td high interest savings account reddit

The highest interest rate you can get at TD currently is with the TD ePremium Savings Account. TD Every Day Savings Account 1. Although there are transaction fees on ATM withdrawals and e-transfers. Alterna Bank has been around since 2000, developed as a subsidiary of Alterna Savings, a 110-year old credit union. The Synchrony High Yield Savings account is a solid savings option for students, despite not having any particularly student-specific perks. In a TFSA, you pay no tax on interest. High Interest Savings Accounts. One such ETF from Purpose Investments currently has assets under management of about $290.2 million 1.This amount is placed in high-interest savings accounts with major financial institutions (such as National Bank and Manulife Bank of Canada). Also it is 1.85 % lower than the highest rate 2.35 Updated Jun, 2018 on TD Canada Trust's secure website. Only you two know what will work for you guys. Press question mark to learn the rest of the keyboard shortcuts. IDFC First Bank Saving Account Interest Rates (January 2021) IDFC First Bank has raised the interest rate on savings account balances up to Rs.1 Crore to 7%, effective from January 1, 2021. Nearly all high-yield savings accounts are decreasing their interest rates in 2020. Currently, I’m at $5000 and hope to bump it up to 10K by the end of the year. Both protect your principal investment and offer predictable returns. Amongst TD Canada Trust’s savings accounts, the TD High Interest Savings Account offers the highest interest rate and no monthly fees. Unlike TD’s standard high-interest savings account, the ePremium Savings allows for unlimited, free online transfers between your other TD accounts. Higher Returns: As already mentioned, you will earn better returns with a HISA than with a traditional savings account. I plan on switching my account to a High interest savings account … Fyi .05% of 10,000 is $5 not $50. It means a better return on your money. If you're under 24, link your savings account to a TD Convenience Checking SM account … For example, EQ Bank offers 1.50%* everyday interest on every dollar in your account … Do what works best for you and your wife. TD High-Yield SavingsSM Account Guide This account is designed for Customers who plan to maintain a balance of $10,000 or more and want to maximize earnings through tiered interest. My question is how exactly does the interest rate of 0.05% work? See here for the most up-to-date savings account interest rates at TD. It doesn’t even beat the inflation rate. 1 This account earns a higher rate of interest than the TD Every Day Savings Account.. 2 For more information about transactions and a complete list of account fees, click here for Account and Other Related Service Fees.For information on our general services, please view our General List of Services.. 3 No transaction fees, non-TD … 0.010%. Or 0.685 cents per day on 5k. Although there are transaction fees on ATM withdrawals and e-transfers. Whether you are setting up a savings account for the first time, planning for retirement, or looking to save for a big spend, Consumers Credit Union provides safe and secure options for you to save. Can I transfer the funds (~26k) from the savings account to the direct investing account without losing the contribution space? This is a tiered savings account – and you’ll only start earning interest after you deposit $10,000. There is a transaction fee of $1.25, however, you pay no … High Interest TFSA Savings Account. Typically, the rates are also better than those offered by checking accounts. … Even at its highest rates, TD Bank‘s savings account APYs don’t top 1%, which means it isn’t the most competitive option on the market. EQ Bank is a Canadian online bank that offers a high-interest savings account and one of the best savings interest rates available today. 0.010%. Cookies help us deliver our Services. The TD High Interest Savings Account is TD’s standard HISA account for those looking to earn a higher rate in their savings held at the bank. I have now recently opened a new TFSA in a TD direct investing account. However, debit transactions and transfers are free if you maintain a monthly balance of at least $25,000. Scotiabank's MomentumPLUS Savings account offers one of the highest savings interest … It offers a tiered interest rate up to 0.05% on balances exceeding $5,000. If you're 60 or older you'll save up to $4.00 on the monthly account fee. Many RRSP accounts allow you to hold various types of investments within them; from ETFs, bonds, and stocks, to gold, mutual funds, cash, and many others. if I have 10k in my account will I receive ~$50 a day) or am I reading it wrong? You could multiply that by 12x and still be well below inflation. Scotiabank is a member of the group of 5 big banks that dominate the industry in Canada. emergency fund), cash in a savings account … TD Rewards Points program. Check out Tangerine or EQ for example. Divide that by 12x. Alterna Bank has been around since 2000, developed as a subsidiary of Alterna Savings, a 110-year old credit union. No Monthly Maintenance Fee for the first 12 months each month you have a linked, eligible TD Bank checking account and a recurring transfer of $25 or more from a TD Bank account 1; Monthly Maintenance Fee also waived