What you get

Benefit from guaranteed returns as the interest rate on your IRA CD increases every year, plus the option to make one penalty-free withdrawal at each anniversary.2

  • Guaranteed interest rates that increase every year
    A TD Step Rate IRA 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 anniversary, 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 – both offer interest rates that increase every year
  • Low minimum deposit to open
    Deposit at least $250 to open and maintain the account

Standard Rates and Terms

Build your retirement savings with interest rates that increase every year.


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TD Choice CD's standard rate


Interest Rate

Save for retirement and enjoy tax benefits

Check with your tax advisor to see if you're eligible.3

  • Traditional IRA earnings grow tax deferred
    Earnings are taxable as income upon withdrawal; contributions may be tax deductible
  • Roth IRA earnings grow tax exempt
    There’s no income tax on withdrawn earnings if you meet the requirements of a qualified distribution
  • Annual contribution limits apply
    Contribute up to a certain limit or 100% of earned income, whichever is less; customers age 50 and over are eligible for an additional contribution4

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.

For the TD Step Rate IRA 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).

1The information, education and general descriptions contained herein are provided solely for informational and educational purposes. This material is not intended to be viewed or construed as a suggestion for you to take (or refrain from taking) a particular course of action or as the advice of an impartial fiduciary. This information should not be viewed as individual tax, financial or investment advice. Please consult your tax and/or financial advisor for information and advice specific to your individual circumstances.

2Partial 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.

3Consult your tax advisor or IRS Publication 590 to determine what type of IRA is right for you. Publication 590 can be accessed by calling the IRS at 1-800-829-3676 or online at www.irs.gov.

4IRA contribution limits are based on earned income. You may contribute up to 100% of earned income or the IRA Annual Contribution Limit, whichever is less. Customers age 50 and over are eligible for an additional contribution.

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