SuperMoney
  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

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend TCF Elevate Savings to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Monthly Fee $0 - $10
APY (Annual Percentage Yield) 0.05% - 0.25%
APY Minimum Balance $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
  • Higher than average APY. TCF Elevate Savings has an annual percentage yield of up to 0.25%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1000.
  • 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.
  • Bill pay. Pay your bills to practically anyone in the United States through TCF Bank.
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.
  • No ATM access to savings.
TCF savings account FAQ

Are savings accounts from TCF Bank federally insured?

Yes, your TCF Bank savings accounts 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
APY Minimum Balance $1,000
Minimum Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $25

What APY does TCF Bank offer?

TCF savings account offers an 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?

In most cases, the answer is yes. 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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

  • Headquarters
  •   2508 South Louise Avenue
    Sioux Falls, SD 57106
  •   Visit Site

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

APY Minimum Balance $1,000
Minimum Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $25
International ATM Surcharge $5
Monthly Fee $0 - $10
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $20
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $50
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Debit Card
  • Branch Access
  • FDIC Member
APY (Annual Percentage Yield) 0.05% - 0.25%

Be the first to rate

 

Would you recommend TCF Elevate Savings to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Savings Accounts

TCF Bank Savings Accounts

Loading...