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Email this6:16 pm
November 19, 2014
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Got emailed this offer from TDCT today (of all the unlikely sources!)
""""Want your savings to work hard and grow faster? Let us show you how easy it is with this special offer:
Open a TD High Interest Savings Account by October 30, 2015. Deposit $5,000 or more to earn an EXTRA 1.60%1 on top of the posted interest rate2 on every dollar until January 31, 2016.""""
Their current posted rate is 0.55%
7:37 pm
October 21, 2013
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Thanks, Koogie.
Its about time they offered something.
Can you give us any more details, or a link?
Does it have to be a new account?
Would the bonus rate kick in as soon as the money was in the account?
Would it apply to subsequent deposits or only what is in the account as of Oct 30?
6:51 am
November 19, 2014
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Here is the full text of the email:
Dear Koogie,
Want your savings to work hard and grow faster? Let us show you how easy it is with this special offer:
Open a TD High Interest Savings Account by October 30, 2015. Deposit $5,000 or more to earn an EXTRA 1.60% on top of the posted interest rate on every dollar until January 31, 2016.
Open a TD High Interest Savings Account by October 30, 2015
With a TD High Interest Savings Account, you'll see how easy it is to make your savings grow and you’ll get:
A high interest rate, with interest calculated daily
No monthly account fee³
Automated savings plan options that help you build your balance faster, hassle-free
Remember, the sooner you open your account and the more you deposit, the more you’ll earn with your bonus 1.60% interest rate!
Sincerely, TD Canada Trust
¹ Your TD High Interest Savings Account will earn, commencing on the second business day after account opening, on balances of $5,000 or more, extra interest of 1.60% per annum (“Bonus Interest”) above the posted interest rate for this type of account until January 31, 2016. Posted interest rates only shall apply thereafter. Interest is paid monthly on the total daily closing balance of each tier of the Account. Bonus interest will be calculated separately from the regular interest and will be credited to the Account at the end of the month. For accounts opened via the phone, account opening documentation must be signed and returned to TD Canada Trust by October 30, 2015. Interest rates are subject to change without notice. This offer is valid for the recipient name printed on this piece only and is not transferable. Cannot be used in conjunction with any other offer.
9:04 am
September 11, 2013
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My wife and I had a joint account with TD for about 40 years and last year or so she got this offer and I didn't. We had enough that we wanted two accounts to take advantage of the deal but they refused to give me the deal, only my wife was chosen by their marketing dept was what the what looked like 16 year-old manager told me. That was hilarious, given that my wife has never had anything to do with handling our money but it wasn't important enough to pursue so I said forget it.
12:27 pm
October 21, 2013
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Thanks, Koogie.
I think TD has just given me the excuse I needed to hurry up and get my money out of there. They obviously don't care about those of us who already have money in this account. .55% is an insult when almost every other financial institution offers more, and many offer substantially more.
I may just close the account altogether.
12:10 am
April 2, 2015
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I just got this msg when I logged into my TD account. as an existing customer.
just moved money out of PC since I can't add any more anyways for there special. moved it all over last time. maybe it'll it sit at TD for a few months. then I can move it back to PC when they do theirs again.
I did not see a max amount. Bill there seems to be one if you wanted to split it? what is the max? doubt I am near it though!
4:18 pm
September 11, 2013
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This seems to be the same offer to targeted customers as they had before. We have a joint account and only my wife got the offer when she logged in to her account today. It's 1.6% plus regular .55%, thus total 2.15%, until January 31/16, make sure to put in at least $5K, $25K to avoid transaction fees.
9:08 pm
April 2, 2015
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fees for transferring over 25k? is that from TD to deposit or from PC to remove?
I've never been dinged before but never moved that much.
already transferred more then that online. hopefully no big dings!
9:33 pm
October 21, 2013
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I believe it's a minimum balance of 25K in order to avoid transaction fees. Nothing to do with moving a certain sum of money per se.
8:28 pm
April 6, 2013
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The TD High Interest Savings Account has a $5 fee per withdrawal, if one doesn't maintain a $25,000 minimum monthly balance!
- $5 fee for Debit Transactions1
- Non-TD ATM withdrawals for $1.50 each within Canada
- Foreign ATM withdrawals (inside U.S. and Mexico) are $3 CDN each
- Foreign ATM withdrawals (outside Canada, U.S. and Mexico) are $5 CDN each
That needs to be taken into consideration should there be no subsequent offer from TD after January 31, 2016, the rate drops to 0.55%, and one wishes to transfer the money out.
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