Savings Accounts

A savings account is a deposit account that is designed for saving cash. It can help you achieve short, medium and long-term goals like a vacation, school expenses or an emergency fund. A savings account is more appropriate for savings goals as you typically earn interest when you deposit money for an extended period of time. TD has Personal Savings Accounts and tools to help you grow your savings and reach your goals faster.


How a TD Savings Account can help meet your needs

  • Help you reach your goals

    Save for goals like vacations and renovations, or for emergency expenses.

  • Automate your savings

    Set up a Pre-authorized Transfer or the Simply Save program to help build your savings. Learn More

  • TD MySpend

    Paired with the TD app, use TD MySpend to keep track of your monthly spending and help you find ways to save more.5

  • No monthly fees

    You'll save money with one less expense to worry about.

Savings Accounts

Recently Viewed
Save more with a higher interest ratetesal1 and free online transfers to your other TD deposit accountstesal2
$0 Monthly Fee
High interest rate on balances of $10,000 or more
Unlimited free online transfers to your other TD deposit accountstesal2

Recently Viewed
Ideal if you’re starting to save or want frequent access to your funds
$0 Monthly Fee
Every dollar earns interest calculated daily
1 transactiontedsal1 per month

Recently Viewed
Reach your goals faster with a high interest ratethisal1
$0 Monthly Fee
High interest rate on balances of $5,000 or more
Waived transactionthisal4 fees with minimum monthly balance

Frequently Asked Questions

A savings account is a deposit account that is designed for saving cash. It can help you achieve short, medium and long-term goals like a vacation, school expenses or an emergency fund. A savings account is more appropriate for savings goals as you typically earn interest when you deposit money for an extended period of time. TD has Personal Savings Accounts and tools to help you grow your savings and reach your goals faster.


Types of savings accounts

Whatever your savings goals, we offer a range of easy, flexible, convenient savings account options to help you reach them:

If you are a current TD customer you can apply for eligible products and services online through EasyWeb.

Select Add Accounts & Services from the left menu after you log in to EasyWeb. If you prefer to use the TD app, you can open an account there too by selecting Get An Account after you log in.


A chequing account is the most basic transactional account you can have. It’s considered an account you can use every day. When you need to buy gas, grab groceries, or make a bill payment, people generally use their chequing account.

A savings account can help you achieve short and long term saving goals. Instead of being used for day-to-day transactions savings accounts may be more appropriate for saving goals since these accounts earn interest.


You can quickly and conveniently open an account that best meets your needs on our Bank Accounts page.

You must be the age of majority in your province or territory of residence to open a bank account online.

Open a bank account online now.

If you are a current TD customer you can apply for eligible products and services online through EasyWeb. Select Add Accounts & Services from the left menu after you log in to EasyWeb. If you prefer to use the TD app, you can open an account there too by selecting Get An Account after you log in.

You can also open an account in any TD Canada Trust branch. You will be asked for the following information:

  • A valid passport or 1 piece of valid Canadian government-issued photo ID (such as a driver's license or permanent resident card)

Grow your money by enrolling in automatic savings programs like Simply Save and Pre-Authorized Transfer Service.

Simply Save Program – Save a little bit every time you use your TD Access Card for debit purchases or ATM withdrawals.

Pre-authorized Transfer Service – Automatically transfer funds to your savings account on a schedule that works best for you (daily, weekly, or monthly).

Visit our automated savings tools page to see how you can make savings part of everyday life.


Account fees and information To view fees associated with personal Chequing or Savings Accounts, please refer to the About our accounts and related services (PDF) document.


Generally, we calculate interest on your account each day based on your account's daily closing balance. If you earn interest, we pay the accrued interest for the entire month to your account on the last business day of the month, unless otherwise stated different interest rates.


You can use the links below to view details on our current rates.

Browse all accounts

Explore our accounts to see which one is right for you.

Learn more about savings accounts


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