TD Bank Review 2023
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At a glance
CDs
Checking
Savings
About Bankrate Score
Overview
If you’re looking for the ability to visit a branch any day of the week (including Sundays) and live on the East Coast, then TD Bank may be a good fit for you. Many locations are open seven days a week. But if you want a bank that offers top savings rates, you’ll have to look elsewhere.
Highlights
- 24/7 Customer Service
- Digital Leader
- Large Branch Network
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Checking rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
TD Bank bills itself as “America’s Most Convenient Bank” because many of its branches are open for extended hours, seven days a week — as well as some holidays. It also offers customers access to nearly 2,700 ATMs. However, those seeking deposit accounts that pay competitive rates and charge lower fees may need to look elsewhere.
Pros
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Branches offer extended lobby hours and weekend availability.
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Customers have access to a robust set of digital banking features, including Zelle, remote check deposit and online bill pay.
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A lost debit card can be replaced and picked up curbside the day you report it to the bank, or the next day.
Cons
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APYs are generally below the national average. Higher yields can be found at online banks and many credit unions.
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To avoid monthly fees, customers need to meet minimum requirements for most checking and savings accounts.
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There is a $3 fee for using a non-TD Bank ATM.
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Overdraft fee is $35 per transaction and can be charged up to three times a day.
TD Bank banking products
TD Bank savings overview
Customers who choose the Signature Savings account get access to tiered rates and other perks such as free money orders, incoming wire transfers and non-TD ATM reimbursements. One downside is the hefty $15 monthly fee. It can be waived when you meet certain requirements, such as maintaining a daily balance of at least $10,000.
Pros
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No minimum deposit is needed to open an account.
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Signature Savings accounts earn a higher rate when paired with a qualifying TD checking account.
Cons
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For the standard rates, a high balance is needed to earn an APY above the national average.
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For the Signature Savings account, the minimum balance that can help you avoid the $15 monthly service fee is a hefty $10,000.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
If your definition of convenience includes longer branch hours, TD Bank may serve you well. The branches tend to stay open late, and many are also open on Saturdays and Sundays.
TD Bank won’t let you down on the digital banking tools it makes available, either. TD Bank has all the features you’d expect, like Zelle, online transfers and account alerts. You can also open an account through its mobile app.
A live customer service representative is available by phone 24 hours a day, seven days a week. TD Bank also offers voice-recognition technology to validate customers’ identity when speaking with a customer service representative by phone. The service is free, but enrollment is required.
About TD Bank
The origins of TD Bank can be traced back to 1855 when its predecessor, The Bank of Toronto, was founded. Today, the bank maintains more than 1,100 branches along the East Coast from Maine to Florida. TD Bank describes itself as “America’s Most Convenient Bank,” with many of its branches open for extended hours, seven days a week.
The bank offers a full suite of products, including checking and savings accounts, as well as credit cards, personal loans and mortgages.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
