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March 29, 2015 08:16:39 PM
In reply to debbie, worcester
Good afternoon and thanks for stopping by TD Helps today, Debbie! We'll be happy to answer this for you.
Generally speaking, a standard Certificate of Deposit account (Basic, No-Catch CDs, etc) cannot be converted into an IRA account. With that being said, at the next maturity date of your existing CD(s) you would have the option to close that CD out; then you could use the funds to re-open a new IRA product with us. At your next maturity date, you would have 10 calendar days to step inside your nearest TD Store location to inquire about this and complete the appropriate paperwork before your existing CD(s) would automatically rollover. Please find the nearest Store location in your area here: http://bit.ly/1f9DSJR. Please note, although it is not necessary, we do recommend reaching out to the Store before you stop in to schedule an appointment.
We're also glad to hear that you're interested in our IRA products when planning for your future, and we invite you please visit here: http://bit.ly/1mD87iu for more details and to compare the different IRAs that we offer! We would also be happy to answer any questions you may have about our IRAs over the phone – feel free to call our IRA Department at 800-231-8193 Mon-Fri 8:00am-6:00pm ET, and Sat 9:00am-1:30pm ET.
If you are looking to make these changes right away and you wish to withdrawal funds from a CD, even one that has not completed its full term, you may do so at any TD Store with a proper ID (Driver's License, State ID, or Passport). Additionally, if the CD has not yet matured, please be aware that there may be a penalty for early withdrawal; we invite you to take a look here: http://bit.ly/1qAWAk0 for more information.
Please feel free to come back to TD Helps with further questions, Debbie, and we thank you for stopping by!
Cameron P, Mount Laurel
March 29, 2015 08:17:28 PM