TD Bank Up To 1.25% APY On Select Savings Account [CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA]

Offer at a glance

• Interest Rate: 1.25% APY
• Minimum Balance: $25,000
• Maximum Balance: $999,999
• Availability: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA
• Direct deposit required: None
• Additional requirements: Introductory rate
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Up to $300
• Monthly fees:
• Insured: FDIC

The Offer

Direct link to offer

• Open a new TD Select savings bank online and you can get an introductory rate of 1.25% APY when you do the following:
  • Link your active personal Checking, Mortgage, Home Equity, Credit Card, or active Small Business Checking
  • Make at least $25,000 in new deposits
  • Maintain a daily balance of at least $25,000 and no more than $1,000,000

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has a monthly fee of $15 (or $14 with eStatements) and you need a minimum daily balance of $15,000 to avoid the fee.

Our Verdict

This offer sucks, they don’t say how long the introductory APR lasts, you need to be an existing TD Bank customer (there is a $300 bank bonus worth doing) and the APY they offer after the introductory period is low (see image below)

In addition to this TD Bank doesn’t even state how long the introductory period lasts for. If you’re looking for a high interest account, there are so many better options out there. You might also just be better off going for a savings account sign up bonus instead.

Hat tip to reader Yet Another Redditor