TD Bank Review: Mixing Higher Rates with Brick-and-Mortar Convenience

TD Bank overview

Best for	East Coast customers who want the convenience of brick-and-mortar banking
Bank accounts	Checking, Savings, and CDs
Unique banking features/perks	High potential APY on TD Signature Savings account TD Beyond Checking account also earns interest
Number of branches	1,100
Number of ATMs	2,600
FDIC insurance	Yes, TD Bank is a member FDIC (Cert. # 18409)
Customer ratings	Mobile app: 4.8/5 stars on Apple and 4.1/5 stars on Android Trustpilot: 1.5 stars BBB: N/A
Year founded	1955

Is TD Bank good for you?

If you're located on the East Coast and want access to in-person service, Toronto Dominion (TD) Bank could be a good option for you. The bank has 1,100 branches and 2,600 ATMs across 15 states and the District of Columbia (D.C.). This bank could also be a smart choice if earning interest is important to you. It offers an interest-bearing checking account option and a savings account with an APY that's much higher than some of its competitors.

When TD Bank might not be good for you

Meanwhile, if you live in the Midwest or on the West Coast and want access to brick-and-mortar branches, TD likely isn't going to be a good fit as it doesn't have any locations in those areas. Similarly, if you want access to the absolute highest rates possible, you may want to look into online banks instead. These banks tend to be able to offer customers higher rates than brick-and-mortar banks because they have fewer overhead expenses.

TD Bank banking account types + rates

5.0

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AWARD WINNER Best Online Checking

SoFi Checking & Savings - Earn Up to $400 When You Set Up Direct Deposit

Limited-Time Offer: Earn a $50 or $400 bonus with eligible direct deposit and up to 4.00% APY on Savings (3.30% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits&nbsp;received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct&nbsp;Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in&nbsp;your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/2026. Full terms at&nbsp;<a href="https://www.sofi.com/banking/" >sofi.com/banking</a>.&nbsp;SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct&nbsp;Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on&nbsp;checking balances. Interest rates are variable and subject to change at any time.&nbsp;These rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for up to 6 Months on new accounts. Terms Apply.² <p>Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p> FDIC Insured.³ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

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4.3

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Enjoy $400 as a new Chase checking customer

When you open a new Chase Total Checking® account with qualifying activities.⁴ <p>Offer not available to existing Chase checking customers, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. You can receive only one new checking account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use. To receive the bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposits totaling $1,000 or more made to this account within 90 days of coupon enrollment. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Zelle®) are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. After you have completed all the above requirements, we'll deposit the bonus in your new account within 15 days. To receive this bonus, the enrolled account must not be closed or restricted at the time of payout. Eligibility may be limited based on account ownership. Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Offer availability subject to change. Other Chase checking bonus offers may exist concurrently.</p> FDIC Insured. Offer valid through 7/15/2026.

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4.8

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Bank of America Advantage Banking

Up to $500 cash offer. Click ‘Learn More' for more details. Bank of America, N.A. Member FDIC.

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TD Bank checking

TD Bank offers three checking account options. Let's take a closer look at each one.

TD Essential Banking

In my opinion, TD's Essential Banking account is a good choice for kids because the bank waives its monthly maintenance fee for customers under age 18. This checkless account comes with no overdraft services or fees, so you can spend only as much as your current balance.

TD Complete Checking

The TD Complete Checking account is a decent checking account for anyone because it features no minimum opening deposit, three ways to waive its monthly maintenance fee, and overdraft protection.

But it's an especially good checking account for students and seniors because customers between the ages of 17-23 get monthly maintenance and out-of-network ATM fees waived, while primary account holders aged 60 and up have access to free standard checks and paper statements.

TD Beyond Checking

If you plan on maintaining higher account balances, TD Bank's Beyond Checking account may be worth it. At $25, the monthly maintenance fee is fairly steep, but it can be waived if you keep a daily balance of $2,500 in the account or meet the bank's other criteria.

In exchange, this checking account earns interest. Plus, you'll gain access to fee reimbursements on a variety of activities, including overdrafts, rush bill pay, and outgoing wires. You may also qualify for reimbursement on out-of-network ATM fees.

Other checking accounts we recommend

If none of TD's accounts are right for you, consider Bank of America. Many of its offerings are similar to TD Bank's. However, in particular, its Advantage Plus Banking account rivals TD's Complete Checking account and comes with a lower $12 monthly maintenance fee.

