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TD Raises Fixed Rates

TD-BankJust nine days after RBC cut posted rates to new lows, they’re headed back up.

TD is raising fixed rates 15-25 basis points, effective tomorrow. The posted 5-year fixed is going from 5.19% to 5.44%.

This is the first such increase in almost six months.

Other banks typically follow competitors’ posted rate moves within 1-2 days. However, there’s still time today to lock in your rate holds (or rate floats, if you’re a broker).