TD Bank leaves no stone unturned with its online banking offering. You can choose between various checking, savings, and CD account options. Promotional APYs are often available, while bonuses can be attained if you meet certain requirements after opening a new account. Most account options have criteria that you can meet to avoid paying monthly maintenance fees, while other great perks are often available.
Features Benefits & Rewards
Welcome bonuses on certain accounts
TD Convenience Checking
This is one of the most popular account options at TS Bank. There are no monthly fees if you maintain a daily balance of at least $100. You can also avoid the $15 monthly fees if you’re a young adult or student. There is currently an offer that allows you to earn $200 when you have $500 worth of qualifying direct deposits within 60 days of opening the account.
TD Beyond Checking
With this account option, you can avoid the monthly fee of $25 if you have set up direct deposits of at least $5,000 during a statement cycle, keep a $2,500 minimum daily balance, or have a combined $25,000 balance across all your TD Bank accounts.
You can earn interest on your deposits and there are certain fee reimbursements available, including two free overdrafts a year. There is currently an offer that allows you to earn $300 when you have $2,500 worth of qualifying direct deposits within 60 days of opening the account.
TD Signature Savings
You can avoid the $15 monthly fee with this account option if you keep a daily balance of at least $10,000 or link your savings account to a TD Beyond Checking account. You will earn an APY on a tiered basis, with it starting at 0.01% and rising to 0.05% on a standard basis and between 0.01% and 3% on a bump rate basis.
You can get reimbursed ATM fees once you keep the minimum account balance. As a welcome offer, you can get $200 when you deposit at least $10,000 within 20 days of opening your account and then maintain a balance of at least $10,000 for 90 days after meeting the deposit requirement.
TD Simple Savings
This is the basic type of savings account available at TD Bank. You can avoid the $5 monthly fee if you keep a $300 or more daily balance, link your savings account to your TD Bank checking account, are within certain age ranges, or make consistent transfers. The standard APY on this account option is 0.02%. Free automatic transfers are available also.
As a welcome offer, you can get $200 when you deposit at least $10,000 within 20 days of opening your account and then maintain a balance of at least $10,000 for 90 days after meeting the deposit requirement.
TD Simple Checking
There is no minimum opening account deposit needed, with the monthly maintenance fee being $5.99. You have no way to waive the monthly fee. You don’t earn any interest and get access to free ATM transactions.
TD Essential Banking
This account option does not require you to deposit a certain amount when starting off. The monthly fee is $4.95 and it can only be waived if you are between 13 and 17 years old. No interest is earned and you can avoid ATM fees. There are no overdraft fees applied to this account option.
TD 60 Plus Checking
This is an account that is open to people who are at least 60 years old. There is no minimum opening deposit necessary, with the $10 monthly fee being waivable if you maintain a daily balance of $250. You will be able to earn interest on this account of 0.02% and flexible overdraft services are available.
Certificates of Deposit (CDs)
TD Bank offers a number of different CD term lengths. The main options are 6-month, 12-month, and 24-month options, but you can get up to 5-year term lengths. You also can choose between a no-catch CD, a promotional CD, and a step-up CD, which will each offer differing APYs.
A $250 minimum investment is usually necessary to get started with a TD Bank CD. Penalties are in place usually if you try to make early withdrawals, but some CDs may allow you to make one fee-free withdrawal.
- Available in all states