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How Do TD Bank's Step Rate CDs Work? - top.loansnearme.orgPenalties for early withdrawal may apply. Fees may reduce earnings. Posted rates on this page are subject to change at any time without notice. To qualify for. Use our free CD penalty calculator to find out what an early withdrawal can cost you. Don't forget that the TD No-Catch CDs do allow for one penalty-free withdrawal per term. So if you can limit yourself to one early withdrawal.