Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
.01%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
N/A
TCF Power Savings Review
TCF Power Savings is offered by TCF Bank, a bank founded in 1923 and based in Sioux Falls, SD. TCF Savings account are available in 7 states.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only .01%.
- Charges a monthly fee. This account charges a monthly fee of up to $4.
- No ATM fees. TCF Power Savings does not charge fees on ATM transactions .
TCF Savings account Pros & Cons
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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 doesn't offer a signup bonus.
What is the minimum initial deposit for TCF Savings account?
The minimum deposit to open a TCF Savings account is $25.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does TCF Power Savings offer?
TCF Savings account offers an APY of .01% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. 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.
- 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.
- An overdraft on your account will trigger a $37 fee per item.
- TCF Savings account charges $2 every time you request a paper statement.
Does TCF Savings account charge overdraft fees?
Yes, TCF Savings account charges a $37 overdraft fee. TCF Savings account offers overdraft protection at a cost of $10 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
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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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