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It would be for my commercial tenant, and I would like it to be in the form of a short-term (90 day or 6 mo.) CD, set to roll over automatically if not withdrawn. Can you do this?
March 10, 2015 10:45:29 PM
In reply to Curt, NYC
Hey, Curt! We'd be happy to help.
A rental security deposit account is a type of Escrow account, which is used by landlords who are renting properties with long term tenants.
To open a Landlord/Tenant account, you're welcome to visit us at any TD Store. Please note that the Tenant does not have to be present at the opening of the account. If the Tenant is to be responsible for the taxes, please bring a completed W-9 form to the account opening. Here is a copy of the W-9 form: http://1.usa.gov/1gkV6oH, which can be printed and filled out ahead of time. When you visit one of our Stores, you also need to present valid identification, as well as copy of the Lease. Please click here: http://bit.ly/TDStores to find a list of TD Bank locations and hours you can visit to begin the account.
Keep in mind that Certificates of Deposit (CDs) are not eligible for this type of account. If you have any further questions, feel free to contact us 24/7 by dialing 888-751-9000 or by visiting a TD Store during lobby hours.
We hope this helps, Curt and have a good night.
Justin B, Mount Laurel
March 10, 2015 10:47:59 PM