TD Bank Simple Savings Account

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.02%.
• $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$300.
• No minimum initial deposit. There is no minimum balance required to open an account online.
• No ATM fees. TD Bank Simple Savings Account does not charge fees on ATM transactions .

TD Bank Simple savings account Pros & Cons

TD Bank Simple savings account FAQ

Are savings accounts from TD Bank savings accounts federally insured?

Does TD Bank offer a signup bonus?

What is the minimum initial deposit for TD Bank Simple savings account?

There is no minimum deposit to open a TD Bank Simple savings account.

What APY does TD Bank Simple Savings Account offer?

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 TD Bank Simple savings account charge?

• 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.

What features and perks does TD Bank Simple savings account offer?

• Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
• Fraud monitoring - TD Bank Simple savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Mobile Banking Services - TD Bank Simple 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 TD Bank Simple savings account?

What is the customer support email for TD Bank Simple savings account?