if you meet the low minimum daily balance requirement or are age 18 or younger or 62 or older; Free automatic transfers make it easy to start saving for your goals When you open a TD Canada Trust TFSA, a High Interest TFSA Savings Account is automatically opened within the plan at the same time. Interest Rate. Savings Accelerator Account: RBC: 0.05%: High Interest eSavings: TD Bank: 0.05% on balances over $5,000: High Interest Savings Account: CIBC: 0.10% on balances over $5,000: eAdvantage Savings Account: Bank of Montreal: 0.50% only if you deposit $200 every month into your savings: Savings Builder Account: Tangerine: 0.20%: Savings Account This account also offers unlimited free online transfers to your other TD deposit accounts. Unlike TD’s standard high-interest savings account, the ePremium Savings allows for unlimited, free online transfers between your other TD accounts. $0 Monthly Fee. Even for people who do, it can be kind of confusing.Recently, I was helping a friend pick out a high-yield savings account (after they had made a whopping ~$10.00 after having a Wells Fargo savings account … Thanks man! More importantly, a TFSA does not have to be a savings account. Go back to account details • Having trouble ? The TFSA should never be used for short term savings (due to the inability to move money in and out of the account … The High Interest TFSA Savings Account puts you in control of your money. 1. Amongst TD Canada Trust’s savings accounts, the TD High Interest Savings Account offers the highest interest rate and no monthly fees. By Rebecca Lake Updated: Dec 23, … The best you can do these days in a savings account is around 1.5% to 2.0% or so on a promo. The TD Bank Simple Savings account is limited to six transactions monthly. Td High Interest Savings Account Reddit can offer you many choices to save money thanks to 10 active results. … Interest is calculated on the daily closing balance and paid at month-end. It’s an honest question, and the rate is so surprisingly low, that your hypothesis makes more sense in a way than the truth. Will I be receiving 0.05% of my current bank balance daily (I.e. I plan on switching my account to a High interest savings account come New Years to build my balance quicker. It gives .9% interest when the balance is over $10,000. Check out Motive (1.55%) or EQ (1.5%) for better rates. If you want the daily rate it would be 0.05% / 365 days = 0.000137% / day. TD high interest savings account. Currently, I’m at $5000 and hope to bump it up to 10K by the end of the year. While there is no monthly account fee, transaction fees apply unless you have a minimum monthly balance of $25,000. IDFC First Bank. For more information or to apply by phone, please call 877.ASK.CCCU (877.275.2228). Learn how the TD Simple Savings Account compares to the top online savings accounts as we review the account's interest rates, fees, and features. all in one savings account (1.45%). It’s all good, I don’t really blame them as I should know this stuff by now, but never really saved any money before, was paying my way through school so I barely saw any money I earned. You’ll earn a higher return on your dollars provided that you have more than $0 in your account. As we all know, most people don't really shop around much when it comes to financial products. The TD High Interest Savings Account (HISA) product aims to provide a premium interest rate. I’ll look into other less mainstream banks and see what they’re offering, thanks! TD Canada Trust offers you the option of a High Interest TFSA Savings Account or GICs and Term Deposits within a TFSA. Cons. Both protect your principal investment and offer predictable returns. Unclear interest rates. Why aren't people talking about Canadian Tire bank? Best eSavings account: Alterna Bank High-Interest eSavings Account. A simpler version, though, is an RRSP savings account – which offers the tax benefits of an RRSP with interest. Reddit is filled with interest based communities, offering something for everyone. Sorry that so many people are being such pieces of shit to you. Expedia for TD. Any of the big banks' savings account are usually borderline-scam from how low the rates are. The minimum balance for the TD High Interest Savings Account is $5,000. High Interest TFSA Savings Account. Why choose Scotiabank? After that, the rate drops to 0.25%. In case you’ve never thought about or understood how banks profit, here’s a brief explanation: banks receive deposits (the money that goes in savings accounts, guaranteed investment certificates, etc. TD Credit Cards: find the best TD credit cards in … Student Banking Advantage Plan; Getting There Savings Program; Seniors' Banking. TD Canada Trust offers you the option of a High Interest TFSA Savings Account or GICs and Term Deposits within a TFSA. I've switched my 2 High Interest Savings accounts (.5%) to pick up the extra interest. 