What are TD Bank's current CD rates?

As of May 2026, TD Bank's standard CD rates range from approximately 0.05% to 1.00% APY. TD Bank also offers 'Choice Promotional' CDs with non-standard terms (such as 7, 9, 14, or 25 months) that can reach 4.00%–4.50%+ APY when available. These promotional rates require a minimum deposit (typically $250–$5,000) and may require new money from outside TD Bank. Rates change frequently — check TD Bank's website or visit a branch.

What is the minimum deposit for a TD Bank CD?

TD Bank's minimum deposit for standard CDs is $250, which is lower than many traditional banks that require $1,000. Choice Promotional CDs may have a higher minimum — verify with TD Bank at the time of opening. The low $250 minimum is useful for savers building small CD positions.

Does TD Bank offer a no-penalty CD?

TD Bank does not currently offer a standard no-penalty CD comparable to Ally's. If penalty-free early access is important, Ally's 11-month No-Penalty CD is an online alternative in the same competitive rate range.

What is TD Bank's CD early withdrawal penalty?

TD Bank's early withdrawal penalty depends on the term: typically 3 months of interest for short-term CDs (under 12 months) and 6 months of interest for 12-month and longer CDs. Specific penalty amounts may vary — confirm with TD Bank when opening. Breaking a CD before maturity always reduces your effective yield.

Is TD Bank a good option for CDs?

TD Bank is worth considering if you're in its East Coast service area and want in-person banking with the occasional Choice Promotional CD offer. For standard CDs, online banks offer much higher rates. TD Bank's promotional CD rates, when available, can be competitive — but you need to catch the offer and act before maturity to avoid rolling into a low standard rate.

TD Bank CD Rates 2026 — Standard and Promotional Rates Explained

TD Bank offers two distinct CD products in 2026: standard CDs paying 0.05%–1.00% APY and Choice Promotional CDs that can reach 4.00%–4.50%+ APY when the offer is active. The difference is significant — which is why knowing which product is available when you open matters more than the bank’s name on the door.

Rates shown are as of May 2026 and change frequently. Verify current rates directly with TD Bank before opening an account.

TD Bank Standard CD Rates (May 2026)

Term	Standard Rate (Approximate APY)
3 months	0.05%–0.10%
6 months	0.10%–0.25%
12 months	0.25%–1.00%
18 months	0.25%–1.00%
2 years	0.25%–0.75%
3 years	0.25%–0.75%
5 years	0.25%–0.75%

Note: TD Bank is available primarily on the US East Coast (Maine to Florida) and a few other markets. Rates and specific products may vary by location.

TD Bank Choice Promotional CDs

TD Bank’s promotional CD offers — marketed as “Choice Promotional CDs” — periodically appear with rates far above the standard schedule:

Feature	Detail
Typical terms	7, 9, 14, 25 months (non-standard)
Promotional APY	4.00%–4.50%+ when available
Minimum deposit	$250–$5,000 (varies by offer)
New money required	Often yes — check offer details
Auto-renewal	Renews at standard rate if no action taken
Grace period	10 calendar days

These offers appear on TD Bank’s website under “CD Special Rates” or can be inquired about in-branch.

What $10,000 Earns at TD Bank vs. Online Banks

	TD Standard CD	TD Choice Promotional	Online Bank
APY	~0.50%	~4.25%	~4.65%
Interest on $10,000 (12 months)	$50	$425	$465
FDIC insured	Yes	Yes	Yes

At standard rates, a TD Bank CD earns about $50/year less than an online bank CD on $10,000. On $50,000, that gap is $2,075 per year.

TD Bank’s Low Minimum Deposit

One genuine advantage: TD Bank’s $250 minimum deposit for standard CDs is lower than Chase ($1,000), Wells Fargo ($2,500), and Bank of America ($1,000). If you’re working with a smaller amount, TD Bank offers more access than many traditional peers.

For amounts under $250, consider a high-yield savings account — most top online banks have no minimum and pay similar rates to the best CDs.

The Renewal Risk

Choice Promotional CDs auto-renew at TD Bank’s standard rate when they mature, not at the promotional rate. The 10-day grace period is easy to miss. If you open a promotional TD Bank CD:

Set a calendar alert 30 days before maturity
During the grace period, compare TD Bank’s current offers to Ally, Marcus, and Discover
If TD Bank doesn’t have a competitive promotional offer at renewal, transfer to an online bank

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy