TD Bank has added an automatic surcharge. However, there is a simple guide to save now!
Save now with these simple guides (Photo: ATM Marketplace)
TD Bank’s New Monthly Maintenance
According to The U.S. Sun, TD Bank has employed a new monthly maintenance fee for TD Simple Savings and TD Signature Savings accounts. The new rules will allow customers to save now by putting money aside and earning interest.
As per the latest policy, the fee for a TD Simple savings account will be $5, as it caters to smaller balances and earns comparatively lower interest. On the other hand, the fee for a TD Signature savings account will be $15, as it caters to smaller balances but offers higher interest rates.
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Save Now With These Simple Guide
With this new policy, how can people save now? Fortunately, there is a way for people to avoid the fees.
According to the policy’s new criteria, customers with TD Simple savings accounts must qualify for one of the four criteria to avoid fees: maintain a daily balance of at least $300, transfer $25 or more each month from a TD Bank Checking account for the first year, be held by someone 18 or younger or 62 or older, or be linked to a TD Convenience Checking account for account holders under 24 years old.
Meanwhile, customers with TD Signature Savings can waive the $15 fee by either maintaining a minimum daily balance of $10,000, linking an eligible TD Checking account, or opening an IRA.
These are just simple ways to avoid paying fees, and customers can save now.
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