TD Bank's High-Yield Savings Account Helps Customers Make the Most Out of Their Savings

CHERRY HILL, N.J., and PORTLAND, Maine, Jan. 13, 2011 /PRNewswire/ -- To help those consumers who are looking to maximize their savings and to provide customers with smart choices, TD Bank, America's Most Convenient Bank®, is introducing TD High-Yield Savings, which offers competitive interest rates as well as a rate increase for also having a TD Bank checking account. The special offer emphasizes TD Bank's commitment to offering more hassle-free choices through tailored programs and the ability to meet customers' needs every step of the way.

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The TD High-Yield Savings account is open to both new and existing customers.  The account is best for customers who have funds to invest and want to earn a competitive interest rate. Additionally, TD Bank offers an interest rate increase on the customer's balance when the customer also has a TD Bank checking account.  As an added bonus, for customers who open an account with at least $10,000 between January 12th and 31st, TD Bank is offering a special promotional rate on the TD High-Yield Savings account.

"As the economy continues to stabilize, and saving continues to be an important priority for consumers, we want to offer them smart options to maximize their money and earn a higher interest rate," said Ryan Bailey , Senior Vice President, Head of Deposit Products, TD Bank. "With legendary service and hassle-free products like High-Yield Savings, consumers will find TD Bank is the right fit for all their banking needs."  

Customers should also consider other added benefits of a high-yield saving account. "Setting up an automatic transfer from a checking account to a high-yield savings account will help grow savings that much faster. A high-yield savings option will help you accrue higher interest on your funds," said Bailey. "It is also a good option for an emergency fund since it is liquid and the funds are insured up to a minimum of $250,000 by the FDIC."

New and existing TD Bank Customers can open a TD High-Yield Savings account by visiting their local TD Bank. For more information, visit www.tdbank.com/highyield or call 888-751-9000.

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing customers with a full range of financial products and services at more than 1,250 convenient locations from Maine to Florida. On September 30, 2010, The South Financial Group, Inc. was acquired by TD Bank Group, and its subsidiary Carolina First Bank merged with TD Bank. Carolina First Bank will continue to operate under the trade names Carolina First Bank in North and South Carolina and Mercantile Bank in Florida until conversion and rebranding in 2011. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. Carolina First Bank and Mercantile Bank are trade names of TD Bank, N.A. For more information, visit www.tdbank.com/highyield.

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com.

SOURCE TD Bank

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