TD Bank is among the best banks in Canada that offer great saving accounts. TD bank offers one of the best banking services that are reliable, safe and readily available. This bank offers you convenient access to your money and customer support with more than 2,800 ATMs and 1,241 branches.
Another great thing about TD Bank or TD Canada Trust is that it offers protection to your money up to $100,000 through an insurance program with Canada Deposit Insurance Corporation. Let’s have a look at the saving accounts offered by TD Bank.
TD Everyday Saving Account
This account offers lets you save money with ease and provides anytime access to your funds. You will not be charged any monthly fee and you enjoy unlimited free transfers to your other TD accounts. If you already have TD bank accounts, this saving account will work great for you with an interest rate of 0.10%.
You can control your account with the TD banking app. A great feature of this app allows you to deposit cheques in your account by taking a picture of them and upload them on the app. You will be allowed to make one free transaction to any other bank account in a month. For more than one transaction, you pay $3 per transaction.
This account can be opened very easily and within a few minutes by filling an online form, otherwise, you can visit a branch. There will be no charges for online bank statement. For a paper bank statement, you will be charged $2 per month.
TD High-Interest Saving Account
Another powerful saving account is TD high-interest saving account. It is the most preferred one by the customers among all saving accounts. It is clear from its name that it offers a high-interest rate as compared to other accounts. You will get 0.50% interest; however, you should have a minimum of $5000 in your account.
Apart from the high interest rate, there is no monthly fee on this account so that you can focus on saving the money and reach your target soon. You will have unlimited transactions but will be charged $5 per transaction, however, if you have $25,000 or more in your account, this fee will be waived off.
TD High-Interest TFSA
On the list of saving accounts in TD bank, there is another popular saving account know as TD high-interest TFSA account. Apart from interest earnings, there are a few features that help you in saving even more.
All the interest amount that you will receive on the deposit, will not be subjected to any taxation. Also, you will be provided with unlimited transactions. The great thing is that there will be no charge for these transactions. You can make free ATM withdrawals and internal transfers.
TD Youth Saving Account
The TD Youth Saving Account has been specially designed for Canadians under the age of 19. The account holders can earn interest at the rate of 0.10%. Also, all the transactions are free including internal transfers.