TIAA Bank Ups Short Term CD Rates
TIAA Bank CD rates on short term CDs, which were already some of the best CD rates available, were increased on Friday. The increases were small but since CD rates at TIAA Bank were already high the CD rates are even higher now.
1 year CD rates from TIAA Bank were increased from 2.73 percent to 2.79 percent. 18 month CD rates from TIAA Bank were upped from 2.77 percent to 2.82 percent. See how these new CD rates from TIAA Bank compare with other bank CD rates today.
TIAA Bank was the EverBank until TIAA bought the bank almost two years ago now. TIAA kept the Yield Pledge name on the CD accounts and continued offering some of the top rates around all the time. There is a minimum of $5,000 to open a Yield Pledge CD account.
These great rates are also available for IRA CD accounts if you are looking to keep your IRA principal safe during these troubled equity market times.
Another good point to make about TIAA's Yield Pledge CD account is the bank promises that the yield on your CD account at the time you open, renew, or roll your expiring CD into a new Yield Pledge CD will be in the Top 5% of competitive accounts.
This based on Bankrate Monitor National Index survey data from that week. "Competitive Accounts" are similar accounts from the 10 largest banks and thrifts in 10 large U.S. banking markets.