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TD Bank Simple Savings Account

in Savings Accounts

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TD Bank Simple Savings Account

Unaffiliated

in Savings Accounts

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Overview

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 ($4 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 0.05% 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

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...

Contact

  • Headquarters
  •   2035 Limestone Road
    Wilmington, DE 19808 USA
  •   Visit Site

Other Services by TD Bank

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  Available in 15 states and Washington, D.C.
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Maine
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Vermont
  • Virginia

Feature Breakdown

Minimum Direct Deposit to Avoid Monthly Fee
$25
List of Fees
Monthly Fee
$0 - $5
Returned Deposit Fee (Domestic)
$15
Wire Transfer Fee - Domestic (Outgoing)
$25
Wire Transfer Fee - International (Outgoing)
$40
Bauer Financial A+/A Rating
 
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee
Percentage
APY
0.05%
  0% 6%

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TD Bank Savings Accounts

Product

Reviews

Monthly Fee

APY

APY Minimum Balance

TD Bank Preferred Savings Account

TD Bank Preferred Savings Account

Be the first to rate

Monthly Fee $0 - $15     $0 $25
APY 0.05% - 1.45%     0% 6%
APY Minimum Balance N/A APY Minimum Balance