SuperMoney
  TIAA Bank Yield Pledge CD

TIAA Bank Yield Pledge CD

in CD Accounts from TIAA Bank · fdic

Unaffiliated

TIAA Bank Yield Pledge CD

Unaffiliated

in CD Accounts from TIAA Bank · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend TIAA Bank Yield Pledge CD to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Minimum Opening Deposit Starting at $5,000
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.5% - 1.60%

TIAA Bank Yield Pledge CD Review

TIAA Bank Yield Pledge CD is offered by TIAA Bank, a bank founded in 1918 and based in New York, NY. TIAA Bank Yield Pledge CD is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.60%, which is much higher than the national average for a CD account.
  • High minimum deposit. You must deposit a minimum of $5,000, which is high compared to most CD accounts.
  • Wide selection of CD terms. TIAA Yield Pledge 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 Yield Pledge CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
TIAA Bank Yield Pledge CD FAQ

Are cd accounts from TIAA Bank federally insured?

Yes, your TIAA 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 TIAA Bank offer?

TIAA Yield Pledge 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.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but TIAA Yield Pledge CD offers a CD that is specifically for retirement.

What CD rates does TIAA Bank offer on its CDs?

TIAA Yield Pledge CD offers an APY starting at 0.5% and ranging up to 1.60%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does TIAA Yield Pledge CD offer?

TIAA Bank offers CD terms of the following lengths:
TIAA Bank Yield Pledge CD Rates & Terms
Description
2-Year APY 1.25%
3-Month APY 0.5%
3-Year APY 1.35%
4-Year APY 1.55%
5-Year APY 1.60%
6-Month APY 0.9%
12-Month APY 1.05%
APY (Annual Percentage Yield) 0.5% - 1.60%

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

TIAA Yield Pledge CD requires a minimum deposit of $5,000 to open an account.

What is the grace period for TIAA Yield Pledge CD?

There is a 10-day grace period for TIAA Yield Pledge 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 Yield Pledge 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.

TIAA Bank does not charge an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 TIAA Bank Yield Pledge CD

Your money will work harder and earn more with accounts backed by our Yield Pledge promise. Earn more with our Yield Pledge promise. Think bank accounts are all the same? Think again. Only TIAA Bank has the Yield Pledge promise, guaranteeing you some of the most competitive yields in the nation. Weekly monitoring — We compare our rates to data collected by Bankrate.com, who surveys nearly 5,000 banks and credit unions across the country.We rate shop for you — No more hopping from bank to bank. If our rates don’t produce a yield in the top 5% of Competitive Accounts, we automatically adjust them so you can rest easy. Explore all the ways we can help you reach your financial goals.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $5,000
2-Year APY 1.25%
3-Month APY 0.5%
3-Year APY 1.35%
4-Year APY 1.55%
5-Year APY 1.60%
6-Month APY 0.9%
12-Month APY 1.05%
APY (Annual Percentage Yield) 0.5% - 1.60%
CD Accounts
  • IRA
  • Jumbo
  • Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years

Be the first to rate

 

Would you recommend TIAA Bank Yield Pledge CD to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other CD Accounts

TIAA Bank CD Accounts

Loading...