TD Bank offers savings accounts that will earn you more interest when you link another account and keep larger balances. However, you can still find other banks offering higher payments than the best TD Bank rate.
On the other hand, TD Bank is known for providing good customer service and strong digital banking tools. But if you’re looking for the best rates, you’ll want to look elsewhere.
TD Bank scored 3.5 out of 5 on the bank’s overall Bankrate rating.
TD Bank Savings Rate
Here are the interest rates available on TD Bank Savings Accounts.
Account name | Interest rate | APY | Minimum deposit |
TD Simple Savings | 0.02% | 0.02% | $ 0 |
Here are the bank’s tiered interest rates.
Account name | APY | Minimum daily deposit to earn APY |
TD Beyond Saving | 0.01% | $ 0.01 to $ 19,999.99 |
TD Beyond Saving | 0.01% | $ 20,000 to $ 49,999.99 |
TD Beyond Saving | 0.01% | $ 50,000 to $ 99,9999.99 |
TD Beyond Saving | 0.01% | $ 100,000 – $ 249.99.99 |
TD Beyond Saving | 0.01% | $ 250,000 – $ 499,999.99 |
TD Beyond Saving | 0.01% | $ 500,000 to $ 999,999.99 |
TD Beyond Saving | 0.01% | $ 1,000,000 – $ 9,999,999.99 |
TD Beyond Saving | 0.01% | $ 10,000,000 + |
Here are the bank’s tiered interest rates with increased rates for savings customers who also combine a qualifying TD Bank product.
Account name | APY | Minimum daily deposit to earn APY |
TD Beyond Saving | 0.01% | $ 0.01 to $ 19,999.99 |
TD Beyond Saving | 0.02% | $ 20,000 to $ 49,999.99 |
TD Beyond Saving | 0.03% | $ 50,000 to $ 99,999.99 |
TD Beyond Saving | 0.04% | $ 100,000 – $ 249.99.99 |
TD Beyond Saving | 0.05% | $ 250,000 – $ 499,999.99 |
TD Beyond Saving | 0.05% | $ 500,000 to $ 999,999.99 |
TD Beyond Saving | 0.05% | $ 1,000,000 – $ 9,999,999.99 |
TD Beyond Saving | 0.05% | $ 10,000,000 + |
Note: The APYs (Annual Percentage Return) shown are as of August 24, 2021. The APYs for certain products may vary by region.
How TD Bank’s Savings Rates Compare to Those of the Most Profitable Banks
The TD Bank Simple Savings Account offers almost no interest. The bank’s Beyond Savings account, which requires a balance of $ 250,000 to earn the highest rate, pays less than the national average. You can find higher paying savings accounts online.
If you want to get a higher interest rate, consider a competitor like Vio Bank or Citibank. Shop around for the best rates to help you reach your savings goals faster.
Other Savings Options at TD Bank
TD Bank offers a money market account that currently earns less than the highest rate of TD Bank savings accounts. The bank also offers CDs with mostly interest-free rates.
If you are looking for an alternative to the bank savings account but want to stay with the brand, one of the bank’s shorter term CDs may offer you a higher rate, especially if you pair it with a TD checking account.