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?

Checking Accounts
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.

Savings Accounts
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

  • Branch
  • Online
  • Savings Interest Rate
  • Checking Interest Rate
  • Bauer Financial A+/A Rating
  • CDs
  • Checking
  • IRAs
  • Savings
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0 votes

A representative went to the hostiptal on a special trip to sign some banking documents as a coutesy for customers.

Bank tellers are always nice and helpful.

0 votes

I love TDBank! Talk about first class service. Every time I go into my branch the staff is so helpful and wonderful. Talk about a first class organization. I highly recommend TDBank to my family and friends.

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This has to be the worst bank I have ever dealt with. I will soon be closing my account with them. I have never seen so many fees with any other bank. TD SUCKS!

0 votes

I initially switched to TD Bank several years ago because they were convenient. They are now truly inconvenient. Worst customer service I have ever encountered in my 25+ years of banking experience

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This is the best branch in the system! I recently had my personal and business accounts transferred to this branch because of their excellent service. And its personal. They greet me by name when I come in, they always answer my questions, the manager and asst. manager are helpful.

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Horrible customer service! The fees are crazy and they make no sense. Hold your money then charge you for using it. Worse bank ever! Gladly leaving this bank and never looking back.

0 votes

I feel like it's a small town bank, I literally get everything done and have never left without any task being completed, from notary to deposits/withdrawals to money orders, wire transfers, safety deposit - all great.

0 votes

TD has poor customer service to their way of conducting business. I will not recommend anyone to trust this bank with their money. the worst back ever. Beware!!!!!!

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I have been banking here for over 10 years. I have never had an issue with this bank. The service is the best, they are so helpful. What I love the most is that they are open late and most holidays. Only wished they had more ATMs in other locations.

0 votes

I love TD Bank. They have always been great to talk to, and the branch hours and locations can't be beat, and this bank very convenient for this busy mom on the go

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I am satisfied with TD Bank, they are always professional, courtious and understanding and I wish there were more people like them in the banking business. Thank you!

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I am certainly content with TD bank and do not see myself switching for a long time coming. For new comers who are reading reviews to decide whether or not to switch, you won't know until you try!

0 votes

I have never had a problem with TD bank ever. I have always…ALWAYS been treated with respect not just in person but also over the phone. The customer service is not just convenient but also very helpful.

0 votes

I have only received excellent and friendly service for years. Where else can you drive up to the drive thru window and they greet you by name? They even send you a Birthday card.

0 votes

Been with TD for over a year, no need or reason to switch. This bank has 24/7 customer service, long branch hours and awesome mobile banking. I never want to bank anywhere else.

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