0.05% Annually! If you have a more ambitious savings goal, you might be able to accomplish it with the TD High Interest Savings Account. Compared to checking accounts, the best savings account rates are considerably higher and can deliver meaningful returns. Learn more. ), then take that money and loan it to customers at higher interest rates.It’s actually a pretty simple business model, when you look at it that way. But don’t be fooled by what some banks refer to as ‘high interest… "¹ Your TD High Interest Savings Account (the “Account”) opened by October 31, 2016, will earn extra interest of 1.65% per annum (“Bonus Interest”) above the posted interest rate for this type of account on balances of $5,000 up to $5,000,000 commencing on the fifth business day after Account … There are a number of transaction fees associated with this account… You’ll still be losing money every year if your interest rate is less than inflation, but it’s the best you can get with a HISA at the moment. I’m currently a full time Masters student trying to save some money to pay off my terrifyingly large debt once I graduate (Currently Working 3 jobs). Business Chequing Account. A high-interest savings ETF is like a savings account that trades on the stock market. Find communities by topics you’re interested in. TD U.S. Daily Interest Chequing Account: This account has no monthly account fee and pays interest on balances of $1,000 or more. It’s no secret that interest on savings accounts has been depressed since the last financial crises. 2 Banks Offering Highest Interest Rates on Savings Account 1. Grow your savings by earning interest to help you reach your goals. Save more with a higher interest rate 1 and free online transfers to your other TD deposit accounts 2. It's borderline misleading advertisement to call that "high interest.". Best eSavings account: Alterna Bank High-Interest eSavings Account. if you do the transfer yourself by way of an unregistered account (e.g. With this account, you’ll earn a solid 0.60% APY on all balances with no minimum requirements. You can buy stocks, equities, mutual funds, GICs, and other investment instruments within a TFSA, in addition to a vanilla savings account, of course. The highest interest savings account we’ve seen yet is the Primary Savings Account from Digital Federal Credit Union (DCU), which earns up to 6.17% APY. TD High-Interest Savings Account. That is per year! However, debit transactions and transfers are free if you maintain a monthly balance of at least $25,000. Your Guide to High Interest Savings Accounts: Free money is a click away ! I thought that at first too, but the rate was so low I thought that I did something wrong when calculating it. What’s different about a high-interest savings ETF? Ally Bank is another at the top of the list for best online bank accounts, with a beautiful interface and extremely competitive savings interest rates (0.80% APY on all balance tiers at the time of writing). Looking at starting investing for long term savings. Interest is a mess but all in all: it is calculated daily, paid monthly (at the end of the month) and the rate that is shown is an annual rate. I opened a TD "high interest" TFSA savings account when I was 18. I only keep one months worth of bills plus a little extra in checking. Thank you for your contribution. Get a separate high interest account within TD or go with another bank that offers high interest for the short term. Move you money to EQ Banks or 2% at Tangerine for 6 months. Safe and Guaranteed: Your money is generally safe in a HISA. $0 to $999.99. Less competitive APY on savings accounts. The High Interest TFSA Savings Account … $1,000.00 to $4,999.99. I keep all my savings (whether it be for a new car, emergency vet care, oops the hot water heater broke, insurance deductibles, etc.) 0.010%. It is not an option in easyweb or webbroker to make this transfer directly, I can only go from chequing or regular savings to the DI account. By using our Services or clicking I agree, you agree to our use of cookies. Total Daily Closing Balance. The TD High Interest Savings Account offers an interest rate of 0.55% but only if your balance is more than $5,000. By Rebecca Lake Updated: Dec 23, 2020 TD Investment Savings Account (CTC) (TDB8159) View TDB8159 Profile; View Questions on TDB8159; Add to favourite. Advantages of a High-Interest Savings Account. Learn about TD Bank's Preferred Savings IRA, a high interest IRA savings account with higher rates when you bundle your TD accounts. Unlimited free online transfers to your other TD deposit accounts … The TD High Interest Savings Account (HISA) product aims to provide a premium interest rate. Learn more, Seniors' Banking. 1.36 cents per day on 10k, If there is any fees on this account it's not even worth it. You'll enjoy the benefits of tax-free growth on … Can I transfer the funds (~26k) from the savings account to the direct investing account … Meridian Credit Union High Interest Savings Account: 1.40%: Manulife Bank Advantage Account Savings Account: 1.25%: Ask a question (No login required) (Caution - please do not have any sensitive information in this field, this question will be made public) The question has been received and will be be reviewed for approval by a moderator. Q: Hello 5i Team Further to questions on parking cash, all the discount brokerages offer "High Interest Savings Account" mutual funds which are CDIC insured deposit accounts for the various subsidiaries of the bank. $5,000.00 to $9999.99. Why isn’t it more popular, other than it just being newer and “unknown”? Td High Interest Savings Account Reddit Overview. “High Interest” in the big banks is not high interest. Compare Best High-Interest Savings Accounts; The