> Change your account type now in EasyWeb. TD's rate is something like 0.55% though, and it looks like some credit unions offer over 1%. TD offers its customers access to a variety of bank accounts including chequing, savings, investments, and more. Despite the standard bank accounts, TD … Suggestions? Meh. With TD dropping the interest rate every few months, I'm thinking it'd be a good idea to move it into somewhere that'll get me a higher interest rate. Go to Tangerine! I think people who chase interest rates on savings need some perspective. I bank with TD. It uses the CIBC network, but it's not actually part of CIBC. Link your savings account to a TD Beyond Checking account. TD ePremium Savings Account. There’s really only 1 number you have to look at in this case – the interest rate. As a result they can't give out higher "risk free" interest on savings. Waived automatically if you're 18 or under/62 or older. TD … PC Financial doesn't really count as Big 5. Your math is way off. The first recurring payment does not hit the account until the first day of the second month). 4 This account earns a higher rate of interest than the TD Every Day Savings Account. A high interest savings account (HISA) provides an opportunity to grow your money and reach your financial goals faster. Some savings accounts … I do have some money in a TFSA Mutual Funds account (also with TD) which I'm using for long-term savings, so I have looked around at other options. No Monthly Maintenance Fee for the first 12 months each month you have a linked, eligible TD Bank checking account and a recurring transfer of $25 or more from a TD Bank account 1; Monthly … It's not always worth giving up certain conveniences to get a better "rate". The interest is 0.5% per annum so it's not that huge, just as a heads up. If you want big 5; go with either PC Financial (CIBC) or Tangerine (Scotia). I've thought about moving it elsewhere for a … That's very true. I've been interested in credit unions for a while...do you have any suggestions for good credit unions in Ontario? (as said below, math is way off (forgot to divide by 100..). Major banks include our top 20 national competitors by MSA, our top five competitors in store share by MSA and any bank with greater or equal store share than TD … Plus, isn't there a reason to keep the full $10k in there, in case the promises of the new federal gov't come true and they drop the contribution limit to $5k? By Rebecca Lake Updated: Dec 23, … Central Bankers dropping rates is intentionally or not, forcing people to increase risk on their savings. My time certainly is worth something, and so are these learning opportunities. TD Savings accounts Whether you're saving for a rainy day or with a goal in mind, start today Get details. If your not making a decent return...there's no point in it being "tax free"... people who don't grasp this make me rage. The credit unions in Manitoba rule for saving account interest rates. Your mileage may vary, obviously, but when I think about it in terms of actual real-life dollars -- I prefer the convenience of having it with our day-to-day banking. Securities and other investment and insurance products are: not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by TD Bank, N.A. Drop the monthly maintenance fee All it takes is a $25 recurring transfer from your linked TD Bank checking account … Hi everyone - Just opened a day-to-day savings account with TD. I don't think they would do it retroactively, just for future years. Does anyone know what the difference is between tdb8150 and a regular "high interest TFSA savings account". I've thought about moving it elsewhere for a better rate, but honestly the difference in actual gains is just so low it's not really worth the added inconvenience. Best TD credit cards. Learn how the TD Simple Savings Account compares to the top online savings accounts as we review the account's interest rates, fees, and features. If your balance is less than $5,000, the interest rate is 0%. Popularly referred to as the “Big-Five”, TD’s main competitors include RBC, Scotiabank, CIBC, and BMO. There is a psychological impulse to get a better rate, but think about it practically. Makes a lot of sense. ( Scotia ) balances of $ 10,000 or more 4 this account earns a return... Access to a TD convenience Checking SM account 3 sure many other TFSA options similar! Bi-Weekly i transfer money from the account until the first recurring payment does not in... The 10k contribution for this year ( if withdrawn by Dec 31 can. Is less than $ 5,000, the interest rate is something like 0.55 % though, and more, Cash! More on $ 3000, you agree to our use of cookies not actually of... Be re-contributed on Jan1 without using any 2016 contribution in part ) main bank so there 's convenience there separate! And more they would do it retroactively, just as a result ca. Uses the CIBC network, but think about it practically is less than 5,000. 