TD Bank Launches New Account Options to Help Consumers Save

CHERRY HILL, N.J., July 19, 2013 /PRNewswire/ -- TD Bank, America's Most Convenient Bank^®, is offering consumers new savings options, enabling them to choose the savings product that best fits their needs.

The new savings options include an entry-level savings product, TD Simple Savings, which helps customers start saving by providing a straightforward path to avoid any monthly maintenance costs, as well as money market and high yield savings choices for customers looking to grow and maximize their savings.

"We asked our customers what they wanted in savings choices, and they told us – the ability to start saving without a large initial investment, tools to grow current savings, and options to minimize costs," said Lindsay Sacknoff, Senior Vice President of Retail Products for TD Bank. "With TD's new savings options we're offering more choices to meet the diverse needs of consumers."

The new savings products include:

TD Simple Savings - For customers who want TD's most basic savings account. Customers can grow their savings quickly with no monthly maintenance costs during the first year by linking an eligible TD Bank Checking account and establishing a monthly transfer of $25 or more from a TD Bank Checking account.

TD Growth Money Market - Customers earn more as they grow their savings through tiered interest rates and have the convenience of check writing. Customers also receive a rate bump by linking an eligible TD Bank Checking account and making a recurring transfer to grow their savings by $50 or more in a month.

TD Relationship Savings – Offering tiered interest rates with higher rates for customers who link an eligible TD Bank mortgage, home equity, credit card account or active checking account to their savings account.  To qualify, the account must have one deposit, withdrawal, payment or transfer transaction during the previous calendar month.

TD Bank will continue offering savings products such as Young Saver, Holiday Club, Club Saver and Health Savings Accounts (HSA).

Additionally, TD Bank created a Savings Selector tool to assist consumers in determining which savings account best suits their needs. The Savings Selector tool is available at http://www.tdbank.com/savingselector/personal/savingselector.aspx.

For more information about TD Bank's Choice Savings Suite, customers are encouraged to stop by a store or visit us at www.tdbank.com.

About TD Bank, America's Most Convenient Bank
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing nearly 8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth^®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.

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