Certificates of Deposit

Get a guaranteed rate for the length of time you want to save.

$0no monthly
maintenance fee

$1,000minimum
opening
deposit

$1,000minimum
balance

What you get

Today's Rates

CD Rates
Term Interest Rate APY*
6 months 0.85% 0.85%
9 months 0.93% 0.93%
12 months
(1 year)
1.44% 1.45%
13 months 1.00% 1.01%
18 months 1.51% 1.52%
24 months
(2 years)
1.69% 1.70%
25 months 1.07% 1.08%
30 months 1.49% 1.50%
36 months
(3 years)
1.90% 1.92%
48 months
(4 years)
1.98% 2.00%
60 months
(5 years)
2.23% 2.25%


*Annual Percentage Yield

Start banking with TIAA Direct.

What you can do

Start banking with us today.
Already a customer? Log in

Questions?

    How much of my deposits are insured?

    The standard amount of FDIC insurance is at least $250,000 per depositor at each insured bank. However, if you deposit money into different ownership categories—such as single and joint accounts— your deposits in each category are insured separately. As a result, it's possible for you to have deposits exceeding $250,000 in one bank and still be fully insured by the FDIC.

    For example, let's say that Sam and Sue have $1 million deposited with TIAA Direct (or with EverBank, or in accounts with both). To make sure that the entire amount is FDIC-insured, they could each open a single account and deposit $250,000. Sam and Sue could also open a joint account and deposit a total of $500,000; as co-owners, they would each own half of the balance, or $250,000. The table below shows how doing this would fully insure $1 million in deposits.

    Account Owner Balance Sam's Share Sue's Share Total FDIC Insurance
    Single Sam $250,000 $250,000 $0 $250,000
    Single Sue $250,000 $0 $250,000 $250,000
    Joint Sam & Sue $500,000 $250,000 $250,000 $500,000
    TOTAL   $1,000,000 $500,000 $500,000 $1,000,000
    Understanding FDIC Insurance Example Table

    FYI: To calculate your coverage, use the FDIC’s Electronic Deposit Insurance Estimator .

    FYI: Deposits you have in one FDIC-insured bank are insured separately from your deposits in another insured bank. For example, if you have a savings account with TIAA Direct or EverBank (divisions of the same bank—TIAA, FSB) and a Certificate of Deposit at another bank, your savings account and CD at each are insured separately for at least $250,000.

  • How much of my deposits are insured?
  • What’s required to open an account?

    To apply for an account, you must:

    • Be a U.S. citizen or permanent resident and at least 18 years old
    • Have a Social Security number
    • Provide the account and routing numbers of the account you want to use to fund your new TIAA Direct® account. You can find these numbers on a check or deposit slip. See the sample check below.

    paper check

    Note: If the account you’re using to fund your new TIAA Direct account doesn’t feature check writing, please call your other bank to obtain their routing number.

    FYI:

    • If you’re a U.S. citizen living abroad, you can open an account as long as you have a permanent U.S. address.
    • If this is a joint account, you both must be U.S. citizens or permanent resident aliens, at least 18 years old, with a:
      • U.S. mailing address
      • Social Security number

    During the process, you'll each need to answer a few questions and create your own user ID and password.

    If your co-applicant isn't there, open a single account instead. When you're both available,  call us to add the other person to your account.

  • What’s required to open an account?
  • What’s a routing number?

    It’s a 9-digit number that the American Bankers Association (ABA) assigns to U.S. banks, and it’s used for routing transfers and other transactions. A bank’s routing number is always in the lower left corner of a check. See the sample check below.

    Pay to the order of...

    Note: If the account you’re using to fund your new TIAA Direct account doesn’t feature check writing, please call your other bank to obtain their routing number.

    FYI: The routing number for TIAA Direct is 081086700.

  • What’s a routing number?
  • How can I make deposits?
    Make deposits to these TIAA Direct accounts via: Internal Transfers from TIAA Direct accounts External Transfers from non-TIAA Direct accounts Remote Deposits Mail-in Checks Wire Transfers
    How can I make a deposit
    Interest Checking  Yes    Yes  Yes  Yes
    High Yield Savings  Yes  Yes  Yes  Yes  Yes
    Money Market Account  Yes  Yes  Yes  Yes  Yes
  • How can I make deposits?
  • What should I expect after opening an account?

    Seven to 10 days after opening your account, you’ll receive your:

    • Welcome Kit. This includes important information about your account; personalized deposit slips for each account you’ve opened; a prepaid envelope (if your initial deposit will be by check); and a Signature Card (if you opened your account by phone).
    • Debit or ATM Card. You'll receive a TIAA Direct® debit or ATM card if you opened an Interest Checking, High Yield Savings or Money Market account. (ATM cards aren’t issued for CDs.)

    After funding your account, you’ll also receive a free set of starter checks, if you opened an Interest Checking or Money Market Account. If you opened a CD, you’ll get a letter confirming the term, balance, and the rate in effect when your CD was funded.

    FYI: To find nearby ATMs, use our ATM Locator .

  • What should I expect after opening an account?