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I am looking around for the CD products and have a few questions about how interest is handled. Is interest paid on a monthly or quarterly basis? My second question is if interest is paid based at the end of the calander month or based on the day of opening.
Thank you in advance for your help!
John, Fairfax, VA
April 2, 2015 11:31:03 AM
In reply to John, Fairfax, VA
Hi John, welcome to the TD Helps community. We are happy to provide you with further details on the interest for CDs.
Interest is accrued on all deposits as of the day the account is opened and is compounded monthly on the cycle date. If you have any additional questions please let us know by submitting a new question. You're also able to call us 24/7 at 888-751-9000 to speak to a Banking Specialist. As always, you're invited to visit a TD location during lobby hours for additional help. To find a TD nearby check out our locator here: http://bit.ly/TDStores.
We hope this helps, John and please have a great day!
Colleen B, Mount Laurel
April 2, 2015 11:31:50 AM
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