Canada
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TD Simple Savings
Great for building your savings or if you have a young saver in the family
- $300 minimum Daily balance to waive $5 monthly maintenance fee
- No fee for first year With recurring transfer of $251
- Young adult or student? Enjoy a waived monthly maintenance fee
What you get
An everyday savings account with a low monthly fee that can be waived1 plus lots of other perks to help you reach your savings goals.
- Drop the monthly maintenance fee
All it takes is a $25 recurring transfer from your linked TD Bank checking account1 to waive the fee for the first year. Then, just keep a $300 minimum balance to waive the $5 monthly fee. - Free for young and senior savers
Enjoy no monthly maintenance fee and no minimum daily balance requirements ever if you're 18 or under/62 or older. - Free automatic transfers
Kick-start your savings with transfers from other accounts
- Earn interest
Your savings earn interest to help you toward your goals - Save on fees
Get a $1 discount on the monthly maintenance fee when you choose Online Statements only
Standard Rate
Build your savings with interest.
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Current APY*
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What you pay
Monthly Maintenance Fee |
$5 or $4 when you choose Online Statements only |
$300 or $0 if you are under 18 or over 62 |
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Earns Interest |
Yes |
ATM Fees |
None at TD ATMs |
Checks |
N/A |
Online Statements |
Free |
Paper Statements |
Free |
Minimum Opening Deposit |
$0 |
Overdraft Protection |
This account can be set up to protect a TD Checking account2 |
Free with this Account |
TD Bank Mobile Deposit3 |
Additional Benefits |
Fee waived for first 12 months with recurring $25 transfers1 |
You're never too young to save – see how to start
TD Simple Savings can help get you started:
- If you're under 18
The monthly maintenance fee is always waived - If you’re a full-time student ages 17 through 23
Link a TD Simple Savings account to your TD Convenience CheckingSM account and we'll waive the monthly maintenance fee for TD Simple Savings4
Get the most from your new account
TD Convenience CheckingSM
Get great features with a low minimum daily balance requirement
TD Connect Card
Decide where, when and how much you want to spend, load the card and go
Open account
Online
The fastest way to open an account
In person
Visit a TD Bank near you to set up your account
Minimum daily balance to waive monthly maintenance fee