If you're saving for long-term purchases, such as a boat, car, or home — easy access might not interest you. But if you are starting an emergency fund, you'll want 24/7 access. Online banking that includes round-the-clock ATM access with a debit card would be worth considering.
Account holders might appreciate other useful options, like mobile banking. These services could include paying bills, depositing a check through a mobile app on your smart phone, and setting up balance alerts and message alerts.
Find out the annual percentage yield (APY) the accounts might offer. Savings account interest rates change along with economic conditions. Even slight differences in annual percentage yield could make big impacts over time.
Simple, but powerful
From students to seniors, savings accounts give people a simple, powerful tool for managing their money. When you build up your savings account, you might reach your financial goals sooner than you think.
Take a look at the options at TD Bank and find the right account for you. TD Simple Savings is a popular choice. Keep a $300 minimum daily balance and there's no monthly maintenance fee. And it includes up to 6 withdrawals per monthly cycle without incurring a withdrawal-limit fee.