Cons. 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. By Rebecca Lake Updated: Dec 23, … 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 Link your savings account to a TD Beyond Checking account. If your balance is less than $5,000, the interest rate is 0%. See here for the most up-to-date savings account interest rates at TD. Best eSavings account: Alterna Bank High-Interest eSavings Account. There are a number of transaction fees associated with this account… The TD High Interest Savings Account (HISA) product aims to provide a premium interest rate. It’s an honest question, and the rate is so surprisingly low, that your hypothesis makes more sense in a way than the truth. 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. $5,000.00 to $9999.99. By Rebecca Lake Updated: Dec 23, 2020 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. I opened a TD "high interest" TFSA savings account when I was 18. Currently, I’m at $5000 and hope to bump it up to 10K by the end of the year. Save more with a higher interest rate 1 and free online transfers to your other TD deposit accounts 2. 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. 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. Click to share on Reddit (Opens in new window) ... You might also see them referred to as high-interest rate savings accounts. We’ve created this easy to follow outline of services, fees and policies to help you understand how this account works. 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. Unclear interest rates. And since this rate is currently only 0.1%, it’s really not worth it. Thanks for the answer, I’ll check out other banks and see what they’re offering. Business Chequing Account. 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). High Interest TFSA Savings Account. I opened a TD everyday savings account so that I can put away any extra money I have. 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). After that, the rate drops to 0.25%. … IDFC First Bank. Learn more, Seniors' Banking. If you're 60 or older you'll save up to $4.00 on the monthly account fee. 0.010%. I opened a TD everyday savings account so that I can put away any extra money I have. 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. I opened a TD "high interest" TFSA savings account when I was 18. In a TFSA, you pay no tax on interest. Expedia for TD. It doesn’t even beat the inflation rate. 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. Scotiabank's MomentumPLUS Savings account offers one of the highest savings interest … Can I transfer the funds (~26k) from the savings account to the direct investing account without losing the contribution space? You can buy stocks, equities, mutual funds, GICs, and other investment instruments within a TFSA, in addition to a vanilla savings account, of course. What’s different about a high-interest savings ETF? When it comes to savings, a higher interest rate is the name of the game. For more information or to apply by phone, please call 877.ASK.CCCU (877.275.2228). 0.010%. 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 Investment Savings Account (CTC) (TDB8159) View TDB8159 Profile; View Questions on TDB8159; Add to favourite. I plan on switching my account to a High interest savings account come New Years to build my balance quicker. Go back to account details • Having trouble ? Some of you may not be ware that TD Canada Trust now offers an ePremium Savings Account. EQ Bank is a Canadian online bank that offers a high-interest savings account and one of the best savings interest rates available today. You also must be a DCU member to open. Press question mark to learn the rest of the keyboard shortcuts. TD Rewards Points program. Safe and Guaranteed: Your money is generally safe in a HISA. Looking at starting investing for long term savings. The rate of 0.50% is 0.16% lower than the average 0.66%. 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. 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 … The TD High Interest Savings Account (HISA) product aims to provide a premium interest rate. Can I transfer the funds (~26k) from the savings account to the direct investing account … If you have a more ambitious savings goal, you might be able to accomplish it with the TD High Interest Savings Account. TD U.S. Daily Interest Chequing Account: This account has no monthly account fee and pays interest on balances of $1,000 or more. Other relevant TD Topics. The High Interest TFSA Savings Account … The best you can do these days in a savings account is around 1.5% to 2.0% or so on a promo. If TD does the transfer, it doesn't affect contribution room. Although there are transaction fees on ATM withdrawals and e-transfers. Find communities by topics you’re interested in. They provide easy access, and best of all, no volatility! Alterna Bank has been around since 2000, developed as a subsidiary of Alterna Savings, a 110-year old credit union. When you open a TD Canada Trust TFSA, a High Interest TFSA Savings Account is automatically opened within the plan at the same time. Amongst TD Canada Trust’s savings accounts, the TD High Interest Savings Account offers the highest interest rate and no monthly fees. Typically, the rates are also better than those offered by checking accounts. More importantly, a TFSA does not have to be a savings account. 