TD Bank savings account rates

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TD Bank offers savings accounts that will pay you more interest when you link another account and maintain larger balances. However, you can still find other banks offering higher payouts than TD Bank’s best rate.

On the other hand, TD Bank is known for offering good customer service and solid digital banking tools. But if you’re looking for the best rates, you will want to look elsewhere.

TD Bank earned a 3.5 out of 5 in Bankrate’s overall rating of the bank.

TD Bank savings rates

Here are the interest rates offered on TD Bank’s 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 Savings 0.01% $0.01-$19,999.99
TD Beyond Savings 0.01% $20,000-$49,999.99
TD Beyond Savings 0.01% $50,000-$99,9999.99
TD Beyond Savings 0.01% $100,000-$249,999.99
TD Beyond Savings 0.01% $250,000-$499,999.99
TD Beyond Savings 0.01% $500,000-$999,999.99
TD Beyond Savings 0.01% $1,000,000-$9,999,999.99
TD Beyond Savings 0.01% $10,000,000+

Here are the bank’s tiered interest rates with a rate bump for savings customers who also link an eligible TD Bank product.

Account name APY Minimum daily deposit to earn APY
TD Beyond Savings 0.01% $0.01-$19,999.99
TD Beyond Savings 0.02% $20,000-$49,999.99
TD Beyond Savings 0.03% $50,000-$99,999.99
TD Beyond Savings 0.04% $100,000-$249,999.99
TD Beyond Savings 0.05% $250,000-$499,999.99
TD Beyond Savings 0.05% $500,000-$999,999.99
TD Beyond Savings 0.05% $1,000,000-$9,999,999.99
TD Beyond Savings 0.05% $10,000,000+

Note: The APYs (Annual Percentage Yield) shown are as of Aug. 24, 2021. The APYs for some products may vary by region.

How TD Bank savings rates compare to top-yielding banks

TD Bank’s Simple Savings account offers almost no interest. The bank’s Beyond Savings account, which requires a $250,000 balance to earn the highest rate, pays less than the national average. You can find online savings accounts that pay more.

If you want to earn a higher interest rate, consider a competitor like Vio Bank or CitibankShop around to find the best rates to help you hit your savings goals quicker.

Other savings options at TD Bank

TD Bank offers a money market account that currently pays less than the top TD Bank savings account rate. The bank also offers CDs with mostly uninspiring rates.

If you’re looking for an alternative to the bank’s savings account but want to stick with the brand, one of the bank’s shorter-term CDs can offer you a higher rate, especially if you pair it with a TD checking account.

Written by
Libby Wells
Contributing writer
Libby Wells is a contributor covering banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications.
Edited by
Banking editor