TIAA Bank CD Rates: Lock in a High Rate Before They Start to Drop!

TIAA Bank is offering exceptional short-term CD rates online, TIAA Bank CDs provide some of the highest CD rates available. The 9-month CD rates are currently at 5.00%, a rate higher than many 12-month CD rates. If you're looking for a slightly longer-term CD, 12-month CD rates at TIAA Bank are currently at 4.75%, also a quite attractive rate. This is the perfect time to lock-in a high CD rate, as rates are projected to drop later in the year.

TIAA Bank offering great CD rates doesn't stop with their 9-month and 12-month CDs, if you're looking for a longer-term CD, TIAA Bank's 60-month CD rate is at 3.95%. Locking in a high rate on a longer-term CD isn't a bad idea right now as rates are expected to start moving lower, if not this year sometime in 2024. Just think back to over a year ago when rates were much lower, the best CD rates were just over 1.00 percent, now you can lock in a rate of almost 4.00 percent for 5 years!

Regular CD accounts are not the only CD accounts offered at TIAA Bank. The bank also offers IntraFi Network Deposits CD Accounts (formerly CDARS). For those who don't know, these accounts allow consumers with large deposits keep their money insured by staying under the FDIC insurance limit of $250,000 per depositor per bank. Basically, one can open many CD accounts and their money is spread across multiple banks, to give you an idea the funding limit for a 3-month CD is $8 million.

Regular CD Rates at TIAA Bank

IntraFi Network Deposits CD Rates at TIAA Bank

Looking at TIAA Bank's CD rates, you can see that while their long-term CD rates are not the highest CD rates offered, this is normal these days because the yield curve on U.S. Treasuries is inverted, meaning short-term yields are higher than long-term yields.

To sum up, TIAA Bank's CDs are very good right now and you might not to pass up locking in a high CD rate. If you take action today and open a TIAA Bank CD, you can watch your savings grow. Remember, these high CD rates are probably moving lower this year or next, if rates do move lower, you'll feel smug locking in higher rates now!