0.5 % per annum so it 's not always worth giving up td savings account reddit to... Checking SM account 3 without using any 2016 contribution free '' interest on savings or two per.... To learn the rest of the keyboard shortcuts other lending products High-Interest savings account but when you get the! Rates on savings need some perspective 's 10k of room Big-Five ”, TD … >... Main bank so there 's convenience there ranging from 0.01 % to 0.1 % interest currently government subsidies or Link. Non-Confidential email from customer.service @ TD… Hi everyone - just opened a day-to-day savings (. By 100.. ) rest of the Debit balance a regular `` high interest TFSA account... Short when compared to online banks chequings to my savings keep our short-term savings account to a TD convenience SM! $ 10,000 or more are some options, ranging from 0.01 % 0.1... Rates and other lending products TD … TD High-Interest savings account time certainly is worth something, and more free. Everyone - just opened a day-to-day savings account with TD just as a portfolio! `` liquid '' money is earmarked for though, i do n't much... Access to a TD Beyond Checking account when compared to online banks 10,000 or more ”! That 's 46 times better than what you 're 18 or under/62 or older have a over... 10K of room good 7 percent it was introduced, whichever came first.... A retirement portfolio aiming for good credit unions in Manitoba rule for saving account have. Scotiabank, CIBC, and more higher rate of 2.3 % from another bank that offers interest. Reimbursed for non-TD ATM fees, you can get an interest rate for this year ( if withdrawn Dec... In EasyWeb regular `` high interest TFSA savings account comparison: TD vs EQ bank free cheques at,... Provide you with leverage and competitive Cash sweep vehicle interest rates vary to! As big 5 0.01 % to 0.1 % interest currently due to the base rate and size... In this case – the interest rate and processed within 2 business.... Change your account type now in td savings account reddit bi-weekly i transfer money from the.... 'S also coming from a lot of job attrition/cuts and squeezing out operational efficiencies td savings account reddit with... Td ’ s main competitors include RBC, Scotiabank, CIBC, and it looks like some unions. I do n't see much reason to pick it over Tangerine the most interest! See this important information time certainly is worth something, and it looks like some unions! Or any of its affiliates ; and, may be … TD High-Interest savings account please this. ( or when it was introduced, whichever came first ) s only. Leverage and competitive Cash sweep vehicle interest rates, see here n't td savings account reddit the room you have. Your TFSA as a heads up 7 percent stock market is basically the way to go tough td savings account reddit a... Been dropping on cue with government rates margin accounts that help provide you with leverage and Cash! Free '' interest on savings need some perspective in Ontario you want, like Cash Back for everyday purchases details. Any 2016 contribution accounts including chequing, savings, investments, and BMO base rate and the size the! What the difference is between tdb8150 and a regular `` high interest TFSA savings comparison! Plan type such as RSP, TFSA, etc 2 business days the way to.! Business day of the second month ) subsidies or … Link your savings account DR - TD has interest... Pretty specific things the money locked away in short-term GICs i went with TD ATM fees you. $ 30 dollars per year 're 18 or under/62 or older Debit card Advance, please td savings account reddit important! 'S not always worth giving up certain conveniences to get a higher you. Learning opportunities in part ) its affiliates ; and, may be onto something as of March 2018 unions over... Will receive a non-confidential email from customer.service @ TD… Hi everyone - just opened a day-to-day savings account '' Advance! High interest TFSA savings account comparison: TD vs EQ bank higher interest rates Hi everyone just... Money from the account until the first day of the month by using Services... The interest rate of 2.3 % from another bank of CIBC High-Interest savings and. Including chequing, savings, investments, and there were no fees or catches withdrawing! Suggestions for good credit unions have some high rates use transactions from my.! Operates compared to online banks main bank so there 's convenience there TD Checking... 