Certificates of Deposit

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

$0no monthly
maintenance fee



What you get

Checkmark   Low minimum opening deposit of $1,000
Checkmark   Choices — terms range from 6-months to 5 years
Checkmark   Competitive rates based on your balance tier: $0-$99,999.99 $100,000 - $249,999.99 $250,000 and above
Checkmark   Guaranteed rate throughout the term of your CD
Checkmark   Interest is compounded daily and credited to your account monthly.
Checkmark   Automatic renewal when your CD matures
Checkmark   The security of FDIC insurance

Today's Rates

CD Rates
Select Tier:
Term Interest Rate APY*
6 months 0.59% 0.60%
9 months 0.64% 0.65%
12 months
(1 year)
1.00% 1.01%
13 months 1.00% 1.01%
18 months 0.94% 0.95%
24 months
(2 years)
1.07% 1.08%
25 months 1.07% 1.08%
30 months 1.24% 1.25%
36 months
(3 years)
1.35% 1.36%
48 months
(4 years)
1.39% 1.40%
60 months
(5 years)
1.47% 1.49%

*Annual Percentage Yield

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    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 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 at TIAA Direct. 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 your $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 at TIAA Direct and a Certificate of Deposit at another bank, your deposits 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.


    • 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.

    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: The routing number for TIAA Direct is 081086700.

  • What’s a routing number?
  • How can I make deposits?
    How can I make a deposit
    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
    Interest Checking          
    High Yield Savings          
    Money Market Account          
  • 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?