What you get

Great for starting your retirement savings, with easy monthly automatic transfers.

  • Savings for retirement
    A TD Simple Savings IRA may be a good choice if you are starting to save for retirement – it has a low minimum balance and provides the flexibility to make contributions at any time2
  • Free automatic transfers
    Kick-start your retirement savings with free incoming transfers from other accounts
  • Earn interest
    Your savings earn interest to help you toward your goals
  • Low opening deposit required
    Open with just $300

Standard Rate

Build your retirement savings with consistent returns.


 You are viewing info for

. Change location?

Required Minimum Daily Balance to Earn APY*

Current APY*

Save for retirement and enjoy tax benefits

Check with your tax advisor to see if you're eligible.3

  • Traditional IRA earnings grow tax deferred
    Earnings are taxable as income upon withdrawal; contributions may be tax deductible
  • Roth IRA earnings grow tax exempt
    There’s no income tax on withdrawn earnings if you meet the requirements of a qualified distribution
  • Annual contribution limits apply
    Contribute up to a certain limit or 100% of earned income, whichever is less; customers age 50 and over are eligible for an additional contribution2

What you pay

Still deciding on an IRA?

Our account selector will help you find the best one for you

Get the most from your new account

Find out more

*Annual Percentage Yield (APY) is accurate as of  and subject to change after the account is opened. Fees may reduce earnings on the account. Aggregate balances over $25 million are subject to negotiated interest rates. Posted rates on this page are subject to change at any time without notice.

1The information, education and general descriptions contained herein are provided solely for informational and educational purposes. This material is not intended to be viewed or construed as a suggestion for you to take (or refrain from taking) a particular course of action or as the advice of an impartial fiduciary. This information should not be viewed as individual tax, financial or investment advice. Please consult your tax and/or financial advisor for information and advice specific to your individual circumstances.

2IRA contribution limits are based on earned income. You may contribute up to 100% of earned income or the IRA Annual Contribution Limit, whichever is less. Customers age 50 and over are eligible for an additional contribution.

3Consult your tax advisor or IRS Publication 590 to determine what type of IRA is right for you. Publication 590 can be accessed by calling the IRS at 1-800-829-3676 or online at www.irs.gov.

Have a question? Find answers here