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The TD High Interest Savings Account gives you a 0.05% return on interest when you hold a balance over $5,000. It also comes with no monthly account fees and unlimited transfers to your other TD bank accounts. Just be aware that you’ll have to pay $5 every time you make a withdrawal on this account unless you keep a minimum balance of $25,000, in which case all transaction charges will be waived.
The TD High Interest Savings Account is a mid-level savings account that lets you earn interest on any balance over $5,000. This account also gives you unlimited free transactions if you can keep a minimum balance of $25,000. If you’re unable to do so, you’ll have to pay a $5 fee per transaction. You’ll also pay additional fees for ATM withdrawals regardless of whether you meet minimum balance requirements.
You can take advantage of the following benefits with the TD High Interest Savings Account:
While this account can be a good investment for some customers, there are a handful of drawbacks that you may want to watch out for:
It’s easy to open a TD High Interest Savings Account when you follow these steps:
To apply for a TD High Interest Savings Account, you’ll need to meet the following criteria:
To withdraw your funds from this account, you can send an internal transfer to another TD account for free. You can also pay $5 to withdraw money using an ATM or by making a purchase on your debit. You can also authorize an automatic withdrawal on this account, such as for a bill payment.
To put money in your account, you can cash a cheque or deposit cash into your savings account by visiting a TD branch. You can also transfer money directly from an external bank account or your TD chequing account. Just keep in mind that you may have to pay a $5 fee for many of these transactions unless you keep a minimum balance of $25,000 in your account.
You can get in touch with TD by using a number of different channels:
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