TD Bank
TD Bank is offering $200 bonus for opening their TD Simple Savings or TD Beyond Savings Account. The offer is valid online. To be eligible, you need to open the savings account and deposit at least $10,000 within 20 days of account opening and hold that balance for 90 days.
Although TD Bank charges account fees of either $5 or $15, it can be avoided by fulfilling minimum deposit requirement or qualifying activities. TD Bank offers negligible APY on its savings accounts.
Besides the Checking offers, TD also have $200 dollars savings offers. Link for TD Bank Checking Offer
TD Bank Savings Account Bonus Summary
Bonus – $200
Account – TD Simple Savings or TD Signature Savings
Deposit – $10,000 within 20 days
Availability – Select States (CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA)
Offer Expiry – October 31, 2023
Account Fees – $5 or $15 monthly (See below on how to avoid it)
Link for the Offer
Saving Bonus Requirements
- Open a new account using the link
- Deposit of $10,000 within 20 days of account opening
- Maintain a balance of at least $10,000 for 90 days from the date the deposit requirement is initially met
BonusCoach’s List of Best Bank Account Bonus
Saving Account Fees | How to Avoid It?
TD Simple Savings Account – $5 monthly. To avoid it:
- Maintain a $300 minimum daily balance.
- Link your savings account to a TD Beyond Checking account.
- If you’re under 24 and link your savings account to a TD Convenience CheckingSM account.
- Make recurring $25+ transfers from your linked TD Bank checking account.
- $0 if you’re under 18 or older than 62.
TD Signature Savings Account – $15 monthly. To avoid it:
- Maintain a $10,000 minimum daily balance.
- Link your savings account to a TD Beyond Checking account.
Early Account Termination Fees
There is no mention of early termination fees. Account must remain open for 180 days, else the bonus could be forfeited.
The Fine Print
Savings offer is not available to existing TD Bank personal savings or money market Customers, prior Customers who have had a TD Bank personal savings or money market relationship within the preceding 12 months, or Customers who have received a bonus on a previous savings or money market account at any time. Accounts must be opened online and through a qualifying website.
To qualify for the $200 personal savings cash bonus, new personal savings Customers must open a TD Signature Savings or TD Simple Savings account (CDs, IRAs and Money Market accounts excluded) and deposit $10,000 or more in new money within 20 calendar days of the account opening date. Once the deposit requirement has been met, you must maintain a minimum daily balance of $10,000 for 90 calendar days from the date the deposit requirement is initially met.
New money is funds that are not currently held in a TD Bank retail deposit account. Broker, municipal, commercial and small business deposits are not included. The primary owner of the new personal savings account must be the person who supplies a Social Security Number for tax reporting purposes.
Once the offer criterion is met for all qualifications, the bonus will be credited into the new personal savings account no later than 140 days from the account opening date. Accounts must remain open, active, in good standing and remain in a qualifying product type in order to receive the bonus. If the savings account is closed by the Customer or TD Bank within 6 months after the account opening date, TD Bank reserves the right to deduct the bonus amount from that account at closing. TD Bank may issue you an IRS Form 1099-MISC, or other appropriate forms reporting the value of the bonus. Offer may be withdrawn at any time and is subject to change. TD Bank Employees, existing TD Bank checking, savings, and/or money market Customers and Canadian Cross-Border banking Customers are not eligible.
Final Thoughts
TD Savings account bonus is a good bonus since they offer $200 for depositing $10,000 and holding that balance for 90 days. However, it is worth noting that they offer negligible interest – so that $10,000 is not earning any extra. We recommend other savings account with better APY.
Updates
11/01/2022 – Offer is extended till October 31, 2023.