Posted by William Charles on April 5, 2017
Rewards Checking

Published on April 5th, 2017 | by William Charles

1

TD Bank Up To 1.25% APY On Select Savings Account [CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA]



Offer at a glance

  • Interest Rate: 1.25% APY
  • Minimum Balance: $25,000
  • Maximum Balance: $999,999
  • Availability: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA
  • Direct deposit required: None
  • Additional requirements: Introductory rate
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $300
  • Monthly fees:
  • Insured: FDIC

The Offer

Direct link to offer

  • Open a new TD Select savings bank online and you can get an introductory rate of 1.25% APY when you do the following:
    • Link your active personal Checking, Mortgage, Home Equity, Credit Card, or active Small Business Checking
    • Make at least $25,000 in new deposits
    • Maintain a daily balance of at least $25,000 and no more than $1,000,000

The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has a monthly fee of $15 (or $14 with eStatements) and you need a minimum daily balance of $15,000 to avoid the fee.



Our Verdict



This offer sucks, they don’t say how long the introductory APR lasts, you need to be an existing TD Bank customer (there is a $300 bank bonus worth doing) and the APY they offer after the introductory period is low (see image below)

apy

In addition to this TD Bank doesn’t even state how long the introductory period lasts for. If you’re looking for a high interest account, there are so many better options out there. You might also just be better off going for a savings account sign up bonus instead.

Hat tip to reader Yet Another Redditor



One Response to TD Bank Up To 1.25% APY On Select Savings Account [CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA]

  1. Bob says:

    Wow $25k minimum, this offer really sucks. Big banks need to get it together if they even care about the savings market, which it’s obvious they don’t..

Leave a reply

Your email address will not be published. Required fields are marked *. Please do not share your referral links/codes unless the post specifically states it's allowed. If the post states it is allowed please follow the rules carefully. If you'd like an image next to your comments please create a gravatar. Most of all please be kind and respectful to each other. 

Last Posts


Back to Top ↑