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

You are viewing info for {{change_region_city}}, {{change_region_state}}. Change location? You are viewing info as a Canadian resident. Change location?

Interest rates with consistent returns to build retirement savings
Required Minimum Daily Balance to Earn APY*
Current APY*
{rate_mindailybalance_productpage_standard}
{rate_currentapy_productpage_standard}

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    There’s no income tax on withdrawn earnings if you meet the requirements of a qualified distribution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

Monthly Maintenance Fee
None
Earns Interest
Yes
Minimum Opening Deposit
$300
Free with this Account
Additional contributions allowed2
Additional Benefits
N/A

Get the most from your new account

TD Checking accounts

Choose the account that meets your banking needs and includes the perks you want

TD Bank Mortgages

Whether you’re buying or refinancing, we have the right mortgage for you

Traditional IRA

Learn how a traditional IRA can help you save for retirement



back to top