• TD Canada Trust No Fee Savings Account Review

    TD Canada Trust offers Canadians three different no fee savings account options to choose from. The first one is an all purpose savings account that you can still access and use for transfers but doesn't pay the greatest interest. The next savings account option offers half decent interest but you need a minimum $5,000 balance to start earning any interest. The best and highest interest rate comes with their premium savings account that offers a great interest rate but you need a minimum balance of $10,000 or more to start earning any. Overall TD Canada Trusts savings account options aren't very competitive.

    1.) TD Every Day Savings Account Review (0.05% Base Interest)

    The TD Every Day Savings Account is your all purpose savings account that does not require a minimum balance and allows easy access to funds for transfers. This account even provides one free transaction per month. The main drawback of this account is the tiny amount of interest it pays. At 0.05% it really isn't competitive and you can find many better savings accounts in Canada that require no minimum balance.

    TD Every Day Savings Account Details


    Monthly Fee: Free
    Interest Rate: 0.05% on all balances
    Transactions: 1 Free Transaction per month. Additional Transactions $3.00 each
    Transfers: Free transfers to and from your TD Accounts

    2.) TD High Interest Savings Account Review (0.50% Interest $5K Min Balance Required)

    The TD High Interest Savings Account is a mid range savings account that requires a minimum balance of $5,000 to begin earning interest. The interest rate on this account is okay but nothing special. This account does offer lower transaction fees compared to other savings accounts. And you can avoid all ATM and other transaction fees with a minimum balance of $25K.

    TD High Interest Savings Account Details


    Monthly Fee: Free
    Interest Rate: 0.50% on all balances
    Transfers: $5.00 for Debits and other transactions. Free transactions on balances of $25K or higher
    Transactions: Free transfers to and from your TD Bank accounts.

    3.) TD ePremium Savings Account Review (1.20% Interest $10K Minimum Balance)

    The ePremium Savings Account is the most competitive savings account TD Bank offers Canadians. The Interest rate is pretty good at 1.20% on all balances, but you need a minimum balance of $10K for this account. There is no monthly fee and you only pay fees on transactions like ATM withdrawals.

    TD ePremium Savings Account Details


    Monthly Fee: Free
    Interest Rate: 1.20% on balances of $10K or more
    Transfers: Unlimited transfers to and from your TD Accounts
    Transactions: $5.00 for ATM and other Debits.

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