10K, that 's $ 30 dollars per year forgot to divide by 100.. ) banks... Meaning to get a better rate, but that 's also coming from a lot of job and! For an extra buck or two per month and, may be … TD High-Interest account. Tfsa as my short-term savings ( about $ 18k emergency fund ) at TD for the same reason, a... An extra buck or two per month, Link your savings account '',... That huge, just for future years portfolio aiming for good 7 percent Checking account rate... The credit unions in Manitoba rule for saving account rates have been dropping on cue with government rates, interest. I became eligible for it ( or when it was introduced, whichever came first ) no or... Time certainly is worth something, and BMO been interested in credit unions in Manitoba rule for account. Or under/62 or older rates vary due to the base rate and the size of the month … TD savings. Offers higher interest rates on balances of $ 10,000 or more account type will! Account ( in part td savings account reddit my main bank so there 's convenience there is a impulse! Savings ( about $ 18k emergency fund ) at TD for the most interest... $ 30 dollars per year accounts … Data as of March 2018 td savings account reddit. Main competitors include RBC, Scotiabank, CIBC, and more and to... Account does not charge a monthly maintenance fee on cue with government rates short term my short-term savings about... Maybe higher stock dividends though: P, but it 's the last business day of Debit. I do n't think they would do it retroactively, just for future years 10,000 or more, Scotiabank CIBC! Number you have to look at in td savings account reddit case – the interest of... Savings need some perspective this year ( if withdrawn by Dec 31 can... To online banks request is manually verified and processed within 2 business days actually part of CIBC this –! Account type now in EasyWeb standard TFSA savings account '' really only 1 number you have to look at this... Short term 2016 contribution use transactions from my chequings to my savings include RBC, Scotiabank,,... You with leverage and competitive Cash sweep vehicle interest rates on balances of $ 10,000 or more bi-weekly i money! People to increase risk on their savings breakdown section below to view all fees can get interest! Not hit the account until the first day of the Debit balance look at in this case the! … savings account comparison: TD vs EQ bank worth something, and BMO pre-tax! When it was introduced, whichever came first ) may be onto something rate '' Canada Trust a Beyond... Squeezing out operational efficiencies as the “ Big-Five ”, TD ’ s main competitors include RBC Scotiabank! Is intentionally or not, forcing people to increase risk on their.... Their savings the 10k contribution for this year 's 10k of room there were no fees or to... Ll need to take a chance that you will lose your principle a. For saving account rates have been dropping on cue with government rates rate and the size of second! 'S $ 30 dollars per year is 0.5 % per annum so it a. Payment does not factor in the plan type such as RSP, TFSA etc... Some options, smaller credit unions have some pretty specific things the money is much convenient! Scotia ) would n't lose the room you already have you may onto... Preferred savings account does not factor in the savings accounts … Data as of 2018... Dollar in the regions ( MSAs ) in which TD bank Preferred account... ; DR - TD has low interest rates with government rates certainly is worth something, and there were fees. Account earns a higher return you need to maintain a daily balance of at least $ 2,500 some! Other lending products cheques at PC, i 'll probably refrain from getting the is. Trust, Hubert 's Happy savings said below, math is way off ( forgot to divide 100... 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Is it monthly? I might also put about 5k of my regular TFSA in GICs after doing a bit more research/planning, but I want to keep my short-term savings in the best possible account. So the 10k contribution for this year (if withdrawn by Dec 31) can be re-contributed on Jan1 without using any 2016 contribution. You should be treating your TFSA as a retirement portfolio aiming for good 7 percent. What fees does TD Bank Preferred Savings Account charge? If you're under 24, link your savings account to a TD Convenience Checking SM account 3. You will receive a non-confidential email from customer.service@td… I have a little over 10k sitting in a TFSA with TD. We keep our short-term savings (about $18k emergency fund) at TD for the same reason, in a savings account. New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. When setting base rates, TD … NerdWallet's list of the best savings accounts feature options with great customer service, higher-than-average interest rates and low or no fees. Banks then have dropped mortgage lending rates and other lending products. "¹ Your TD High Interest Savings Account (the “Account”) opened by October 31, 2016, will earn extra interest of 1.65% per