- TD Bank has the chance to offer competitive rates, but people who want to save money through TD Bank Savings Account Interest Rates may need to maintain a large balance.
- By Rebecca McClay Updated August 27 2026
- Photo of young woman using phone to manage bank account in a cafe
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Key Points
- TD Bank gives up to 3.00% with its Signature Savings account but you need $100,000 to get the highest APY.
- TD Bank has a charge for each of its savings accounts but the charge can be avoided with some actions.
- Savings account rates and availability can be different depending on where you live.
- TD Bank’s savings account rates are not as good as the high-yield savings accounts so you should look around before opening a new account.
Important
TD Bank’s savings account rates may change based on where you live and the rates listed below might not be available in all ZIP codes. The APYs listed below are based on New York City. Are current as of the date this article was published. We check rates every two weeks. Update the information below as needed.
Account Name Balance for Highest APY APY Range Monthly Fee
TD Simple Savings $0 0.02% $5
TD Signature Savings $100,000 0.01%–3.00% $15
TD Bank Savings Accounts: Main Features
TD Simple Savings Main Features
APY Range 0.02%
Minimum Balance to Get APY $0.01
Minimum Deposit $0
Withdrawal Limit 6 per month ($9 for each extra transaction)
Monthly Service Fee $5
As the name suggests, the TD Simple Savings account is a basic savings account. There is no minimum deposit required to open an account, making it a suitable option for people who are just starting to save and looking for TD Bank Savings Account Interest Rates.
There is a fee but there are several ways to avoid it:
You are under 18 or over 62.
For the year the fee is gone if you have a regular transfer of $25 or more from a connected TD Bank checking account.
You keep a balance of $300.
- The account earns interest. The interest is added each month. However the APY on the TD Simple Savings account is very low. In fact it is much less than the average in the country (0.41% as of April 24 2025) so you can probably find a bank with a high-yield savings account that offers APYs.
- You also need to know that you can only have six -authorized withdrawals or transfers each month. If you do more TD Bank will charge $9 per transaction.
TD Bank Signature Savings Main Features
- APY Range 0.01%–3.00%
- Minimum Balance to Get APY $100,000
- Minimum Deposit $0
- Withdrawal Limit 6 per month
- Monthly Service Fee $15
- The TD Signature Savings account is a high-yield savings account for people who have a lot of money. Interest on the account is added each month.
- The Signature Savings account without a relationship rate has a than-average APY until you have $250,000 or more in the account.
- You can get a relationship rate increase if you are a TD Bank customer with a checking account or credit card. The relationship rate increase offers a higher APY on balances of $10,000 or more but you still need to have $100,000 before you can get the best possible APY.
- The TD Signature Savings account has a $15 monthly fee, which can be avoided in several ways, making it important to consider TD Bank Savings Account Interest Rates and account requirements.
- Keep a minimum daily balance of $10,000 or more
- Connect an eligible TD Bank checking account
- Open the account as an individual retirement account (IRA)
Advantages and Disadvantages of TD Bank Savings Accounts
Advantages
- Option to avoid monthly fee
- No requirement to have a minimum deposit to open
- Current TD Bank customers can get a relationship rate increase
- Disadvantages
- Interest rates are not very good
- Larger amount of money is needed to get the highest APY
- Fees for transactions beyond six per month
Advantages Explained
- Option to avoid fee: TD Bank will not charge the $5 monthly fee for the Simple Savings account if you have a minimum balance of $300 if you are under 18 or over 62 or if you have a regular transfer of $25 or more from a connected TD Bank checking account.
- No requirement to have a deposit to open: All of TD Banks savings accounts Simple Savings and Signature Savings have no minimum deposit requirement to open making them easy to start.
- Current TD Bank customers can get a relationship rate increase: If you connect a TD checking account or credit card to your TD Signature Savings account you could get an APY.
Disadvantages Explained
- Interest rates are not very good: The APY on the TD Simple Savings account is very low, usually much lower than the average for savings accounts in the country.
- Larger amount of money is needed to get the APY: To get the highest APY on a TD Signature Savings account you need at least $100,000 in your account.
- Fees for transactions beyond six per month: After you have used your six withdrawals TD Bank charges $3 for each extra withdrawal.
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- About TD Bank: Other Savings Options
- TD Bank allows you to open a new savings account online.. If you are an existing TD Bank customer and link an eligible checking or credit account you can get a relationship interest rate increase.
- Even though it operates in only a few states, TD Bank is the 10th-largest bank in the country, making TD Bank Savings Account Interest Rates worth considering for savers.
- It provides a range of products including credit cards, personal loans, mortgages and savings and checking accounts.
