TD Bank CD rates – April 2011 Update
Post from: Bank Rates Info
CDs are one of the best ways of savings. CDs are available in different terms and could be deposited in various amounts which would fetch interest according to its term and value. It is safe, easy and flexible to invest in CDs than compared to other deposits. Though the short-term returns are lower than other investments, in the long-run, the returns are better than savings account. TD bank offers various CDs with competitive rates of interest and these rates and features are reviewed in this post.
The first kind of CD is the Business CD where the minimum deposit amount to be maintained is $5,000. No monthly maintenance fee is required and TD bank CD rates under this scheme are 0.35% APY for 91 days and 0.40% APY for 9 months. TD bank certificate of deposit rates are 0.50% APY for 18 months and 1.75% APY for 5 years deposit.
TD Bank Business No Catch CD is another category offered by TD Bank. In this CD, the minimum deposit is $25,000, there is no monthly maintenance fee and TD CD rates for 3 months deposit is 0.1% APY , for 5 months it is 0.20% APY, for 9 months deposit it is 0.30% APY and for 11 months deposit, the interest rate is 0.35% APY.
There is also an option for high investors and that is the Business Jumbo CD. Under this scheme, the minimum deposit amount would be $50,000 and the investment term ranges from 7 days to 1 year. There is no monthly maintenance fee for this CD too. These TD Bank interest rates are highly competitive in the current market conditions and coupled with the convenient features, it is one of the better choices for investors.
