TD Bank Simple Savings Account Review

TD Bank Simple Savings Account is offered by TD Bank, a bank founded in 1855 and based in Wilmington, DE. TD Bank Simple Savings Account is available in 15 states (and Washington, DC).

Are savings accounts from TD Bank federally insured?

Yes, your TD 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.

What APY does TD Bank offer?

TD Bank Simple Savings Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What features and perks does TD Bank Simple Savings Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
• 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.

What fees does TD Bank Simple Savings Account charge?

TD Bank Simple Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

Avoid the monthly fee by setting up a direct deposit of at least $25.

• Outgoing domestic bank transfers come with a $25 fee.
• Outoing international bank transfers come with a $40 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.