Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content

TIAA Bank CD Rates for October 2022

Many or all of the products here are from our partners that pay us a commission. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

TIAA bank CD rates are among the highest we've seen. If you're interested in putting your money to work for you, TIAA bank CDs may interest you. These CDs require a minimum deposit, unfortunately, so they're not right for everyone. In this TIAA CD review, you'll learn more about TIAA Bank CD rates, see how they rank compared to the competition, and find out whether a TIAA Bank CD is right for you.

TIAA Bank CD rates for October 2022

TIAA Basic CD
  • 1 Year APY: 2.30%
  • 2 Year APY: 2.50%
  • 3 Year APY: 2.65%
  • 4 Year APY: 2.75%
  • 5 Year APY: 2.85%
Rates as of Sept. 28, 2022
Term
TIAA Basic CD
1 Year
2 Year
3 Year
4 Year
5 Year
2.30%
2.50%
2.65%
2.75%
2.85%

Compare TIAA Bank CD rates

TIAA Bank CD rates consistently rank towards the top of our best CDs list for several term lengths. Compare CD rates below to find the right CD account for your needs.

Rates as of Sept. 28, 2022
Lender
Account
1 yr. apy
2 yr. apy
3 yr. apy
4 yr. apy
5 yr. apy
Min. deposit
Early Withdrawal Penalty
Next Steps
Logo for Discover High Yield CD
Member, FDIC
3.00%
3.10%
3.15%
3.20%
3.30%
$2,500
Yes
Logo for CIT Bank CD
Member, FDIC
0.30%
0.40%
0.40%
0.50%
0.50%
$1,000
Yes
Logo for Marcus by Goldman Sachs High Yield CD
Member, FDIC
Marcus by Goldman Sachs High Yield CD
3.00%
3.10%
3.15%
3.20%
3.30%
$500
Yes

TIAA Bank CD review

TIAA Bank's CDs may be a good fit for your long-term savings. Below, we'll review the details you need to know to find out if this is the right option for you.

TIAA Bank Basic CD

PROS

  • Competitive rates
  • No monthly fees
  • Multiple term lengths

CONS

  • High minimum deposit

TIAA Bank Basic CDs pack in the trifecta of CD essentials, including competitive rates, no monthly fees, and a diverse range of terms from three months to five years. But keep in mind that TIAA Bank Online CDs do require a $1,000 minimum deposit to open. If you're just starting out with CDs, you may want to consider one of the many banks that offers a no-minimum CD.

Other TIAA Bank CD accounts

TIAA Bank also offers the following CD accounts:

  • Bump Rate CDs 
  • CDARS CDs

FAQs

  • A TIAA Bank CD is perfect for people with at least $1,000 to deposit into a CD account to earn high-yield interest. It's also a good option for people who prefer online and mobile banking access since TIAA Bank is a full-service online bank.

  • TIAA Bank CDs offer competitive interest rates at most term lengths regardless of CD type. TIAA Bank has a CD to match almost every customer's needs.

  • If you want to open a TIAA Bank CD, your best bet is to opt for a TIAA Bank Online CD, which earns the highest rate among TIAA Bank’s CD options. It does require a deposit of $1,000, but you'll be able to maximize your savings at a higher rate.

About the Author