TD Bank Savings Account Interest Rates and Minimum Balance

TD Bank Savings Account Interest Rates

TD Bank presents a variety of savings account options designed to assist individuals in growing their savings. TD Bank's savings account interest rates for its primary savings account choices: the TD Simple Savings and the TD Signature Savings. These interest rates hold a significant influence on the growth of one's savings over time. Here's a table of  TD bank savings account interest rates:

TD Simple Savings Minimum Balance

The TD Simple Savings account offered by TD Bank is a basic savings option that stands out for its flexibility in terms of minimum balance requirements. Unlike many savings accounts that require a substantial initial deposit, this account has no minimum balance required to open. This feature makes it particularly accessible for individuals who are new to saving or may not have a significant amount of money to deposit initially.

However, it's important to note that while there's no minimum to open the account, there is a monthly maintenance fee, which can be waived through various means, including maintaining a minimum balance of $300, being under 18 or over 62 years old, or setting up a recurring transfer of $25 or more from a linked TD Bank checking account.

TD Bank High-Yield Savings

The TD Bank High-Yield Savings account is tailored for customers looking to maintain a balance of $10,000 or more while maximizing their earnings through tiered interest rates.

With a minimum deposit requirement of $0.00 for account opening and a monthly maintenance fee of $15.00 (reduced to $14.00 with online statements or waived for customers aged 62 and older), it offers a range of convenient features, including free online and mobile banking, free direct deposit, a free ATM card, and free online statements.

This account also includes overdraft options for ATM cards, such as TD Debit Card Advance, which helps customers avoid overdraft fees by declining transactions that could overdraw the account. Additionally, the account provides various services, including free checks, money orders, official checks, and support for stop payments, though some fees may apply for certain transactions and services.

TD Bank outlines its funds availability policy and processing order, ensuring transparency in account operations. Customers seeking to open a TD Bank High-Yield Savings account are encouraged to review the most up-to-date terms and conditions provided by TD Bank or consult with the bank for further details.

What is TD Bank's Simple Savings Withdrawal Limit?

The TD Bank Simple Savings account, designed for those looking to start their savings journey, comes with a notable withdrawal limit. Account holders are allowed up to six pre-authorized withdrawals or transfers each month. It's crucial to bear in mind that exceeding this limit incurs a fee of $9 for each additional transaction, a standard regulation aimed at encouraging responsible saving.

While this restriction may pose some inconvenience for those needing frequent access to their funds, careful planning of withdrawals can help account holders avoid extra charges and make the most of their TD Bank Simple Savings account. It's a practical choice for individuals looking to initiate their savings efforts and minimize unnecessary expenditures.

What Are TD Bank's Other Savings Options?

TD Bank offers a range of savings options beyond their standard savings accounts. For instance, they provide bump rate CDs with competitive yields, which can be an attractive choice for those looking to secure a higher interest rate on their savings.

However, it's worth noting that TD Bank's standard CD yields may not be as competitive as those offered by some online banks. So, customers seeking the highest possible interest rates may want to explore other banking options to better meet their savings goals.

How to log in to TD Bank Online?

Step 1: The user should open a web browser and navigate to the TD Bank website, www.tdbank.com.

Step 2: On the homepage, the user should look for and click on the "Log In" option, usually located in the top-right corner of the page.

Step 3: This action will take the user to the Online Banking login page, where they will be required to input their login credentials.

• The user should enter their registered user name or the username associated with their TD Bank online banking account.
• The user must enter their password. It's important to use a secure and unique password.

Step 4: The user has the option to select the "Remember me" feature if they want the website to remember their login credentials for future visits. It is advisable to only use this option on a private and secure computer.

Step 5: To proceed, the user should click the "Log In" button.

Step 6: If the user has entered their login credentials correctly, they will be logged in to their TD Bank online banking account. This grants access to account information, transactions, and various banking services.

That concludes the steps for successfully logging in to a TD Bank online banking account or obtaining information on how to do so. Users should always remember to log out and close the browser when finished with their banking activities for enhanced security.

TD Bank Customer Service

Banking by phone becomes effortless for customers with TD Bank's intuitive automated system, accessible around the clock by calling 1-800-937-2000. Customers can efficiently manage their accounts, access crucial information, and conduct transactions in either English or Spanish, providing a seamless experience.

For those who prefer a more personal touch, TD Bank offers dedicated live customer service support, available 24/7 at 1-888-751-9000 in both English and Spanish. Customers can count on receiving prompt assistance from a professional representative, ensuring that their banking needs are met at any time.

Are There Fees Associated With TD Bank's Savings Accounts?

No, there are no fees associated with TD Bank's Simple Savings account if you meet certain conditions, such as maintaining a $300 minimum daily balance, linking the savings account to a TD Beyond checking account, being under 24, and linking it to a TD Convenience Checking account, or making recurring transfers of $25 or more from your linked TD bank checking account.

TD Bank offers two primary savings account options: the TD Simple Savings and the TD Signature Savings. The TD Simple Savings account carries a $5 monthly maintenance fee, which can be waived through various methods, such as maintaining a $300 minimum daily balance or linking it to a TD Beyond checking account.

On the other hand, the TD Signature Savings account charges a $15 monthly fee, which can be avoided by maintaining a $10,000 minimum daily balance, opening the account as an IRA, or linking an eligible TD Checking account. While TD Bank provides options to waive these fees, it's essential for customers to consider their account balance and banking preferences to determine the most suitable savings account for their needs.