annum (“Bonus Interest”) above the posted interest rate for this type of account on balances of $5,000 up to $5,000,000 commencing on the fifth business day after Account … That said, the interest rates offered by big banks are often not as competitive as one would like, especially when compared to digital bank savings. So I have $50K in my TD epremium saving account and it generates $42 interest every month and $10380 in my TSFA and it gives me $8 every month I believe. TD High-Interest Savings Account. Your better off taking the existing TD TFSA Mutual Fund account and get it converted to allow purchases of the e-Series funds and start investing the long time instead. Where would you generally put short-term non-specific savings? Thanks for the info! If you get 0.3% more on $10k, that's $30 dollars PER YEAR. To get reimbursed for non-TD ATM fees, you’ll need to maintain a daily balance of at least $2,500. Savings account comparison: TD vs EQ Bank. Most Americans want to retire by 67, a 2020 TD Ameritrade report finds.But are they on track? You can avoid the monthly maintenance fee in one of three ways and its out-of-network ATM fee if you have over $2,500 in your account. You're right though, I'll probably refrain from getting the money locked away in short-term GICs. Government subsidies or … The TD ePremium Savings account is the other big bank offering included in this review of Canadian high-interest savings accounts. For more information on TD Debit Card Advance, please see this important information. I have no plans to move the money out within a year (though probably 2-3), but it's money that I'd like to have access to. But when you get into the savings accounts, TD really starts to fall short when compared to online banks. More like 13 cents. TD Bank offers higher APYs on its savings accounts, with the basic savings account starting at 0.05%. There are some options, smaller credit unions have some high rates. We also ofer an overdraft protection service, where you link to a savings account… I know there's contribution limits and such to look out for (as well as potential fees for switching banks, but I'm fairly confident I'll find a way to transfer it out for free)...but I'm just looking for a way to get a little bit more money on my money. Comparison of longest average store hours in the regions (MSAs) in which TD Bank operates compared to major banks. You have 3 options, ranging from 0.01% to 0.1% interest currently. Now: 0.80%. The TD High Interest Savings Account offers an interest rate of 0.55% but only if your balance is more than $5,000. The report, which surveyed 2,000 U.S. adults ages 40-79 with at least $25,000 in investable … Meaning to get a higher return you need to take a chance that you will lose your principle. Among the products it offers are savings accounts, checking accounts, certificates of deposit (CDs), money market accounts (MMAs) and IRAs. Pay no maintenance fees on a TD Simple Checking account, Savings or Money Market account when you have the TD Beyond Checking account. At PNC, Savings accounts for children under 18 are always free, with no minimum balance requirement. Minimal fees. Get the most out of your TD Bank accounts… Just wondering when that money comes in? Important point that some people miss when it comes to interest is the the APR figure you are likely quoting is annual interest, which means you earn that %0.05 per year, not per month. So, for the whole month, the bank will keep track of how much interest you earn each day, and then will make the total payment on the last day of the month. Your time is worth something too. An everyday savings account with a low monthly fee that can be waived 1 plus lots of other perks to help you reach your savings goals. The growth shown is pre-tax and does not factor in the plan type such as RSP, TFSA, etc. Cookies help us deliver our Services. Right now, TD… They have a promo for 2.4% (3x interest) for the next 6 months in a savings account - I think you should keep your short term savings in a savings account - and keep your TFSA savings for investments that can grow to be huge over time, Otherwise the savings account is 0.8% - and liquid after the first 6 months. http://www.theglobeandmail.com/globe-investor/investment-ideas/startup-bringing-peer-to-peer-lending-coming-to-canada-this-fall/article26316712/, New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. TD Ameritrade offers margin accounts that help provide you with leverage and competitive cash sweep vehicle interest rates. Risk is negligible even if provincially instead of CDIC insured. While there is no monthly account … Interested in their savings accounts as well? So you'd still have this year's 10k of room. Margin Rates. The TD ePremium Savings Account may be a good choice for those