TD Bank

Savings rates are averaging about 1.32%, but TD Bank has an Elite Savings with a 1.5% annual percentage yield (APY). The offer expires Nov. 30, 2009, and is available when you open a new TD Bank checking account. Other details include:

• Minimum deposit of $10,000 in Elite Savings and checking account
• New customers can apply online, by phone, or in a branch
• Existing bank customers must apply by phone or at their local branch
• Promotional savings rate is guaranteed as long as $10,000 minimum daily balance is maintained
• Savings accounts insured by the Federal Deposit Insurance Corp. (FDIC)

At the end of the promotional three-month period, standard rates apply and can change at any time. If the minimum daily balance falls below $10,000, the APY is 0.8%, which is current as of Nov. 8, 2009. The bank also charges a $12 maintenance fee if the balance falls below $10,000. Any fees associated with the savings account can reduce the amount earned.

When you open checking and savings accounts you get free access to more than 5,200 TD Bank or TD Canada Trust ATMs. TD Bank also offers free online bill pay and free coin counting at its branches.

The deal only applies to consumer accounts and does not apply to IRA Elite Savings Accounts.

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