TD Bank Money Market Account
in Money Market Accounts from TD BankClaimed
|APY||0.03% - 0.35%|
TD Bank Money Market Account Review
TD Bank was the 9th largest bank by assets in 2015. It had $241.1 billion in assets, 8.5 million customers, 24,370 employees, and 1,322 branches in 15 states. The bank was established in 1852 as Portland Savings Bank. The bank grew through a series of mergers and changed its name to Peoples Heritage Bank in 1983. In 2009, the TD Bank Group of Toronto bought the bank. Its international headquarters are now located in Toronto, Canada, but it still has U.S. headquarters in Cherry Hill, New Jersey, and Portland, Maine. TD Bank has a four-star rating with Bauer Finacial and an A+ BBB rating.
What Are TD Bank’s Checking And Savings Accounts Like?
TD Bank has three primary checking accounts: TD Simple, TD Convenience, and TD Premier.
TD Simple has a $5.99 monthly fee but no minimum balance. It doesn’t earn interest, but it includes online and mobile banking, Bill Pay, free access to an extensive ATM network, and a debit card.
TD Convenience has a $15 monthly maintenance fee that can be waived with a minimum balance of just $100. As well as the features offered by TD Simple it also includes rate discounts on TD loans and mortgages.
TD Premier has a $25 monthly maintenance fee you can avoid by maintaining a $2,500 minimum balance. Account holders get their TD, and Non-TD ATM fee waived and receive a 0.05% APY on their balance.
TD Bank has three primary savings accounts: TD Simple Savings, TD Growth Money Market, and TD Select Savings.
TD Simple Savings has a $5 maintenance fee ($5 if you opt for online only statements) you can waive if you have a $300 daily balance or a linked checking account and a recurring transfer of at least $25. The interest rate is 0.05%.
TD Growth Money Market pays tiered interest ranging from 0.05% to 0.35% depending on your balance. The monthly maintenance fee is $12, but it is waived if you have a minimum daily balance of $2,000, or you’re 62 or older.
TD Select Savings has a $15 monthly maintenance fee that is waived if you have a minimum daily balance of $15,000. Interest rates are tiered from 0.1% to 0.45% depending on your balance. Non-TD ATM fees are waived and receive free money orders.
What Are The Advantages and Disadvantages Of TD Bank’s Checking And Savings Accounts?
What we love about TD Bank:
- Simple fee schedule
- Large ATM network
- Competitive interest rates
- ATM fees are waived for prime customers
- Easy to waive monthly fees
What we don’t like about TD Bank:
- Low-interest rates
- Minimum balances and monthly maintenance fees
- Only customers with large balances receive prime features
2035 Limestone Road
Wilmington, DE 19808 USA
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Other Services by TD Bank
- Washington, DC
- New Hampshire
- New Jersey
- New York
- North Carolina
- Rhode Island
- South Carolina