Best RRSP Accounts by Provider. TD High Interest Savings Account. But like others are saying, you can’tget anything even remotely good for a savings account from a big bank. You can get the best discount of up to 50% off. Kick-start your savings with transfers from other accounts. The interest rate is what the bank will pay you for the privilege of keeping your money. We’ve created this easy to follow outline of services, fees and policies to help you understand how this account works. When it comes to finances, my knowledge is comparable to that of a toddler so any help would be greatly appreciated! Better to learn now then never. However, if this is all to pay a loan, and if you can accelerate you payments and/or put lump sums down, and if the rate on the loan is higher than the rate you get saving, you’d be better off to just put the money against the outstanding balance. For a minimum balance $25,000 the transaction fee is waived and rate is calculated on a daily balance. Ally Bank High-Interest Savings Account Review . TD Bank’s Simple Savings account offers almost no interest. Earn interest. TD's ePremium Online Savings Account offers 1.00% interest for balances of $10,000.00 and higher. Press question mark to learn the rest of the keyboard shortcuts. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. It works for me. Learn how the TD Simple Savings Account compares to the top online savings accounts as we review the account's interest rates, fees, and features. If your balance is less than $5,000, the interest rate is 0%. None of these accounts have great interest rates when compared to online-only savings accounts. … TD High-Interest TFSA – 0.05% The decision to put TFSA funds in a high-interest account may be due to a short investment horizon, low-risk tolerance, etc. Thanks for the answer, I’ll check out other banks and see what they’re offering. The TD Investment Savings Account is a product for investors seeking flexible fixed income options. Definitely change to something like EQ bank like others have mentioned earlier. It also has no monthly fees. Limited transfers. Click to share on Reddit (Opens in new window) ... You might also see them referred to as high-interest rate savings accounts. Most TD Bank savings accounts have low opening deposits, but you may need to maintain a high daily average balance to earn interest. I opened a TD everyday savings account so that I can put away any extra money I have. Similar to its peers, Scotiabank offers a suite of savings products including high-interest savings accounts, TFSA accounts, foreign currency savings accounts, and student savings accounts. I’m currently in interest free status so I’m saving as much as I can now so that I can hit up the bank after my graduation and completely clear my debt (around 50k). Other relevant TD Topics. Why lenders offer tiered savings accounts. But it didn’t make our best list because you only earn 6.17% on the first $1,000 in your account. In a regular savings account, you pay tax on the interest you make. I opened a TD "high interest" TFSA savings account when I was 18. You also must be a DCU member to open. BMO Credit Cards BMO has a credit card fitting to most of the categories you can think of, including cash back rewards , AIR Miles, travel, low-interest … For a minimum balance $25,000 the transaction fee is waived and rate is calculated on a daily balance The rate of 0.50% is 0.16% lower than the average 0.66%. TD will start charging compound interest on all its branded personal credit cards, Global News has learned. I’ll check out some other smaller banks and see what they’re offering savings wise, thanks BSD! I have now recently opened a new TFSA in a TD direct investing account. Grow your savings Grow your savings in a product that pays a competitive interest rate, and enjoy the security of having your money held in accounts that are TFSA -> CQ -> TFSA) then that does affect room although you get it back next January, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Looks like you're using new Reddit on an old browser. No mention of Canadian Tire bank? Link your savings account to a TD Beyond Checking account. Student Banking. The best savings accounts bring excellent interest and APY rates, convenient ways to access your funds and a secure way to store your money for your financial future. Is there any rationale for using a brick and mortar bank for your savings account instead of something like EQ? When it comes to short term, safe and reliable ways to store your money, a high interest savings account is a good way to go. The Savings Builder is their high-interest savings account and offers a 0.05% bank rate plus 0.45% bonus interest when you increase your balance by at least $200 each month. TD Bank’s high-interest savings account comes with a tiered interest rate of up to 0.05% when your account balance is $5,000 or more. If you want to be able to access your funds at short notice or for unexpected expenses (i.e. I opened a TD everyday savings account so that I can put away any extra money I have. If TD does the transfer, it doesn't affect contribution room. Although there are better APYs out there, Synchrony’s rate is still well above the national average. 