TD Bank Simple Savings Minimum Balance and Savings Account Rules

If you're considering opening a Simple Savings account with TD Bank, it's essential to understand the minimum balance requirements and savings account rules.

The minimum balance requirement for a Simple Savings account is $25, which is a relatively low threshold compared to other banks.

To avoid monthly maintenance fees, you'll need to keep your balance above $25. This is a straightforward rule that's easy to follow.

TD Bank also offers a savings account option with no minimum balance requirement, but it comes with some restrictions on transactions and withdrawals.

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TD Bank Online Banking offers a range of checking, savings, and CD account options.

You can choose from various account types to suit your needs, including promotional APYs that are often available.

Bonuses can be earned if you meet certain requirements after opening a new account.

Most account options have criteria that allow you to avoid paying monthly maintenance fees.

TD Bank's online banking platform is user-friendly and easy to navigate.

To open a TD Bank savings account, you need to deposit $10,000 or more in new money within 20 days of account opening.

Both the TD Signature Savings and TD Simple Savings accounts require you to maintain a balance of at least $10,000 for 90 additional days from the 20th day after account opening.

The TD Signature Savings account offers a tiered interest rate, while the TD Simple Savings account offers a flat rate, both of which are quite low.

To avoid the $5 monthly fee on the TD Simple Savings account, you can maintain a $300 daily balance or link to a TD Beyond Checking account.

Similarly, you can avoid the $15 monthly fee on the TD Signature Savings account by linking a TD Beyond Checking account or maintaining a $20,000 balance.

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