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  TCF Bank CD

TCF Bank CD

in CD Accounts from TCF Bank · fdic

Unaffiliated

TCF Bank CD

Unaffiliated

in CD Accounts from TCF Bank · Member FDIC

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Highlights
Minimum Opening Deposit Starting at $100
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 7 years
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 10 years
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months
  • 61 months
  • 6 years
  • 27 months
APY (Annual Percentage Yield) 0.03% - 0.20%

TCF Bank CD Review

TCF Bank CD is offered by TCF Bank, a bank founded in 1923 and based in Sioux Falls, SD. TCF Bank CD is available in 8 states across the USA.

Key Takeaways
  • Small selection of CD account types. TCF CD only offers traditional and jumbo CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.20%, which is much higher than the national average for a CD account.
  • Small minimum initial deposit. You only need $100 to open an account.
  • Wide selection of CD terms. TCF 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 TCF Bank CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in 8 states.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
TCF Bank CD FAQ

Are cd accounts from TCF Bank federally insured?

Yes, your TCF Bank cd accounts 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 TCF Bank offer?

TCF CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.

What CD rates does TCF Bank offer on its CDs?

TCF CD offers an APY starting at 0.03% and ranging up to 0.20%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does TCF CD offer?

TCF Bank offers CD terms of the following lengths:
TCF Bank CD Rates & Terms
Description
11-Month APY 0.03% - 0.05%
2-Year APY 0.10%
3-Month APY 0.03% - 0.05%
3-Year APY 0.20%
4-Year APY 0.20%
5-Year APY 0.20%
6-Month APY 0.03% - 0.05%
7-Year APY 0.20%
12-Month APY 0.5%
APY (Annual Percentage Yield) 0.03% - 0.20%

What is the minimum deposit to open a CD account with TCF Bank?

TCF CD requires a minimum deposit of $100 to open an account.

What is the grace period for TCF CD?

TCF CD does not specify what their grace period is. 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 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 TCF CD 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 CD term ends.

TCF Bank does not charge an early withdrawal fee.

TCF Bank does not seem to charge any of the fees we track.

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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.

Message From TCF Bank CD

Each TCF account is jam-packed with handy features to help you bank better. Explore CD rates that help you build your savings with a fixed rate for the term you select.
Earns interest. Earn a fixed, competitive interest rate on your certificate of deposit. Wide range of terms. Choose from 3 months to 10 years. CDs with longer terms typically have higher CD rates.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

Other Services by TCF Bank

Availability

  Available in 8 states
  • Arizona
  • Colorado
  • Illinois
  • Indiana
  • Michigan
  • Minnesota
  • South Dakota
  • Wisconsin

Feature Breakdown

Minimum Opening Deposit Starting at $100
11-Month APY 0.03% - 0.05%
2-Year APY 0.10%
3-Month APY 0.03% - 0.05%
3-Year APY 0.20%
4-Year APY 0.20%
5-Year APY 0.20%
6-Month APY 0.03% - 0.05%
7-Year APY 0.20%
12-Month APY 0.5%
APY (Annual Percentage Yield) 0.03% - 0.20%
CD Accounts
  • Traditional
  • Jumbo
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 11 months
  • 18 months
  • 9 months
  • 13 months
  • 15 months
  • 16 months
  • 7 years
  • 28 months
  • 42 months
  • 30 months
  • 19 months
  • 39 months
  • 58 months
  • 37 months
  • 59 months
  • 10 years
  • 25 months
  • 31 months
  • 43 months
  • 49 months
  • 55 months
  • 61 months
  • 6 years
  • 27 months

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