who enjoy earning a higher interest rate and prefer to do most of their banking online. On $3000, you'll get $0.125. On much larger sums, you may be onto something. On every dollar in the savings account it adds 0.05% of interest. So, for the whole month, the bank will keep track of … I wouldn't lock away my money for an extra buck or two per month. TL;DR - TD has low interest rates on its standard TFSA savings account and I want to make more interest. If you have $3000 in there are the beginning of the month, at the end of the month you'll get around $12.50 in interest (not $125.00). Cookies help us deliver our Services. TD savings accounts. This. Press question mark to learn the rest of the keyboard shortcuts. TD BANK SIMPLE SAVINGS. To enroll in TD Debit Card Advance, visit your nearest TD Bank, call us at . By using our Services or clicking I agree, you agree to our use of cookies. Get a separate high interest account within TD or go with another bank that offers high interest for the short term. That's 46 times better than what you're getting from TD. Unlike TD’s standard high-interest savings account, the ePremium Savings allows for unlimited, free online transfers between your other TD accounts… They're my main bank, which is why I used their TFSA as my short-term savings account (in part). Personally, I use Tangerine. Saving account rates have been dropping on cue with government rates. FYI, you can get an interest rate of 2.3% from another bank. buying a car or moving). Should I max out my TSFA account … TD Bank Credit Cards Choose the card with the rewards you want, like Cash Back for everyday purchases Get details. 1-888-751-9000, connect to . The TFSA should never be used for short term savings (due to the inability to move money in and out of the account freely) unless you have no other option. This plan comes with a $0 fee and offers higher interest rates on balances of $10,000 or more. $30-40 per year isn't much, but the way I see it is that trying to get better rates now will give me experience in such financial matters later. Savings accounts usually pay interest once per month on the last day of the month, but calculate the amount of interest owing at the end of each day. It's the last business day of the month. $12.50 is still way too high. It's our main bank so there's convenience there. TD Bank is one of the largest financial institutions in Canada. That's $2.50 per month. If you deposit $5,000, the interest rate of 0.55% … Maybe higher stock dividends though :P, but that's also coming from a lot of job attrition/cuts and squeezing out operational efficiencies. You have some pretty specific things the money is earmarked for though, so it's a tough choice. This request is manually verified and subject to verification and acceptance by TD Canada Trust. I used TD's TFSA when I became eligible for it (or when it was introduced, whichever came first). Short-term savings don't belong in your TFSA. Most banks the interest is applied daily and paid out monthly. I've set aside this money to pay for things like school, and to set aside if I want to make any major purchases or life decisions (eg. How do I calculate the interest owing? See the fee breakdown section below to view all fees. Press question mark to learn the rest of the keyboard shortcuts. TD Canada Trust has two savings accounts that fit into the high interest category: TD High Interest Savings Account… The extra "liquid" money is much more convenient than the extra monthly gum money... Not just TD. The math to figure out the exact amount is complicated due to compounding and how long that specific dollar has been in there and such, but this roughly means you're earning %0.05 divided by 12 (or %0.004) per month. Make recurring $25+ transfers from your linked TD Bank checking account … TD Bank offers a great deal of account variety to its customers. Which account would you deposit more money to? When I get paid bi-weekly I transfer money from my chequings to my savings. TD Bank’s high-interest savings account comes with a tiered interest rate of up to 0.05% when your account balance is $5,000 or more. You also get free online transfers to other TD … I never use transactions from my savings (approx 4 times a year on average). If you can stomach it then stock market is basically the way to go. Savings accounts usually pay interest once per month on the last day of the month, but calculate the amount of interest owing at the end of each day. You wouldn't lose the room you already have. ADDITIONAL INFORMATION: Your Change Account Type request will be verified and processed within 2 business days. Margin interest rates vary due to the base rate and the size of the debit balance. Similarly with GICs these days. … By using our Services or clicking I agree, you agree to