What you get

Benefit from guaranteed returns as the interest rate on your CD increases every year. You'll also have the option to make one penalty-free withdrawal at each anniversary.1

  • Guaranteed interest rates that increase every year
    A TD Step Rate CD may be a good choice if you want the confidence that your interest rate is guaranteed to increase every year
  • Make penalty-free withdrawals
    At each anniversary1, option to make a full or partial withdrawal within 10 calendar days of anniversary date with no penalty
  • Choose the term that's right for you
    Select a 3- or 5-year term, each with a low $250 minimum deposit to open and maintain the account
  • Automatic renewal
    Convenient automatic renewal

Standard Rates

Build your savings with interest rates that increase every year.


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TD Choice CD's standard rate


Interest Rate

What you pay

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*Annual Percentage Yield (APY) is accurate as of and assumes that interest and principal will remain on deposit until maturity. Penalties for early withdrawal may apply, please refer to the Personal Deposit Account Agreement for more information. Fees may reduce earnings. Posted rates on this page are subject to change at any time without notice.

1Partial and full withdrawals may be made without penalty during a ten (10) day grace period that begins on each anniversary of the account opening date.

2For the TD Step Rate CD, the annual percentage yield is a composite APY. The APY assumes each stated interest rate will be in effect for the length of time identified (1 year period).

3Non-TD ATMs: TD fees waived regardless of balance, and non-TD fees reimbursed when minimum daily balance is at least $2,500. For non-TD ATM transactions, the institution that owns the terminal (or the network) may assess a fee (surcharge) at the time of your transaction, including balance inquiries.

4Overdraft Payback automatically reverses the first two overdraft fees (paid or returned) incurred within a calendar year (January–December); max $70 per calendar year.

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