TD Bank savings

The bank also provides two distinct savings account options.

TD Simple Savings

The TD Simple Savings account has a nominal annual percentage yield (APY) of 0.02% (as of 4/9/2026).

In my experience, you'll likely be able to find a better rate elsewhere, especially if you look for high yield savings accounts (HYSAs).

However, if the APY isn't your main focus, it's not a bad option. This account comes with a $0 minimum opening deposit and a small $5 monthly maintenance fee that can be waived by either maintaining a $300 daily balance or by being a senior or a minor.

TD Signature Savings

For its part, TD's Signature Savings account boasts a much better rate, if you have enough money in your savings to make it happen. The account features tiered rates, so your APY depends on how much money you keep in the account. You can earn up to 2.50% (as of 4/9/2026) with a balance of at least $250,000.

Besides the rate, the account comes with a $0 minimum opening deposit and a $15 monthly maintenance fee, which can be waived by keeping a daily balance of at least $10,000 or a linked TD checking account.

Other savings accounts we recommend

While TD's Signature Savings rate of up to 2.50% (as of 4/9/2026) is fairly decent compared to the current national average of 0.39% (as of 2/17/26), other banks will let you earn more. For example, Marcus currently offers a 3.65% APY on its Online Savings account, and Capital One advertises a rate of 3.20% APY on its Performance Savings.

TD Bank CD rates

Compare TD Bank to top alternatives

Chase, Bank of America, and Wells Fargo are all brick-and-mortar banking giants like TD. If TD Bank isn't right for you, here are some strong points to consider about each of these alternatives.

• Chase: With 5,000 branch locations and 14,000 ATMs, Chase has the best branch and ATM access for those who want in-person service.
• Bank of America: Bank of America is the only big bank, aside from TD, to let you earn interest on certain checking account balances.
• Wells Fargo: Extending all the way from 0.01% - 0.05% (as of 4/10/26), Wells Fargo's Platinum Savings relationship APY outpaces the other alternatives, but it still doesn't come close to touching TD's potential rate of up to 2.50% (as of 4/9/2026) on the TD Signature Savings account..

Customer experience and user sentiment

Reviews and complaints

With only 1.5 stars on Trustpilot and no accreditation on the Better Business Bureau, you may feel that it's hard to trust TD Bank. However, keep in mind that this rating is actually on par with the ratings for the other big banks we listed in the alternatives section above.

Still, many customers complain about the bank's processes, citing issues with individual transactions ranging from lost debit cards to maintenance fee mistakes. Meanwhile, customer service reviews are mixed.

Customer support

TD Bank's customer support options are fairly robust compared to other banks. The bank offers a 24/7 customer support phone line, a help center, and a virtual assistant that can answer frequently asked questions. If you know which department you're looking for, it also offers direct numbers for some of them, although service hours for those lines may vary.

Mobile banking app

The TD Bank mobile App has 4.8/5 stars on Apple and 4.1/5 stars on Android. Apple users seem to be pleased with the app's functionality overall, while some Android users complain that the app freezes or takes forever to open.

TD Bank fees

Overall, my feelings on TD Bank's fees are mixed. On the one hand, the bank doesn't impose an insufficient funds or cash deposit fee, which might be nice if you've had a tendency to run up those fees at other banks. However, some of its fees are fairly steep compared to its competitors. For example, Bank of America's international outgoing wire fee is only $45, and its overdraft fee is only $10 when charged.

FAQs

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5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

AWARD WINNER Best Online Checking

High APY of up to 4.00% on Savings (3.30% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits&nbsp;received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct&nbsp;Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in&nbsp;your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/2026. Full terms at&nbsp;<a href="https://www.sofi.com/banking/" >sofi.com/banking</a>.&nbsp;SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct&nbsp;Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on&nbsp;checking balances. Interest rates are variable and subject to change at any time.&nbsp;These rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for up to 6 Months on new accounts. Terms Apply.² <p>Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at&nbsp;<a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>

Paycheck access up to 2 days early with direct deposit⁵ <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>

No monthly maintenance or overdraft fees⁶ <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a>.</p>

Streamlined savings and savings goals with Vaults

Access to a large ATM network⁷ <p>We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.</p>