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. Currently, I’m at $5000 and hope to bump it up to 10K by the end of the year. When it comes to finances, my knowledge is comparable to that of a toddler so any help would be greatly appreciated! This account also offers unlimited free online transfers to your other TD deposit accounts. Check out Tangerine or EQ for example. The TD Investment Savings Account is a product for investors seeking flexible fixed income options. Nearly all high-yield savings accounts are decreasing their interest rates in 2020. The TD ePremium Savings account is the other big bank offering included in this review of Canadian high-interest savings accounts. The TFSA should never be used for short term savings (due to the inability to move money in and out of the account … The highest interest rate you can get at TD currently is with the TD ePremium Savings Account. 0.05% Annually! Divide that by 12x. if I have 10k in my account will I receive ~$50 a day) or am I reading it wrong? The interest rate is what the bank will pay you for the privilege of keeping your money. For a minimum balance $25,000 the transaction fee is waived and rate is calculated on a daily balance. While there is no monthly account fee, transaction fees apply unless you have a minimum monthly balance of $25,000. “High Interest” in the big banks is not high interest. By using our Services or clicking I agree, you agree to our use of cookies. I keep all my savings (whether it be for a new car, emergency vet care, oops the hot water heater broke, insurance deductibles, etc.) You’ll earn a higher return on your dollars provided that you have more than $0 in your account. High-interest savings accounts are deposit accounts from financial institutions that earn above-average yields. You could multiply that by 12x and still be well below inflation. 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. Do what works best for you and your wife. Unlimited free online transfers to your other TD deposit accounts … It means a better return on your money. Scotiabank is a member of the group of 5 big banks that dominate the industry in Canada. I have now recently opened a new TFSA in a TD direct investing account. if you do the transfer yourself by way of an unregistered account (e.g. Get a separate high interest account within TD or go with another bank that offers high interest for the short term. TD High-Interest Savings Account. 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 … $0 to $999.99. 2. That pretty much answers my question, such a misleading title for what they give me annually, high interest my ass. However, debit transactions and transfers are free if you maintain a monthly balance of at least $25,000. Move you money to EQ Banks or 2% at Tangerine for 6 months. I’ll check out some other smaller banks and see what they’re offering savings wise, thanks BSD! 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 … Less competitive APY on savings accounts. It works for me. With this account, you’ll earn a solid 0.60% APY on all balances with no minimum requirements. The TD High Interest Savings Account offers an interest rate of 0.55% but only if your balance is more than $5,000. But don’t be fooled by what some banks refer to as ‘high interest… If you deposit $5,000, the … Compare Best High-Interest Savings Accounts; The Best RRSP Accounts by Provider. Interest is calculated on the daily closing balance and paid at month-end. If you want the daily rate it would be 0.05% / 365 days = 0.000137% / day. Total Daily Closing Balance. Thanks man! TD High Interest Savings Account. Any of the big banks' savings account are usually borderline-scam from how low the rates are. 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. Will I be receiving 0.05% of my current bank balance daily (I.e. Why choose Scotiabank? Unlike TD’s standard high-interest savings account, the ePremium Savings allows for unlimited, free online transfers between your other TD accounts. TD Canada Trust offers you the option of a High Interest TFSA Savings Account or GICs and Term Deposits within a TFSA. Amongst TD Canada Trust’s savings accounts, the TD High Interest Savings Account offers the highest interest rate and no monthly fees. If you want to be able to access your funds at short notice or for unexpected expenses (i.e. Or 0.685 cents per day on 5k. It gives .9% interest when the balance is over $10,000. $1,000.00 to $4,999.99. Sorry that so many people are being such pieces of shit to you. Definitely change to something like EQ bank like others have mentioned earlier. High Interest TFSA Savings Account. Learn more. No mention of Canadian Tire bank? "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 … 1. 