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Image by Getty Images; Illustration by Bankrate June 23, 2022 Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. David Schepp is a wealth editor for Bankrate, focusing on deposits and consumer banking content. Bankrate logo The Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. TD Bank offers two savings account options. One of the accounts can be linked to another eligible TD Bank account to earn the highest interest rate offered, tiered to the account’s balance amount, but the rate is unremarkable. TD Bank is known for offering good customer service and solid digital banking tools, but if you’re looking for the , you will want to look elsewhere. earned a 3.5 out of 5 in Bankrate’s overall rating of the bank, while its most accessible savings account earned 2.7 out of 5 stars. TD Bank savings rates
TD Bank’s two savings account choices are the TD Simple Savings and TD Beyond Savings. With TD’s Simple Savings, there is a $5 monthly maintenance fee, though the fee is waived with a $300 minimum daily balance or if the account owner is either under age 24 or over 62. The Beyond Savings account charges a $15 monthly fee, which is waived with a $20,000 minimum daily balance. This account also waives non-TD Bank ATM fees. Here are the interest rates offered on TD Bank’s savings accounts. Account name APY Minimum deposit TD Simple Savings 0.02% $0 TD Beyond Savings 0.01% $0 Customers who link another TD Bank account with a Beyond Savings account are eligible for a relationship rate bump. Here are the bank’s tiered interest rates with the rate bump. Account name APY Minimum daily deposit to earn APY TD Beyond Savings 0.01% $0.01-$19,999.99 TD Beyond Savings 0.02% $20,000-$49,999.99 TD Beyond Savings 0.03% $50,000-$99,999.99 TD Beyond Savings 0.04% $100,000-$249,999.99 TD Beyond Savings 0.05% $250,000-$499,999.99 TD Beyond Savings 0.05% $500,000-$999,999.99 TD Beyond Savings 0.05% $1,000,000-$9,999,999.99 TD Beyond Savings 0.05% $10,000,000+ Note: Annual percentage yields (APYs) shown are as of June 22, 2022 and may vary by region for some products. How TD Bank savings rates compare to top-yielding banks
TD Bank’s Simple Savings account offers almost no interest. The bank’s Beyond Savings account, which requires a linked account and a $250,000 balance to earn the highest rate, pays less than . You can find savings accounts that pay more, especially at an online bank. For a higher interest rate, consider . Shop around to find the best rates to meet your more quickly. Other savings options at TD Bank
TD Bank offers a that pays less than the top TD Bank savings rate, and the yields offered for its aren’t much better. Those looking for an alternative to TD’s low savings rates may want to look elsewhere. Even its highest rate, which requires a linked account and a minimum $250,000 in savings, can be easily beat elsewhere. SHARE: Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. David Schepp is a wealth editor for Bankrate, focusing on deposits and consumer banking content. Related Articles