Like the rest of Canada’s big banks, TD offers mortgages as one of its various financial products. With competitive rates and a variety of terms and mortgage solutions, TD should definitely be on your list when comparison shopping.
But there’s not a whole lot to get excited about when looking at TD fixed rate mortgages. Interest rates are competitive, sure, but there are few other features or incentives besides.
TD closed fixed rate mortgages features
Here’s what TD has to offer in terms of fixed rate mortgages.
Why You Want It
120-day rate guarantee + Convenient mortgage calculator.
Special Features
- High-Ratio mortgages available
Provinces
ALL
Mortgage Rates
Fixed Closed
1 Year
6.09%
2 Years
5.39%
3 Years
6.05%
4 Years
5.99%
5 Years
6.09%
6 Years
6.29%
7 Years
6.4%
10 Years
6.8%
Features
Rate Type
Fixed Closed
Pre-approval
Rate Guarantee (days)
120
Bank Prime Rate
4.45%
# Of Prepayments Allowed Per Year
See Issuer for Details
% Of Prepayment Allowed
15%
# Of Payment Increases Allowed Per Year
See Issuer for Details
Max Payment Increase Allowed
100%%
Promotion Available
N/A
Promotion End Date
See Issuer for Details
TD closed fixed rate mortgages rating: 4.6 stars
TD fixed rate mortgages earned fairly high rating for a few reasons. Their offerings aren't exceptional but still impressive, with rates and features similar to the other big banks.
TD earns points for having high-quality affordability and mortgage calculators as well as a wide range of term options. But
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
The pros of TD closed fixed rate mortgages
TD fixed rate mortgages have a few things going for them.
Pros
TD mortgage rates are competitive
As one of Canada’s big banks, TD offers mortgage rates that are similar to those offered by its main competitors, occasionally even being slightly lower. On the other hand, there are some non-traditional lenders, such as Tangerine, that offer significant savings over the big banks.
Available TD mortgage insurance
When you get a TD mortgage, you’ll have the opportunity to sign up for life or critical illness insurance that will cover your mortgage should you fall ill or pass away before it is paid off. This can give you some added peace of mind, particularly if you’re getting older. It’s not free, of course, but the TD mortgage calculator gives you a good idea of how much it will cost, and works that into your mortgage payments for you.
The TD mortgage calculator is great
If you’re shopping for a mortgage it can be a little confusing to figure out just how much each one will end up costing in the end based on term, rates, amortization, and all the rest. Not only does the TD mortgage calculator show you precisely how much you’ll pay based on various numbers, you can even compare a number of different mortgages side-by-side. It’s a nice feature, and lets you really understand how your mortgage will work.
TD affordability calculator is worth a look
And if you’re not sure how much mortgage you can afford, the TD affordability calculator is worth playing around with. You enter in some basic financial information and it will suggest how much of a mortgage you can afford, including the monthly payment. Once you have this, you can adjust the amount and type of mortgage until you’re at a monthly payment you’re comfortable with. There’s even a handy button to start the pre-approval process right there on the page.
The cons of TD closed fixed rate mortgages
You have to keep an eye out, as well.
Cons
Strict credit requirements
This is pretty standard among big banks, but TD isn't known for offering mortgages to those with lower credit scores. If you're set on getting a mortgage from TD, you'll need a decent credit score of about 680 or higher.
TD closed fixed rate mortgages alternatives
Not sure if a TD fixed rate mortgage is for you? Here’s how it stacks up against some competitors.
 |  |  |  | |
|---|---|---|---|---|
| Account | TD Closed Fixed Rate Mortgage | nesto | Meridian Closed Fixed Mortgage | CIBC Open Variable Mortgage |
| Genius Rating | ||||
| Why You Want It | 120-day rate guarantee + Convenient mortgage calculator. |  $350 GeniusCash + Get the lowest rate guaranteed + 150 day rate lock
| Get up to 5% cash back + Competitive rates and excellent customer service. | Option to convert to a fixed mortgage + Make additional payments of any size. |
| Mortgage Rates | Fixed Closed
| Fixed Closed
| Fixed Closed
| Convertible
Variable Open
|
| Rate Type | Fixed Closed | Fixed Closed | Fixed Closed | Variable Open |
| Pre-approval | | | | |
| Rate Guarantee (days) | 120 | 150 | 120 | 120 |
| Bank Prime Rate | 4.45% | 4.45% | 4.45% | 4.45% |
| # Of Prepayments Allowed Per Year | See Issuer for Details | See Issuer for Details | Unlimited | 1 |
Show More | ||||
| See rates & details See more TD products Compare | I Want This Deal See more nesto products Compare | See rates & details See more Meridian Credit Union products Compare | Learn More See more CIBC products Compare |
FAQ
Are there any special rate TD fixed mortgages?
There are. TD currently offers 4.84% for a 3-year and 4.74% for a 5-year fixed closed mortgage, as well as a 5-year high ratio option with at a 4.49% rate. This is competitive with other big banks.
Is there mortgage insurance available from TD?
TD offers life and critical illness mortgage insurance, which you can sign up for when opening your mortgage and just pay as part of your regular monthly payment. If you’re someone who prefers to have that added peace of mind, it’s an easy and affordable thing to build into your TD mortgage.
Does TD have the best mortgage rates available?
TD’s mortgage rates are competitive with Canada’s other big banks, but aren’t as low as some non-traditional lenders. If you’re looking for the lowest possible rates, TD probably isn’t for you.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
Hot Money Deals This Month
- Get even more cash back with exclusive offers only available on the GeniusCash app
- Explore bigger GeniusCash offers that you won't find anywhere else.
- Connect your credit cards and unlock bonus cash.
- Explore customized recommendations to level up your rewards.
- Refer your friends and family to earn bonus levels and extra cash back.
- Take control of your money with a full-featured chequing account$ + $100 GeniusCash GeniusCash
- Get up to $700 in cash when you open a new account and complete specified actions.
- Unlimited free transactions – including debit and Interac e-Transfers®.
- Earn Scene+ points on every debit transaction.
- $100 GeniusCash on approval – ends April 30, 2026.*.
- Get up to $800 when you open a BMO Performance Chequing and Savings Amplifier account + $160 GeniusCash
- Earn up to $800 in bonus cash when you complete a few actions.
- Unlimited debit, Interac e-Transfers®, and more.
- Special rates for students, newcomers, and Canadian Defense community members.
- $160 GeniusCash on approval – ends April 30, 2026.*.
- Earn up to 3%% on your balance + $50 GeniusCash
- Earn a minimum of 2.25%% on any balance.
- Earn 3%% interest when you maintain a balance of $20,000 or more.
- Move your money whenever you want.
- $50 GeniusCash on approval – ends April 30, 2026.*.
- Bonus: Get one of the lowest brokerage rates from an online broker from a Big 5 Bank →