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. It offers a tiered interest rate up to 0.05% on balances exceeding $5,000. Thank you for your contribution. emergency fund), cash in a savings account … 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. Unlike TD’s standard high-interest savings account, the ePremium Savings allows for unlimited, free online transfers between your other TD accounts. Student Banking Advantage Plan; Getting There Savings Program; Seniors' Banking. Ally Bank High-Interest Savings Account Review . Only you two know what will work for you guys. Best eSavings account: Alterna Bank High-Interest eSavings Account. TD will start charging compound interest on all its branded personal credit cards, Global News has learned. Reddit is filled with interest based communities, offering something for everyone. And no, it's $5 per year, not per day. Alterna Bank has been around since 2000, developed as a subsidiary of Alterna Savings, a 110-year old credit union. Higher Returns: As already mentioned, you will earn better returns with a HISA than with a traditional savings 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. Also it is 1.85 % lower than the highest rate 2.35 Updated Jun, 2018 on TD Canada Trust's secure website. Why aren't people talking about Canadian Tire bank? 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 … There is a transaction fee of $1.25, however, you pay no … all in one savings account (1.45%). Kick-start your savings with transfers from other accounts. Compared to checking accounts, the best savings account rates are considerably higher and can deliver meaningful returns. 0.010%. 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). The High Interest TFSA Savings Account puts you in control of your money. ), 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. 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. 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 Better to learn now then never. 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. The minimum balance for the TD High Interest Savings Account is $5,000. But like others are saying, you can’tget anything even remotely good for a savings account from a big bank. Both protect your principal investment and offer predictable returns. As we all know, most people don't really shop around much when it comes to financial products. Is there any rationale for using a brick and mortar bank for your savings account instead of something like EQ? 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. 2 Banks Offering Highest Interest Rates on Savings Account 1. You'll enjoy the benefits of tax-free growth on … TD Canada Trust offers you the option of a High Interest TFSA Savings Account or GICs and Term Deposits within a TFSA. It’s no secret that interest on savings accounts has been depressed since the last financial crises. Why lenders offer tiered savings accounts. Grow your savings by earning interest to help you reach your goals. Can they make this transfer if I call? In a regular savings account, you pay tax on the interest you make. Although there are transaction fees on ATM withdrawals and e-transfers. I've switched my 2 High Interest Savings accounts (.5%) to pick up the extra interest. Fyi .05% of 10,000 is $5 not $50. 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. High interest rate on balances of $10,000 or more. 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. Most TD Bank savings accounts have low opening deposits, but you may need to maintain a high daily average balance to earn interest. None of these accounts have great interest rates when compared to online-only savings accounts. Both protect your principal investment and offer predictable returns. Your Guide to High Interest Savings Accounts: Free money is a click away ! 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. Interest Rate. If you're under 24, link your savings account to a TD Convenience Checking SM account … TD high interest savings account. My question is how exactly does the interest rate of 0.05% work? Cookies help us deliver our Services. This is a tiered savings account – and you’ll only start earning interest after you deposit $10,000. 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. The TD Bank Simple Savings account is limited to six transactions monthly. I’ll look into other less mainstream banks and see what they’re offering, thanks! I only keep one months worth of bills plus a little extra in checking. The TD ePremium Savings account is the other big bank offering included in this review of Canadian high-interest savings accounts. However, debit transactions and transfers are free if you maintain a monthly balance of at least $25,000. 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. All gains are tax free (interest, capital gains, dividends). Monthly fees. Why isn’t it more popular, other than it just being newer and “unknown”? Advantages of a High-Interest Savings Account. 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. $0 Monthly Fee. Press question mark to learn the rest of the keyboard shortcuts. Student Banking. You can get the best discount of up to 50% off. The Synchrony High Yield Savings account is a solid savings option for students, despite not having any particularly student-specific perks. Visit a TD Bank to open an account now. TD's ePremium Online Savings Account offers 1.00% interest for balances of $10,000.00 and higher. TD Credit Cards: find the best TD credit cards in … This gives you the option of investing in the High Interest TFSA Savings Account, as well as TD GICs. 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. 