TD Bank Personal Savings Account $200 Bonus

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TD Bank : Personal Savings Account

$200

3.7

BankBonus.com score

Availability

Ease

Amount

Fees

Expert Take

While this bonus is on the high end for savings account welcome offers, dropping $20k into the account and leaving it for 90 days nets you a roughly 4% return on your cash. While that used to be significantly better than most, these days you can easily find a higher yield. That said, the offer can still be worthwhile if you opt for the Signature Savings account AND link it to a TD checking account (even better if you're a new TD checking customer and can double stack this offer with the checking bonus). By linking the two, the Signature Savings gives you a bump rate APY which makes this $200 bonus an additional kicker, rather than your full return.

Offer Expires In

How To Earn The Bonus

  1. Open a TD Savings account using the link below.
  2. Within 20 days, deposit $20,000 and maintain that balance for 90 days.
  3. Bonus will be paid on or before 180 days after account opening.

Available in Your Area?

No

Monthly Fees?

Varies

Open Online?

Yes

Credit Pull?

Soft

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at TD Bank

TD Bank is offering a $200 welcome bonus if you open a new savings account by April 30th, 2024. It works out to effectively be an interest rate of about 4%.

What's more, you can maximize this promo by also opening a new personal checking account — stacking an extra $300 or $150 on top of this offer for a total of up to $500.

While this isn't available nationwide, it is open to a healthy list of states, and is no longer targeted to select customers.

How To Earn The Bonus

The TD Bank Personal Savings Account promotion requires you to deposit and maintain a minimum balance in order to earn the $200 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • Offer available to new personal savings customers and to those who have not had a prior personal savings or money market account at TD Bank within the past 12 months.
  • Customer can choose to open either a TD Beyond Savings or TD Simple Savings account (CDs, IRAs and Money Market accounts excluded).
  • f the account is closed within 6 months of the account opening, TD reserves the right to deduct the bonus amount at account closing.
  • $20,000 deposit must be in new money, IE funds that are not currently held in a TD Bank retail deposit account.
  • The primary owner of the new personal savings account must be the person who supplies a Social Security Number for tax reporting purposes.

How does this personal savings offer from TD Bank compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Barclays

Online Savings

Bonus
$200
Account Type
Personal Savings
Expires In
15 days
Requires
  • Min Balance

Wells Fargo

Way2Save® Savings

Bonus
$525
Account Type
Personal Savings
Expires In
68 days
Requires
  • Min Balance

Why TD Bank?

TD is the 8th largest bank in the U.S., with more than 1,100 physical locations – primarily in the Eastern states. TD Bank offers straightforward accounts, user-friendly online and mobile banking, and generous customer service hours (including extended branch hours). Their retail investing products under the TD Ameritrade brand are also some of the industry's best-in-class.

On the downside, however, TD Bank's checking interest rates are low (though they have pretty competitive signature savings and CD rates). To remain competitive, they've recently changed/decreased many of their fees (some are easily waivable, like their monthly maintenance fees, while others offer a couple of reimbursements each year, like their $35 overdraft charge).

If you're located in one of the targeted states (mostly along the East Coast), we definitely recommend their welcome bonuses. The requirements are relatively easy for the cash given, and they regularly offer both checking and savings account promos that you can stack.

Signature Savings

Fees

Signature Savings does charge a monthly maintenance fee of $15, but there are ways to get this waived:

  • Maintain a daily balance of $10,000.
  • OR, link your savings account to a TD Checking account.
  • OR, open as an IRA.

Simple Savings

Fees

Simple Savings does charge a monthly maintenance fee of $5, but there are ways to get this waived:

  • Maintain a $300 minimum daily balance.
  • OR, link your savings account to a TD Beyond Checking account.
  • OR, link your savings account to a TD Complete Checking account if you're under 24.
  • OR, make a recurring transfer from your linked TD Bank checking account of at least $25.
  • OR, if you're under 18 or older than 62.

Share Your Thoughts or Questions

There have been 3 comments about the TD Bank Personal Savings Account $200 Bonus.

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Jon Snow

November 17, 2023

I did this promotion earlier this year. The bonus was paid 4 and a half months after I opened the account. Not bad.

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Ankit Jain

November 17, 2023

I find this bank to be a difficult one. Has anyone had any success in getting the bonus and if yes, what was the timeline after completing all the requirements of this offer? I believe TD is chex sensitive

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kat

November 14, 2023

There's so many offers, too little time. I'm hoping this one is still around when I can take advantage. I'm doing Bank of America, US Bank and PNC right now!

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