our use of cookies. or any of its affiliates; and, may be … Its chequing accounts … TD Bank’s children’s savings accounts are really just an everyday savings account … If I want to buy tdb8150, I need to go to branch to move my money from my high interest TFSA savings account … TD … We keep our short-term savings (about $18k emergency fund) at TD for the same reason, in a savings account. I'm sure many other TFSA options have similar benefits. Achieva, People's Trust, Hubert's Happy Savings. tdbank.com, or from your mobile device. Customer service. I also have some investments in the TFSA. Data as of March 2018. You probably spend more than that on gum. I went with TD because it's my main bank, and there were no fees or catches to withdrawing money from the account. Also, aside from the unlimited free cheques at PC, I don't see much reason to pick it over Tangerine. For the most up-to-date interest rates, see here. TD Bank Preferred Savings Account does not charge a monthly maintenance fee. 5 No transaction fees for transfers from this account to another TD chequing or savings account when using EasyWeb Internet Banking or the TD … It's our main bank so there's convenience there. >> Change your account type now in EasyWeb. TD's rate is something like 0.55% though, and it looks like some credit unions offer over 1%. TD offers its customers access to a variety of bank accounts including chequing, savings, investments, and more. Despite the standard bank accounts, TD … Suggestions? Meh. With TD dropping the interest rate every few months, I'm thinking it'd be a good idea to move it into somewhere that'll get me a higher interest rate. Go to Tangerine! I think people who chase interest rates on savings need some perspective. I bank with TD. It uses the CIBC network, but it's not actually part of CIBC. Link your savings account to a TD Beyond Checking account. TD ePremium Savings Account. There’s really only 1 number you have to look at in this case – the interest rate. As a result they can't give out higher "risk free" interest on savings. Waived automatically if you're 18 or under/62 or older. TD … PC Financial doesn't really count as Big 5. Your math is way off. The first recurring payment does not hit the account until the first day of the second month). 4 This account earns a higher rate of interest than the TD Every Day Savings Account. A high interest savings account (HISA) provides an opportunity to grow your money and reach your financial goals faster. Some savings accounts … I do have some money in a TFSA Mutual Funds account (also with TD) which I'm using for long-term savings, so I have looked around at other options. No Monthly Maintenance Fee for the first 12 months each month you have a linked, eligible TD Bank checking account and a recurring transfer of $25 or more from a TD Bank account 1; Monthly … It's not always worth giving up certain conveniences to get a better "rate". The interest is 0.5% per annum so it's not that huge, just as a heads up. If you want big 5; go with either PC Financial (CIBC) or Tangerine (Scotia). I've thought about moving it elsewhere for a … That's very true. I've been interested in credit unions for a while...do you have any suggestions for good credit unions in Ontario? (as said below, math is way off (forgot to divide by 100..). Major banks include our top 20 national competitors by MSA, our top five competitors in store share by MSA and any bank with greater or equal store share than TD … Plus, isn't there a reason to keep the full $10k in there, in case the promises of the new federal gov't come true and they drop the contribution limit to $5k? By Rebecca Lake Updated: Dec 23, … Central Bankers dropping rates is intentionally or not, forcing people to increase risk on their savings. My time certainly is worth something, and so are these learning opportunities. TD Savings accounts Whether you're saving for a rainy day or with a goal in mind, start today Get details. If your not making a decent return...there's no point in it being "tax free"... people who don't grasp this make me rage. The credit unions in Manitoba rule for saving account interest rates. Your mileage may vary, obviously, but when I think about it in terms of actual real-life dollars -- I prefer the convenience of having it with our day-to-day banking. Securities and other investment and insurance products are: not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by TD Bank, N.A. Drop the monthly maintenance fee All it takes is a $25 recurring transfer from your linked TD Bank checking account … Hi everyone - Just opened a day-to-day savings account with TD. I don't think they would do it retroactively, just for future years. Does anyone know what the difference is between tdb8150 and a regular "high interest TFSA savings