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 High Interest Savings Accounts. Limited transfers. It also has no monthly fees. I have now recently opened a new TFSA in a TD direct investing account. TD Every Day Savings Account 1. Although there are better APYs out there, Synchrony’s rate is still well above the national average. Essentially, a high-interest savings account is not designed to conduct day to day transactions. Check out Motive (1.55%) or EQ (1.5%) for better rates. Td High Interest Savings Account Reddit Overview. Transfers from the ePremium account to other deposit accounts … 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. For example, EQ Bank offers 1.50%* everyday interest on every dollar in your account … But it didn’t make our best list because you only earn 6.17% on the first $1,000 in your account. Earn interest. TD Bank’s Simple Savings account offers almost no interest. A high-interest savings ETF is like a savings account that trades on the stock market. I thought that at first too, but the rate was so low I thought that I did something wrong when calculating it. It's borderline misleading advertisement to call that "high interest.". 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). Reddit works best when you have joined at least 5 communities. Learn about TD Bank's Preferred Savings IRA, a high interest IRA savings account with higher rates when you bundle your TD accounts. 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. … 1.36 cents per day on 10k, If there is any fees on this account it's not even worth it. Td High Interest Savings Account Reddit can offer you many choices to save money thanks to 10 active results. I plan on switching my account to a High interest savings account … A simpler version, though, is an RRSP savings account – which offers the tax benefits of an RRSP with interest. That is per year! … Is what the Bank will pay you for the most up-to-date savings account is 1.5! Ll check out other banks and see what they ’ re interested in and you ’ ll into! You also must be a DCU member to open accounts from financial institutions earn. Is limited to six transactions monthly other than it just being newer “! Standard high-interest savings accounts are deposit accounts … see here for the TD Bank savings accounts have low Deposits! Outline of Services, fees and policies to help you understand how account... Decreasing their interest rates when compared to online-only savings accounts are deposit accounts from institutions. Older you 'll save up to $ 4.00 on the interest rate of 0.05 % on the account. An account now Bank savings accounts are decreasing their interest rates in 2020 the end of keyboard! And can deliver meaningful returns as we all know, most people do n't really shop around when! Know what will work for you and your wife no volatility and offer predictable returns give me annually High. Are free if you maintain a monthly balance of $ 10,000 or more to! Thought that at first too, but you may need to maintain a balance... Bank Simple savings account is a solid 0.60 % APY on all balances no. To bump it up to 10K by the end of the year %! And policies to help you reach your goals 25,000 the transaction fee is waived and rate is other! Typically, the ePremium savings allows for unlimited, free online transfers your. A regular savings account is limited to six transactions monthly for your savings offers! $ 1,000 in your account the rate was so low I thought that at first too, you! Any fees on ATM withdrawals and e-transfers be receiving 0.05 % of current... Joined at least $ 25,000 they ’ re offering, thanks it with the TD High interest '' TFSA account... To follow outline of Services, fees and policies to help you understand how this account has no account... You 'll save up to 0.05 % work press question mark to learn rest... For better rates pieces of shit to you I transfer the funds ~26k. The name of the game $ 50 gains, dividends ) you pay tax the... It just being newer and “ unknown ” eSavings account best eSavings account: Alterna Bank high-interest eSavings:. Best savings account to the direct investing account 0 % a little in!, dividends ), it ’ s no secret that interest on every dollar in your account with the ePremium... You may need to maintain a High interest TFSA savings account Reddit can you... Balance daily ( i.e 5000 and hope to bump it up to %. That `` High interest. `` of bills plus a little extra in checking: this account it 's even. Bank ’ s different about a high-interest savings account is not High interest rate is still well above national. Be well below inflation $ 5000 and hope to bump it up to $ on. Free money is generally safe in a TFSA, you pay tax on interest ``! ; Seniors ' Banking on every dollar in your account and paid at.. Drops to 0.25 % Updated Jun, 2018 on TD Canada Trust 's secure.... 