDs. However, once per term, the account holder can withdraw money from the CD without incurring an early withdrawal penalty.
- Step Rate CDs: Come with guaranteed yearly rate increases. Like a No-Catch CD, account holders can make one penalty-free withdrawal per term.
Pros and Cons of TD Bank CDs
TD Bank CD accounts come with a variety of benefits but they also have drawbacks. Here’s a look at both sides:
Pros
- Penalty-free withdrawal options
- Convenient branch hours
- Automatic renewal
- Low minimum deposit required
Cons
- Higher interest rates are available from many online banks
- Interest compounded monthly, not daily
- CD rates can vary by region
- Best rates reserved for customers with an eligible TD checking account
How Much Can You Earn With a TD Bank CD?
How much interest can you earn when you have a CD at TD Bank? You’ll have to look at these factors:
- The amount of your deposit
- The term length on the CD
- The current annual percentage yield (APY)
Take a look at the estimated earnings with TD Bank CDs:
| Deposit Amount | Term Length | Relationship APY | Estimated Interest Earned |
|---|---|---|---|
| $250 | 6 months | $4.35 | |
| $250 | 9 months | $6.07 | |
| $250 | 12 months | $7.50 | |
| $250 | 5 years | $29.42 |
You can also check how much you’ll earn using the GOBankingRates Savings Calculator. This calculator shows how compound interest grows your money over time.
How To Open a TD Bank CD
If you’re ready to open a TD Bank CD, you can complete the application to open your account online. You can also visit a branch in person. Be prepared to provide your contact information, Social Security number and government-issued ID for all account holders.
To make the initial deposit, you’ll need the account and routing numbers for the account you’re transferring money out of. TD Bank gives you the option of adding a checking account at the same time.
TD Bank CD Rates vs. Other Banks
Here’s a look at how TD Bank CD rates for three-month and one-year accounts stack up against other options you might consider.
| Bank | 3-Month CD APY | 1-Year CD APY |
|---|---|---|
| TD Bank | – standard APY – relationship APY |
– standard APY – relationship APY |
| Ally Bank | ||
| Discover® Bank, Member FDIC |
Are TD Bank CDs Right for You?
TD Bank CDs are best for customers who want more than an FDIC-insured CD account. Customers with a qualifying checking account earn the best rates on CD products.
Ideal For
- Existing customers with a TD Bank checking account
- Those who need a more affordable, lower minimum opening deposit
- Frequent travelers between the U.S. and Canada
Not Great For
- Anyone without a TD Bank checking account
- People who want faster-growing interest
- Customers who need frequent access to funds
Tips for Getting the Best CD Rate
You’ll get the best TD Bank CD rates if you have an existing checking account with them. By having both accounts, you’ll qualify for Relationship APYs.
Consider how long you can keep your money in a CD account as well. The 3- and 6-month CD terms are offering some of the highest APYs currently. That could be perfect if it aligns with your timeline. Just make sure you’re not withdrawing the funds too early, so you can avoid paying the early withdrawal penalty.
If you aren’t sure that a CD through TD Bank is the right fit, take some time to explore the top CD rates offered through other financial institutions.
TD Bank CD Rates FAQ
Have more questions about TD Bank's CDs? Here's more.- How does a TD no-penalty CD work?
- TD Bank offers two "No-Catch CDs," with six-month and 12-month terms, that allow one penalty-free withdrawal per term. However, the interest rates are much lower because of it, which may not make them worth opening compared to traditional CDs that offer better rates.
- What is the minimum deposit required for a TD Bank CD?
- You can open a TD Bank CD with as little as $250.
- Are there penalties for early withdrawals from a TD Bank CD?
- Yes, if you withdraw money from your TD Bank CD before it matures, you'll be hit with an early withdrawal penalty. The amount of the penalty ranges depending on the CD term, but you can lose anywhere from three months' interest to all of the interest accrued on your principal.
- Do I need a TD Bank account to open a CD?
- No, you don't need a TD Bank account to open a CD. However, if you have a checking account with TD Bank, along with your CD, you can qualify for the Relationship APYs, which are much higher than the standard APYs.
- Can I open a CD online?
- Yes, you can open a TD Bank CD online. You'll need to provide an ID, your Social Security number and your contact information. You will also have to fund the account with information from an existing bank account.
- What happens if I withdraw before the term ends?
- If you withdraw from your TD Bank CD before the term ends, you may need to pay an early withdrawal penalty. As an alternative, TD Bank does have a No-Catch CD, which allows you to make one withdrawal, penalty-free.
- Are TD Bank CD rates competitive in 2025?
- TD Bank CD rates can be competitive, but may be behind other leading online banks. If you qualify for the Relationship APY, which means having both a TD Bank checking account and a CD, then you can be eligible to receive the higher APYs.
Melanie Grafil, Caitlyn Moorhead, Sarah Sharkey and Jami Farkas contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 8, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
