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

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Interest rates increase every year
Year
Interest Rate
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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    There’s no income tax on withdrawn earnings if you meet the requirements of a qualified distribution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

Monthly Maintenance Fee
None
Earns Interest
Yes
Minimum Opening Deposit
$250
Free with this Account
Make one penalty-free withdrawal at each anniversary2
Additional Benefits
Yearly rate increases, auto renew

Get the most from your new account

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Traditional IRA

Learn how a traditional IRA can help you save for retirement



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