TD Bank’s savings accounts tend to be best for existing TD Bank customers with substantial savings who can qualify for the higher annual percentage yields (APYs) of up to 4%. Otherwise, the rates are below average, so you can likely find an 澳洲幸运5官方👍开奖结果体彩网:account with a higher APY elsewhere. 

Compare TD Bank Savings Accounts

TD Bank’s rates are attractive for some balance ranges, but the best APYs will be out of reach for most people. Compare TD Bank to some other high-yield accounts below to find the right savings option for you.

TD Bank Savings Accounts: Key Features

As the ꦆname implies, the TD Simple Savings account is a basic, barebones savings account. There’s no minimum deposit to open an account, so it’s useful for those who are new to saving. 

There is a month𓃲ly maintenance fee, but there are several ways you can have that fee𝓀 waived: 

• You’re under 18 or over 62.
• For the first year, the fee is waived if you have a recurring transfer of $25 or more from a linked TD Bank checking account.
• You maintain a minimum balance of $300.

The account does earn interest, and interest is compounded monthly. However, the APY on the TD Simple Savings account is quite low. In fact, it’s significantly lower than the national average (0.41%, as of April 24, 2025), so you can likely find a bank with a high-yield savings account that offers APYs several times higher. 

You should also be aware that you are limited to six pre-authorized withdrawals or transfers per month. If you make additional transfers, TD Bank will charge you $9 per transaction. 

The TD Signature Savings account is a high-yield savings account for those who have a substantial amount of money. Interest on the account is compounded monthly. 🔥

The Signature Savings account without a relationship rate has a lower-than-av🀅erage APY until you have $250,000 or more in the account. 

You can qualify for a relationship rate bump if you are a TD Bank customer with a connected 澳洲幸运5官方开奖结果体彩网:checking account or credit card. 🎃The relationship rate bump offers a much higher APY on balances of $10,000 or more, but you’ll still need to save $100,000 before you’ll qualify for the best possible APY. 

The TD ꦬSignat෴ure Savings account has a $15 monthly maintenance fee, which can be waived in the following ways: 

• Maintain a minimum daily balance of $10,000 or more
• Link an eligible TD Bank checking account
• Open the account as an 澳洲幸运5官方开奖结果体彩网:indiv🅰idual retirement account (IRA)
  

Pros and Cons of TD Bank Savings Accounts

Pros Explained

• Monthly fee waiver option: TD Bank will waive the $5 monthly service fee for the Simple Savings account if you maintain a minimum balance of just $300, if you’re under 18 or over 62, or if you have a recurring transfer of $25 or more from a linked TD Bank checking account. 
• No minimum deposit requirement to open: Each of TD Bank’s savings accounts, Simple Savings and Signature Savings, have no minimum deposit requirement to open, making them relatively accessible.
• Current TD Bank customers can qualify for relationship rate bump: If you link a TD checking account or credit card to your TD Signature Savings account, you could qualify for a higher APY.

Cons Explained

• Interest rates are not very competitive: The APY on the TD Simple Savings account is very low, usually much lower than the national savings account average.
• Large balance required to access highest APY: To get the highest APY on a TD Signature Savings account, you’ll need a balance of at least $100,000 in your account.
• Fees for going over six withdrawals per month: After you’ve hit your limit of six monthly withdrawals, TD Bank charges $3 for each additional withdrawal.
  

About TD Bank: Other Savings Options

TD Bank allows you to open a new savings account online. And if you are an existing TD Bank customer and link an eligible checking or credit account, you can qualify for a relationship interest rate boo🐓st. 

Despite only being available in a few states, TD Bank is the 10th largest bank in the country. It offers a variety of financඣial products, including credit cards, personal loans, mortgages, and savings and checking accounts. 

Only residents of certain states can open a TD Bank savings account. TD Bank only operates in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington, D.C. 

Besides its savings accounts, 澳洲幸运5官方开奖结果体彩网:TD Bank also offers certificates of deposit🌱 (CDs). Existing TD Bank customers can qualify for ꦯa CD with a much higher-than-average APY, but the highest APYs are only available on s🍌ome CD terms. TD Bank has other options in addition to standard CDs, including those that allow for a penalty-free withdrawal. 

TD Bank occasionally has 澳洲幸运5官方开奖结果体彩网:special offers for its dep🦋osit accounts, including savings accounts and CDs, allowing you to earn a bonus for opening a new account and completing certain activities. 

Alternatives to TD Bank Savings Accounts

• Other high-yield savings accounts: You can find much higher savings account rates from other institutions. See the best high-yield savings accounts to check your options and see how much you could earn.
• Certificates of deposit (CD): You could invest your money in a CD for anywhere from a month to several years to get a guaranteed return on investment. Unlike savings accounts, CDs have a fixed APY for their entire term. Keep in mind, however, that you’ll be charged a penalty if you withdraw your cash before the CD matures. Check the 澳洲幸运5官方开奖结果体彩网:best CD rates available today to see if one might fit better than a savings account.
• Money market accounts: Some 澳洲幸运5官方开奖结果体彩网:money market accounts come with competitive interest rates, as well as the ability to write checks and take out cash at an ATM with a debit card. Some of these accounts, however, come with higher fees or minimum balance requirements than a regular savings or checking account, so check the terms carefully. 
• I Bonds: If you don’t need access to your savings for at least a year, consider investing in U.S. government I bonds to protect your cash from losing value due to inflation. But take the time to check rates against bank deposit accounts, especially CDs, which also require a commitment to keeping your money in one place.
• Checking accounts: For easy access to your cash, as well as check-writing abilities and a debit card, consider opening a checking account. Some institutions offer 澳洲幸运5官方开奖结果体彩网:high-yield checking accounts with competitive interest rates. Unlike some savings accounts, checking accounts don’t limit the number of withdrawals you can make per month, and allow you to make ATM withdrawals and deposits.
  

Frequently Asked Questions (FAQs)

Your Guide to Savings Accounts

• 澳洲幸运5官😼方开奖结果体彩网:What Is a Savings Account and How Does It Work?
• 澳洲幸运5官方开奖结果体彩网:What Is a High-Yield Savin🌳gs Accou👍nt?
• 澳洲幸运5官方开奖结果体彩网:How 🎃to Open a High-Yield Savinꦛgs Account
• 澳洲幸运5官方开奖结果体彩网:How to Close a Savings Account
• Besides a Savings Account, Where I💝s the Safest Place to Keep My Money?
• 澳洲幸运5官方开奖结果体彩网:How Many Savings Ac🉐counts Should I Have?
• 澳洲幸运5官方开奖结果𒈔体彩网:How Savings Account Intꦬerest Rates Are Determined
• 澳洲幸运5官方开奖结果体彩网:How Interest Works on Savings Accou🐽nts
• 澳洲幸运5官方开奖结果体彩网:How Is a Savings Account Taxed?
• Money Mark𓆏et Fund vs. MMA vs. Savings Account: What’s the Difference?
• Cer꧙tificates of Deposit (CDs) vs. Savings Aಞccounts: Which Is Better for You?
• 澳洲幸运5官方开奖结果体彩网:4 Savings Accounts for Investors
• 澳洲幸运5官方开奖结果体彩网:Best High-Yield Savings Accounts
• 澳洲幸运5官方开奖结果体彩网:Best Free Savings Accounts
• 澳洲幸运5官方开奖结果体彩网:Best Savings Ac�🌸�counts for Kids and Teens