- In addition to its savings accounts TD Bank also has certificates of deposit CDs. Existing TD Bank customers can get a CD with a higher than average APY but the highest APYs are only available on some CD terms. TD Bank has options besides regular CDs including those that allow for a withdrawal without a penalty.
- TD Bank sometimes has offers for its deposit accounts, including savings accounts and CDs where you can earn a bonus for opening a new account and doing certain things.
Tip
- TD Bank only has branches in specific states. You can find a branch near you using its store locator tool.
- Alternatives to TD Bank Savings Accounts
- high yield savings accounts: You can find much better savings account rates from other companies. Check the high yield savings accounts to see your choices and how much you could earn.
- Certificates of deposit (CD): You could put your money into a CD for a period from a month to several years to get a guaranteed return. Unlike savings accounts CDs have a fixed APY for the time.. You will be charged a fine if you take your money out before the CD ends. Look at the CD rates to see if one might be better than a savings account.
- Money market accounts: Some money market accounts have interest rates and allow you to write checks and take cash from an ATM with a debit card. However some of these accounts have fees or minimum balance requirements than regular savings or checking accounts so be sure to check the terms.
- I Bonds: If you don’t need access to your savings for least a year think about investing in U.S. Government I bonds to protect your money from losing value due to inflation.. Take the time to compare rates with bank deposit accounts, especially CDs, which also require you to keep your money in one place.
- Checking accounts: For access to your money as well as the ability to write checks and use a debit card think about opening a checking account. Some banks offer yield checking accounts with good interest rates. Unlike some savings accounts checking accounts don’t limit how times you can withdraw money each month and allow you to make ATM withdrawals and deposits.
In the News
The Federal Reserve decreased interest rates by a quarter of a percentage point at consecutive meetings in December, which can also affect TD Bank Savings Account Interest Rates.
It is the reduction in the federal funds rate since September 2024 bringing it to a range of 3.50% to 3.75%. Savings account rates follow the fed funds rate closely which means interest rates are expected to go down if the Fed lowers rates.
Changes in interest rates can directly affect the rate you get on your interest checking and savings accounts. It is an idea to check if your bank has a high-yield savings account. You could also check if it has one of the CD rates right now. Together these accounts could help you make the money on the cash you keep at your bank.
Is TD Bank Good for Savings Accounts?
If you have a lot of money saved opening a TD Bank savings account could let you earn a than average APY.. If you have less, than $250,000 you can probably find banks with much lower minimums, higher APYs and no monthly fees.
Are TD Savings Accounts Free?
No TD Banks savings accounts aren’t “free” because they have fees: $5 for Simple Savings $15 for Signature Savings. These fees can be avoided in ways, such as by keeping a certain minimum daily balance or connecting an eligible TD Checking account.
What Is the Minimum Balance for a TD Bank Savings Account?
There is no minimum balance required to open a TD Bank savings account. However, you may need to deposit a larger amount to qualify for the best possible APY and make the most of TD Bank Savings Account Interest Rates.
How Do You Open a TD Bank Savings Account?
You can open a TD Bank savings account online over the phone or by visiting a branch. You will need to provide your Social Security number and address and connect an existing bank to transfer money.
How Do You Avoid TD Bank Savings Account Fees?
TD Banks savings accounts have maintenance fees. However you can avoid those fees if you meet balance requirements or other conditions. For example those under. Those over 62 can qualify for a free TD Simple Savings account.
Your Guide to Savings Accounts
- What Is a Savings Account and how Does It Work?
- What Is a High Yield Savings Account?
- How to Open a High Yield Savings Account
- How to Close a Savings Account
- Besides a Savings Account Where Is the Safest Place to Keep My Money?
- How Savings Accounts Should I Have?
- How Savings Account Interest Rates Are Determined
- How Interest Works on Savings Accounts
- How Is a Savings Account Taxed?
- Money Market Fund vs MMA vs Savings Account: What’s the Difference?
- Certificates of Deposit CDs vs Savings Accounts: Which Is Better for You?
Savings Accounts for Investors
- Best High Yield Savings Accounts
- Best Free Savings Accounts
- Best Savings Accounts for Kids and Teens can help young people develop smart saving habits while learning about TD Bank Savings Account Interest Rates.
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FAQs
What are TD Bank savings account interest rates?
TD Bank savings account interest rates change depending on the type of account. What is happening in the market right now.
Do TD Bank savings accounts earn interest?
Yes. TD Bank savings accounts that qualify can earn interest depending on the rate that applies to them.
How often do TD Bank interest rates change?
The interest rates for savings can go up or down from time to time. It is a good idea to look at the latest rate before opening an account.
Which TD Bank savings account is best?
The best TD Bank savings account depends on what we want to save for, how money we have the fees involved and the interest rate that is available.
How can we earn interest, on savings?
We can look at account rates keep the right amount of money in the account and pick an account that matches our money goals.
