CD Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20% - 0.65%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $1,000
Certificate Term
- 3 months
- 6 months
- 9 months
- 12 months
- 18 months
- 2 years
- 30 months
- 3 years
- 4 years
- 5 years
TIAA Bank Basic CD Review
TIAA Bank Basic CD are offered by TIAA Bank, a bank founded in 1918 and based in New York, NY. TIAA CD are available in 50 states and Washington, DC.
Key Takeaways
- Small selection of CD account types. TIAA CD only offers bump up and traditional CDs.
- Low APY. The maximum annual percentage yield for this account is only 0.65%.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. TIAA CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of TIAA Bank Basic CD
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TIAA Bank Basic CD FAQ
Are CD from TIAA Bank federally insured?
Yes, your TIAA Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does TIAA Bank offer?
TIAA CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
What rates does TIAA Bank offer on its CDs?
TIAA CD offers an APY starting at 0.20% and ranging up to 0.65%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does TIAA CD offer?
TIAA Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.20% - 0.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with TIAA Bank?
TIAA CD require a minimum deposit of $1,000 to open an account.
What is the grace period for TIAA CD?
There is a 10-day grace period for TIAA CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does TIAA Bank charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
TIAA Bank charges an early withdrawal fee.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
8:00AM - 9:00PM
Tuesday
8:00AM - 9:00PM
Wednesday
8:00AM - 9:00PM
Thursday
8:00AM - 9:00PM
Friday
8:00AM - 9:00PM
Saturday
Closed
Other Services by TIAA Bank
Other CD Accounts from TIAA Bank
Rating not yet determined
APY (Annual Percentage Yield)
0.70%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $1.5K
Certificate Term
42 months
Rating not yet determined
APY (Annual Percentage Yield)
0.5% - 1.60%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $5K
Certificate Term
- 3 months
- 6 months
- 9 months
- 12 months
- 18 months
- 2 years
- 30 months
- 3 years
- 4 years
- 5 years
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
-100
-1000+100
No one recommends
Everyone recommends
TIAA Bank Basic CD Community Reviews
Would you recommend TIAA Bank Basic CD to your friends?
DB
Daniel B.
May 17, 2023
May or may not recommend
Terrible customer service. When I protested no notice for closing out my account for non-use
before or after the closure and forfeiture I waited for hours for a manager. I have never seen a
bank abuse its trust so casually. No hope of standard courtesies from these people!
Showing 1 of 1 reviews
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