TD Bank Personal Savings Account $200 Bonus

TD Bank is offering a $200 welcome bonus if you open a new savings account by October 31st, 2023. It works out to effectively be an interest rate of about 4% — significantly better than any savings account rates these days.

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.

If you're eligible, we definitely recommend claiming this easy bonus.

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.

Full requirements to receive this bonus are:

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 credited to your new account no later than 140 days from the account opening.

Open a Personal Savings Account account before the bonus expires on October 31, 2023

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).
• Once the criteria has been met, the bonus will be credited into the account no later than 140 days from account opening.
• If the account is closed within 6 months of the account opening, TD will take back the bonus.
• $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:

Discover

Online Savings Account

Bonus

up to $200

Account Type

Personal Savings

Expires In

76 days

Requires

• Min Balance

Full Details

Citi®

Citi® Accelerate Savings

Bonus

4.35% APY

Account Type

Personal Savings

Expires In

Limited Time

Requires

• Min Balance

Full Details

Alliant

Ultimate Opportunity Savings Account

Bonus

$100

Account Type

Personal Savings

Expires In

93 days

Requires

• Min Balance

Full Details

Why TD Bank?

TD is the 8th largest bank in the U.S., with more than 1,200 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 interest rates are low and their fees can be steep (though 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.

Learn more in our TD Bank review

Beyond Savings

Fees

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

• Maintain a daily balance of $20,000.
• OR, link your savings account to a TD Beyond Checking account.

Simple Savings

Fees

Simple Savings does charge a monthly 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 Convenience 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.

Apply now for a Personal Savings Account account to earn the $200 bonus offer

TD Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Get a better idea of how well TD Bank can serve you by checking out their branches closest to your area: