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  TCF Elevate Savings
TCF Elevate Savings
in Savings Accounts from TCF Bank · Member FDIC
Unaffiliated

TCF Elevate Savings

Unaffiliated
in Savings Accounts from TCF Bank · Member FDIC
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Highlights
Monthly Fee $0 - $10
APY (Annual Percentage Yield) 0.05% - 0.25%
Minimum Balance to Earn APY $1,000

TCF Elevate Savings Review

TCF Elevate Savings is offered by TCF Bank, a bank founded in 1923 and based in Sioux Falls, SD. TCF Elevate Savings is available in 50 states (and Washington, DC).

Key Takeaways

  • Bonus offer. Open a new account and you can get
  • Higher than average APY. TCF Elevate Savings has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $1000 to earn that interest rate.
  • Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $5,000.

TCF savings account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Higher than average wire transfer fees.
  • Monthly service charge.

TCF savings account FAQ

Are savings accounts from TCF Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does TCF Bank offer a signup bonus?

TCF savings account has a signup bonus of $0.

What is the minimum initial deposit for TCF savings account?

The minimum deposit to open a TCF savings account is $25.
TCF Elevate Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $5,000
Minimum Balance to Earn APY $1,000
Minimum Opening Deposit Starting at $25

What APY does TCF Elevate Savings offer?

TCF savings account offers a variable APY starting at 0.05% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).

What fees does TCF savings account charge?

TCF savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $5,000.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $15 fee.
  • TCF savings account charges $2 every time you request a paper statement.

What features and perks does TCF savings account offer?

This savings account includes the following features:

  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - TCF savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to TCF savings account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for TCF savings account?

The customer support email for TCF savings account is tcfbank.support@upstart.com.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

Other Services by TCF Bank

Icon for Savings Accounts
View all savings accounts offered by TCF Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $5,000
Minimum Balance to Earn APY $1,000
Minimum Opening Deposit Starting at $25
Monthly Fee $0 - $10
International ATM Surcharge $5
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $50
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $20
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Debit Card
  • Branch Access
  • Member FDIC
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.05% - 0.25%

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