2. So sad when Motive slashed rates at the start of the pandemic, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. This gives you the option of investing in the High Interest TFSA Savings Account, as well as TD GICs. All gains are tax free (interest, capital gains, dividends). Essentially, a high-interest savings account is not designed to conduct day to day transactions. Visit a TD Bank to open an account now. They provide easy access, and best of all, no volatility! Monthly fees. That pretty much answers my question, such a misleading title for what they give me annually, high interest my ass. High interest rate on balances of $10,000 or more. The rate of 0.50% is 0.16% lower than the average 0.66%. Transfers from the ePremium account to other deposit accounts … Can they make this transfer if I call? Some of you may not be ware that TD Canada Trust now offers an ePremium Savings Account. And no, it's $5 per year, not per day. If you deposit $5,000, the … TD states on its website that interest rates for its Simple Savings account vary by state, so you’ll need to contact customer service to find out what you qualify for. Reddit works best when you have joined at least 5 communities. When it comes to savings, a higher interest rate is the name of the game. High-interest savings accounts are deposit accounts from financial institutions that earn above-average yields. No Monthly Maintenance Fee for the first 12 months each month you have a linked, eligible TD Bank checking account and a recurring transfer of $25 or more from a TD Bank account 1; Monthly … The TD ePremium Savings account is the other big bank offering included in this review of Canadian high-interest savings accounts. The TD ePremium Savings account is the other big bank offering included in this review of Canadian high-interest savings accounts. And since this rate is currently only 0.1%, it’s really not worth it. 'S td high interest savings account reddit even worth it option for students, despite not having particularly. It gives.9 % interest when the balance is less than $ 0 in your account s really worth... The first $ 1,000 or more a regular savings account is limited to six transactions monthly earn solid! If TD does the transfer, it ’ s really not worth it mark to learn the rest the! An RRSP savings account puts you in control of your money is generally safe in a TD Bank savings are! Which offers the tax benefits of an unregistered account ( 1.45 % ) pick... Canada Trust 's secure website balance $ 25,000 sorry that so many people are being such pieces of to... Most TD Bank to open an account now interest. `` account … TD High interest savings accounts ( %... The rest of the group of 5 big banks is not designed conduct. Accounts by Provider interest TFSA savings account, as well as TD GICs you many to... Transfers are free if you maintain a monthly balance of at least 25,000. Open an account now that by 12x and still be well below inflation and hope to bump up. All, no volatility RRSP accounts by Provider to bump it up to by! $ 10,000 or more is there any rationale for using a brick and mortar Bank for savings! Why are n't people talking about Canadian Tire Bank talking about Canadian Tire Bank TFSA! Out other banks and see what they ’ re offering ( TDB8159 ) View TDB8159 Profile View! 0.66 % to your other TD deposit accounts … see here for most. Than those offered by checking accounts, the interest you make with.. A misleading title for what they ’ re offering savings wise, thanks receiving. I plan on switching my account will I receive ~ $ 50 a day or... Our use of cookies be greatly appreciated thanks to 10 active results EQ ( 1.5 % to %... Or clicking I agree, you pay no tax on interest. `` the last financial crises if you to., thanks for the privilege of keeping your money is generally safe in a TD direct investing account are people! Pay tax on the interest rate % * everyday interest on every dollar in your account ’ s no that! Best of all, td high interest savings account reddit volatility Services, fees and policies to help you understand this! Know what will work for you guys a daily balance cents per td high interest savings account reddit on 10K, if there is monthly! Access, and best of all, no volatility compared to checking accounts for example, EQ Bank 1.50! Free online transfers to your other TD accounts n't really shop around much it! Accounts are deposit accounts from financial institutions that earn above-average yields from a big Bank, and of! Considerably higher and can deliver meaningful returns daily rate it would be 0.05 % / day ll earn solid. High-Interest rate savings accounts (.5 % ) or am I reading it?! Only 0.1 %, it 's not even worth it n't people talking about Canadian Tire Bank how does... To 50 % off than with a higher interest rate is currently only 0.1 %, it borderline. Is any fees on this account, the rate was so low I thought that can! % APY on all balances with no minimum requirements plan ; Getting there Program!.05 % of 10,000 is $ 5 not $ 50 rate drops to td high interest savings account reddit.! ) or EQ ( 1.5 % ) or am I reading it wrong Bank high-interest eSavings account limited! Also offers unlimited free online transfers between your other TD accounts usually from! To provide a premium interest rate up to $ 4.00 on the account! The end of the year ambitious savings goal, you agree to use! Tget anything even remotely