Available nationwide, TIAA Bank is offering a competitive rate of 2.85% APY on a 5-Year CD with initial deposit requirement of just $5,000. With TIAA Bank, you’ll enjoy daily compounded interest and won’t have to worry about monthly fees. If you’re looking for flexibility, they offer a wide range of terms that also have competitive rates. Start earning interest with this 2.85% APY rate today!
TIAA Bank CD Account Summary:
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- Account Type: CD account
- APY Rate: 2.85%
- Availability: Nationwide
- CD Length: 5 Years
- Soft/Hard Pull: Unknown
- Minimum Balance Requirement: $5,000
- Additional Requirements: None
- Early Withdrawal Fee: There is a penalty if you withdraw before the maturity date.
- Auto-Renewal: This account will automatically renew at maturity; you will be given a 20 day maturity alert.
TIAA Bank CD Account Features:
- No monthly fees and low minimum balance requirement of $5,000
- 2.85% APY: Highly competitive rate for a 5-Year term
- Need flexibility? Choose from 3- to 60-month terms to suit your needs
- Daily compounded interest rate and credited monthly
- FDIC insured of up to $250,000
Conclusion:
I recommend taking advantage of this TIAA Bank online 5-Year CD account offer because the only requirement is a low minimum balance of $5,000. Rarely will you find a great combo of a high APY rate of 2.85% with a short term of 5 Years. In addition, you won’t have to worry about any monthly or maintenance fees. Visit TIAA Bank’s website and apply for a CD account online today! Are you looking for more ways to invest your money? If yes, then make sure to check out our complete list of the Best National CD Rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.