![]() ![]() TD Bank also waives the fee if you meet the minimum daily balance requirement. To qualify for a fee waiver, you have to have a linked, eligible TD Bank checking account and a recurring transfer of $25 or more from a TD Bank account each month. Automatic savings transfersįirst, you can get the fee waived in the first year by setting up automatic transfers to your savings. The TD Simple Savings Account does have a monthly maintenance fee of $5 but there are a few ways to avoid it. Your efforts to save can backfire if you’re paying the bank big bucks in fees each month. Tip: Take a short quiz to find the best online savings account for you. Statements with check copies &/or deposit slips only TD Bank Simple Savings Account Fees TypeĮxcess pre-authorized withdrawals, transfers or checks If you plan to keep a higher balance in your account, a TD Select Savings Account is an alternative. You have to ask yourself what’s more important: a higher APY or convenience? The TD Simple Savings Account may have a lower rate but you may not have to jump through as many hoops to get to your money. If you want to deposit cash to an online bank, you may have to deposit it in another account first, then transfer it to your online savings. ![]() If you need to make a cash deposit to your savings at a regular bank, you can do it at the ATM, the drive-thru or the teller window. The tradeoff is that by putting your savings in an online account, you sacrifice the convenience of being able to visit a bank branch. That means they can pass their savings on to their customers by offering higher rates on deposit accounts. Online banks tend to have lower overhead costs than brick-and-mortar banks. An online bank, by comparison, may offer a better yield. The higher your rate, the faster you can build your savings. Interest rate is much lower compared to online savings accountsĬompared to other savings accounts, the APY you’ll get with the TD Simple Savings Account is on the low side.TD Bank Simple Savings Account Pros & Cons Pros You’ll earn the same APY whether you have $1,000 or $100,000 in your account. Earning Interest on Your Money With TD Simple SavingsĪs mentioned, the TD Simple Savings Account is an interest-bearing account. In this TD Bank Simple Savings Account review, we'll compare rates, fees, and services to other national and online banks. If you’re looking for a new home for your savings, the TD Simple Savings Account is one option. Zero ATM fees when you use TD Bank ATMs in the U.S.Free automatic transfers between accounts.This savings account comes with features like: and has more than 1,300 locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida so if you live in one of those areas, you’ve got ready access to your cash when you need it. TD Bank is one of the 10 largest banks in the U.S. The TD Simple Savings Account offers a stress-free way to build savings and earn interest on the money you’re socking away. Making savings a regular habit is a lot easier when you can watch your money grow in a savings account. Comprehensive Coverage Options Ways to Lock in Lower Homeowners Insurance Premiums How to Choose the Right Life Insurance Policy Compare the Different Types of Health Insurance Plans Popular Reviews Progressive GEICO State Farm AIG AllstateĪ savings account is a handy thing to have, especially when you run into a financial bind. Banking Best Products Best Savings Accounts Best Checking Accounts Best CD Rates Best Money Market Accounts Best Business Checking Accounts Best Student Checking Accounts Calculate Checking Accounts 101 Emergency Savings Calculator Compare CD Rates Checking Accounts Personal Loans Best Products Best Personal Loans Best Debt Consolidation Loans Best Home Improvement Loans Best Medical Expenses Loans Calculators & Guides Personal Loans Calculator Guide to Personal Loans Guide to Refinancing Student Loans How to Consolidate Credit Card Debt Popular Reviews Upstart Payoff Sofi Lending Club Investing Best Products Where to Invest Money Best Brokerages Best Robo Advisors Read & Learn Investing 101 How to Buy First Stock How to Invest in Mutual Funds How to Pick a Financial Advisor How Much to Save for Retirement Popular Reviews Betterment Merill Edge Wealthfront Insurance Best Products Best Auto Insurance Best Home Insurance Best Life Insurance Best Health Insurance Read & Learn Figure Out How Much Auto Coverage You Need Collision vs. ![]()
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