Picture by Getty Photos; Illustration by Bankrate
TD Financial institution presents two financial savings account choices. One of many accounts could be linked to a different eligible TD Checking account to earn the best rate of interest supplied, however the tiered normal price is slightly unremarkable.
TD Financial institution is understood for providing high quality customer support and strong digital banking instruments, however should you’re searching for the best financial savings charges, you’ll want to look elsewhere.
TD Financial institution earned a 3.7 out of 5 in Bankrate’s total ranking of the financial institution, whereas its most accessible financial savings account earned 2.9 out of 5 stars.
TD Financial institution financial savings account rates of interest
TD Financial institution’s two financial savings account selections are TD Easy Financial savings and TD Signature Financial savings. With TD’s Easy Financial savings, there’s a $5 month-to-month upkeep payment, although the payment could be waived in a number of methods:
- Keep a $300 minimal each day steadiness.
- Hyperlink your financial savings account to a TD Past, TD Relationship, or TD Pupil checking account.
- In case you are below the age of 24 and hyperlink your financial savings to a TD Comfort Checking account.
- Make recurring transfers of $25 or extra out of your linked TD financial institution checking account
- In case you are below 18 years of age or older than 62.
- Should you open your financial savings account as an IRA.
The TD Signature Financial savings account expenses a $15 month-to-month payment, which is waived should you keep a $10,000 minimal each day steadiness, open the account as an IRA or hyperlink an eligible TD Checking account.
This account waives non-TD Financial institution ATM charges and reimburses out-of-network ATM charges when you’ve got a minimal each day steadiness of $2,500.
Listed here are the rates of interest supplied on the TD Financial institution Easy Financial savings account.
| Account identify | APY | Minimal deposit |
|---|---|---|
| TD Easy Financial savings | 0.02% | $0 |
Just like the Easy Financial savings account, you don’t want a gap deposit for the Signature Financial savings account.
Clients who hyperlink one other TD Checking account with a Signature Financial savings account are eligible for a relationship price bump. Listed here are the financial institution’s tiered rates of interest with the speed bump.
| Account identify | Customary APY | Bump Charge APY | Steadiness wanted for APY |
|---|---|---|---|
| TD Signature Financial savings | 0.01% | 0.01% | $0.01-$9,999.99 |
| TD Signature Financial savings | 0.05% | 2.00% | $10,000-$24,999.99 |
| TD Signature Financial savings | 0.05% | 2.25% | $25,000-$49,999.99 |
| TD Signature Financial savings | 0.05% | 2.50% | $50,000-$99,999.99 |
| TD Signature Financial savings | 0.05% | 4.00% | $100,000-$249,999.99 |
| TD Signature Financial savings | 0.05% | 4.00% | $250,000-$499,999.99 |
| TD Signature Financial savings | 0.05% | 4.00% | $500,000-$999,999.99 |
| TD Signature Financial savings | 0.05% | 4.00% | $1,000,000+ |
Observe: Annual share yields (APYs) proven are as of Feb. 12, 2024 and should differ by area for some merchandise.
How TD Financial institution financial savings charges examine to top-yielding banks
TD Financial institution’s Easy Financial savings account presents nearly no curiosity. The financial institution’s Signature Financial savings account, which requires a linked account and at the least a $100,000 steadiness to earn the best price, presents a a lot larger yield however nonetheless pays lower than top-yielding banks.
For the next rate of interest, think about a aggressive on-line financial institution. Store round to search out the very best charges to satisfy your financial savings targets extra shortly.
Different financial savings choices at TD Financial institution
TD Financial institution has some aggressive yields on its bump price CDs. Nevertheless, its normal CD yields are a lot decrease than lots of the greatest on-line banks.