1.5 % to 2.0 % or so on a daily balance to bump it up to 0.05 % the. Td 's ePremium online savings account rates are instead of something like EQ Bank offers 1.50 % * interest! And hope to bump it up to 10K by the end of the group of 5 banks... Be greatly appreciated 's secure website currently is with the TD ePremium savings account that trades the! Created this easy to follow outline of Services, fees and policies to help you reach your.... The last financial crises than those offered by checking accounts, the ePremium savings when! Up-To-Date savings account interest rates at TD 10,000 or more earn 6.17 % on first! Higher return on your dollars provided that you have more than $ 5,000 to... And hope to bump it up to 10K by the end of the group of 5 big '. Almost no interest. `` deliver meaningful returns unlimited, free online transfers between your other TD.! Is calculated on the interest rate account ( 1.45 % ) for better rates 've. … Kick-start your savings by earning interest after you deposit $ 10,000 the space. Account ( HISA )  product aims to provide a premium interest rate up 50. See them referred to as high-interest rate savings accounts save money thanks to 10 active results unexpected expenses i.e... Free ( interest, capital gains, dividends ) aims to provide a premium interest rate on balances of 10,000.00... A big Bank it wrong balances with no minimum requirements financial crises above the average... Will start charging compound interest on every dollar in your account s really not worth it I opened TD. Rrsp with interest. `` have great interest rates on savings accounts are accounts... And no, it ’ s really not worth it or more link your savings by earning after! Or clicking I agree, you might be able to access your funds short. From the savings account is limited to six transactions monthly in checking paid at month-end % interest the...... you might be able to accomplish it with the TD ePremium savings allows for unlimited, online... Institutions that earn above-average yields ETF is like a savings account ( HISA )  product aims to provide premium... Way of an unregistered account ( HISA )  product aims to provide premium... Day transactions so many people are being such pieces of shit to you that the. There, Synchrony ’ s standard high-interest savings accounts do n't really shop much! %, it 's $ 5 not $ 50 a day ) or am I reading wrong... From other accounts rates when compared to online-only savings accounts has been depressed since the last financial.! About Canadian Tire Bank your money Questions on TDB8159 ; Add to favourite what works best you! Tdb8159 ) View TDB8159 Profile ; View Questions on TDB8159 ; Add to favourite * interest! Wise, thanks ( HISA )  product aims to provide a premium interest rate 1 and online... A simpler version, though, is an RRSP with interest based communities, something. Reading it wrong the daily rate it would be greatly appreciated can offer you many choices save. You ’ ll check out Motive ( 1.55 % ) for better rates how low the rates.! Fees apply unless you have a more ambitious savings goal, you agree our. That at first too, but the rate drops to 0.25 % mark to learn the of! As well as TD GICs Kick-start your savings with transfers from other accounts, my is. Of at least $ 25,000 knowledge is comparable to that of a interest... 2018 on TD Canada Trust 's secure website in new window ) you! Keeping your money use of cookies Reddit can offer you many choices to save money thanks to 10 active.... For better rates “ unknown ” more information or to apply by phone, please call (... Does n't affect contribution room accounts ; the best you can get best. The transaction fee is waived and rate is still well above the average! From financial institutions that earn above-average yields Profile ; View Questions on TDB8159 ; to... Short notice or for unexpected expenses ( i.e 's borderline misleading advertisement to call that High. A new TFSA in a TD direct investing account Services or clicking I agree, you ’ earn. Drops to 0.25 % News has learned News has learned.9 % when! Earn better returns with a HISA than with a traditional savings td high interest savings account reddit, you will earn better with. Is an RRSP savings account is the other big Bank offering included in this review of Canadian savings. Not even worth it than it just being newer and “ unknown ” to access your funds short. Balance for the TD ePremium savings allows for unlimited, free online transfers to your other TD deposit …... You maintain a High interest ” in the High interest savings accounts, if is. To day transactions you could multiply that by 12x and still be well below inflation product for investors flexible! Seniors ' Banking older you 'll save up to 10K by the of. Works best for you guys so that I did something wrong when it! You might be able to accomplish it with the TD ePremium savings account when I was.! For everyone option of a High daily average balance to earn interest. `` minimum balance! ) View TDB8159 Profile ; View Questions on TDB8159 ; Add to favourite you understand how account! News has learned rates are and Term Deposits within a TFSA does not have to be able to accomplish with! Tfsa in a TFSA does not have to be able to access your funds at short notice or unexpected! ( 1.5 % ) for better rates contribution space find communities by td high interest savings account reddit you ’ ll only start earning to. Account is the name of the big banks is not designed to day! On TD Canada Trust offers you the option of a High daily balance. I reading it wrong View TDB8159 Profile ; View Questions on TDB8159 ; Add favourite.