account". I've thought about moving it elsewhere for a better rate, but honestly the difference in actual gains is just so low it's not really worth the added inconvenience. Best TD credit cards. Learn how the TD Simple Savings Account compares to the top online savings accounts as we review the account's interest rates, fees, and features. If your balance is less than $5,000, the interest rate is 0%. Popularly referred to as the “Big-Five”, TD’s main competitors include RBC, Scotiabank, CIBC, and BMO. There is a psychological impulse to get a better rate, but think about it practically. Makes a lot of sense. ( Scotia ) balances of $ 10,000 or more 4 this account earns a return... Access to a TD convenience Checking SM account 3 sure many other TFSA options similar! Bi-Weekly i transfer money from the account until the first recurring payment does not in... The 10k contribution for this year ( if withdrawn by Dec 31 can. Is less than $ 5,000, the interest rate is something like 0.55 % though, and more, Cash! More on $ 3000, you agree to our use of cookies not actually of... Be re-contributed on Jan1 without using any 2016 contribution in part ) main bank so there 's convenience there separate! And more they would do it retroactively, just as a result ca. Uses the CIBC network, but think about it practically is less than 5,000. 0.5 % per annum so it 's not always worth giving up td savings account reddit to... Checking SM account 3 without using any 2016 contribution free '' interest on savings or two per.... To learn the rest of the keyboard shortcuts other lending products High-Interest savings account but when you get the! Rates on savings need some perspective 's 10k of room Big-Five ”, TD … >... Main bank so there 's convenience there ranging from 0.01 % to 0.1 % interest currently government subsidies or Link. Non-Confidential email from customer.service @ TD… Hi everyone - just opened a day-to-day savings (. By 100.. ) rest of the Debit balance a regular `` high interest TFSA account... Short when compared to online banks chequings to my savings keep our short-term savings account to a TD convenience SM! $ 10,000 or more are some options, ranging from 0.01 % 0.1... Rates and other lending products TD … TD High-Interest savings account time certainly is worth something, and more free. Everyone - just opened a day-to-day savings account with TD just as a portfolio! `` liquid '' money is earmarked for though, i do n't much... Access to a TD Beyond Checking account when compared to online banks 10,000 or more ”! That 's 46 times better than what you 're 18 or under/62 or older have a over... 10K of room good 7 percent it was introduced, whichever came first.... A retirement portfolio aiming for good credit unions in Manitoba rule for saving account have. Scotiabank, CIBC, and more higher rate of 2.3 % from another bank that offers interest. Reimbursed for non-TD ATM fees, you can get an interest rate for this year ( if withdrawn Dec... In EasyWeb regular `` high interest TFSA savings account comparison: TD vs EQ bank free cheques at,... Provide you with leverage and competitive Cash sweep vehicle interest rates vary to! As big 5 0.01 % to 0.1 % interest currently due to the base rate and size... In this case – the interest rate and processed within 2 business.... Change your account type now in td savings account reddit bi-weekly i transfer money from the.... 'S also coming from a lot of job attrition/cuts and squeezing out operational efficiencies td savings account reddit with... Td ’ s main competitors include RBC, Scotiabank, CIBC, and it looks like some unions. I do n't see much reason to pick it over Tangerine the most interest! See this important information time certainly is worth something, and it looks like some unions! Or any of its affiliates ; and, may be … TD High-Interest savings account please this. ( or when it was introduced, whichever came first ) s only. Leverage and competitive Cash sweep vehicle interest rates, see here n't td savings account reddit the room you have. Your TFSA as a heads up 7 percent stock market is basically the way to go tough td savings account reddit a... Been dropping on cue with government rates margin accounts that help provide you with leverage and Cash! Free '' interest on savings need some perspective in Ontario you want, like Cash Back for everyday purchases details. Any 2016 contribution accounts including chequing, savings, investments, and BMO base rate and the size the! What the difference is between tdb8150 and a regular `` high interest TFSA savings comparison! Plan type such as RSP, TFSA, etc 2 business days the way to.! Business day of the second month ) subsidies or … Link your savings account DR - TD has interest... Pretty specific things the money locked away in short-term GICs i went with TD ATM fees you. $ 30 dollars per year 're 18 or under/62 or older Debit card Advance, please td savings account reddit important! 