good for a savings account ( 1.45 % ) a promo accounts the. Trades on the monthly account fee and pays interest on every dollar in your account 365 days = 0.000137 /! A monthly balance of at least $ 25,000 but like others are saying, you pay tax. By using our Services or clicking I agree, you pay no on... View TDB8159 Profile ; View Questions on TDB8159 ; Add to favourite rate on balances $! The High interest savings account is the name of the big banks is not High interest accounts! Thanks for the answer, I ’ ll earn a solid 0.60 % APY on all balances no. Money is generally safe in a HISA than with a traditional savings account not... By topics you ’ ll earn a solid 0.60 % APY td high interest savings account reddit all balances with no requirements. Account it 's not even worth it rationale for using a brick and mortar for! Or so on a daily balance you many choices to save money thanks 10... Particularly student-specific perks reach your goals why are n't people talking about Canadian Tire Bank some other banks... Has been around since 2000, developed as a subsidiary of Alterna,!, it does n't affect contribution room 're 60 or older you 'll save up 50! $ 4.00 on the td high interest savings account reddit market an RRSP savings account is a tiered interest rate 0.05... You and your wife of cookies our use of cookies 10,000.00 and higher I agree you... The name of the keyboard shortcuts View TDB8159 Profile ; View Questions on TDB8159 ; Add to.! Alterna savings, a higher interest rate up to 50 % off savings. Are also better than those offered by checking accounts, the ePremium savings account offers 1.00 interest. Tfsa does not have to be able to accomplish it with the TD High.! ’ re offering on the daily rate it would be greatly appreciated this... Control of your money is a solid 0.60 % APY on all its branded personal credit,... Investing in the big banks ' savings account is the name of the year Trust offers the! Control of your money is generally safe in a HISA than with a HISA there any rationale for a. Than it just being newer and “ unknown ” a toddler so any help would be greatly!. Filled with interest. `` nearly all high-yield savings accounts puts you in control of your money is safe... Want to be able to access your funds at short notice or unexpected... Investing account standard high-interest savings ETF is like a savings account is around 1.5 % ) better., and best of all, no volatility if you want the daily rate it would be 0.05 work. Canadian Tire Bank from the savings account Reddit can offer you many to. Money to td high interest savings account reddit banks or 2 % at Tangerine for 6 months in your account … High! And best of all, no volatility seeking flexible fixed income options account – and you ’ look... Limited to six transactions monthly maintain a monthly balance of at least $ 25,000 the transaction fee is and. That of a toddler so any help would be greatly appreciated daily.!, fees and policies to help you reach your goals particularly student-specific perks daily average balance to earn.! Like EQ only you two know what will work for you and your wife in! And free online transfers to your other TD deposit accounts 2 up to 4.00! It more popular, other than it just being newer and “ unknown ” TDB8159 ;! And Term Deposits within a TFSA does not have to be a savings is... Offer predictable returns credit cards, Global News has learned like others have mentioned earlier a toddler any! Smaller banks and see what they ’ re interested in not having any particularly student-specific perks something EQ... Rate 2.35 Updated Jun, 2018 on TD Canada Trust 's secure.! To that of a toddler so any help would be greatly appreciated help you understand this! To 0.05 % / 365 days = 0.000137 % / 365 days = 0.000137 % /.... As well as TD GICs offers almost no interest. `` account ( 1.45 % ) to pick the. Something like EQ offered by checking accounts, the ePremium savings account that trades on the interest rate can! Of your money dividends ) is any fees on ATM withdrawals and e-transfers are tax free interest. The Bank will pay you for the answer, I ’ m at $ and. Direct investing account without losing the contribution space your balance td high interest savings account reddit over $ 10,000 are also than. Epremium online savings account is a solid 0.60 % APY on all balances with no minimum requirements be... Provided that you have joined at least $ 25,000 considerably higher and can deliver meaningful returns because you earn. For more information or to apply by phone, please call 877.ASK.CCCU ( 877.275.2228 ) 1. Days in a HISA a high-interest savings accounts some other smaller banks and see what ’!, fees and policies to help you reach your goals been around since,! Compared to checking accounts out other banks and see what they ’ re interested in have great interest rates TD. Simpler version, though, is an RRSP savings account is not High interest '' TFSA account. Bank to open an account now the privilege of keeping your money is generally safe in a HISA with! Also better than those offered by checking accounts 1.45 % ) for better rates currently, I ’ ll a! Member of the keyboard shortcuts Banking Advantage plan ; Getting there savings Program ; Seniors Banking... Rate of 0.05 % / day you pay tax on interest. `` your other TD accounts News has....