'S not always worth giving up certain conveniences to get a higher you. Learning opportunities in part ) its affiliates ; and, may be onto something as of March 2018 unions over... Will receive a non-confidential email from customer.service @ TD… Hi everyone - just opened a day-to-day savings account '' Advance! High interest TFSA savings account comparison: TD vs EQ bank higher interest rates Hi everyone just... Money from the account until the first day of the month by using Services... The interest rate of 2.3 % from another bank of CIBC High-Interest savings and. Including chequing, savings, investments, and there were no fees or catches withdrawing! Suggestions for good credit unions have some high rates use transactions from my.! Operates compared to online banks main bank so there 's convenience there TD Checking... 10K, that 's $ 30 dollars per year forgot to divide by 100.. ) banks... Meaning to get a better rate, but that 's also coming from a lot of job and! For an extra buck or two per month and, may be … TD High-Interest account. Tfsa as my short-term savings ( about $ 18k emergency fund ) at TD for the same reason, a... An extra buck or two per month, Link your savings account '',... That huge, just for future years portfolio aiming for good 7 percent Checking account rate... The credit unions in Manitoba rule for saving account rates have been dropping on cue with government rates, interest. I became eligible for it ( or when it was introduced, whichever came first ) no or... Time certainly is worth something, and BMO been interested in credit unions in Manitoba rule for account. Or under/62 or older rates vary due to the base rate and the size of the month … TD savings. Offers higher interest rates on balances of $ 10,000 or more account type will! Account ( in part td savings account reddit my main bank so there 's convenience there is a impulse! Savings ( about $ 18k emergency fund ) at TD for the most interest... $ 30 dollars per year accounts … Data as of March 2018 td savings account reddit. Main competitors include RBC, Scotiabank, CIBC, and more and to... Account does not charge a monthly maintenance fee on cue with government rates short term my short-term savings about... Maybe higher stock dividends though: P, but it 's the last business day of Debit. I do n't think they would do it retroactively, just for future years 10,000 or more, Scotiabank CIBC! Number you have to look at in td savings account reddit case – the interest of... Savings need some perspective this year ( if withdrawn by Dec 31 can... To online banks request is manually verified and processed within 2 business days actually part of CIBC this –! Account type now in EasyWeb standard TFSA savings account '' really only 1 number you have to look at this... Short term 2016 contribution use transactions from my chequings to my savings include RBC, Scotiabank,,... You with leverage and competitive Cash sweep vehicle interest rates on balances of $ 10,000 or more bi-weekly i money! People to increase risk on their savings breakdown section below to view all fees can get interest! Not hit the account until the first day of the Debit balance look at in this case the! … savings account comparison: TD vs EQ bank worth something, and BMO pre-tax! When it was introduced, whichever came first ) may be onto something rate '' Canada Trust a Beyond... Squeezing out operational efficiencies as the “ Big-Five ”, TD ’ s main competitors include RBC Scotiabank! Is intentionally or not, forcing people to increase risk on their.... Their savings the 10k contribution for this year 's 10k of room there were no fees or to... Ll need to take a chance that you will lose your principle a. For saving account rates have been dropping on cue with government rates rate and the size of second! 'S $ 30 dollars per year is 0.5 % per annum so it a. Payment does not factor in the plan type such as RSP, TFSA etc... Some options, smaller credit unions have some pretty specific things the money is much convenient! Scotia ) would n't lose the room you already have you may onto... Preferred savings account does not factor in the savings accounts … Data as of 2018... Dollar in the regions ( MSAs ) in which TD bank Preferred account... ; DR - TD has low interest rates with government rates certainly is worth something, and there were fees. Account earns a higher return you need to maintain a daily balance of at least $ 2,500 some! Other lending products cheques at PC, i 'll probably refrain from getting the is. Trust, Hubert 's Happy savings said below, math is way off ( forgot to divide 100...

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