TD Bank money market rates
TD Bank is one of the leading banks in the US today and they offer many savings and lending products top customers who are located across the length and breadth of the country. In our series of the review of TD bank rates, we will turn our attention to the TD money market rates.
Before we go into the TD money market rates, we will describe some of the features of this investment option. The main advantage of money market accounts is the tiered interest rates that help you to earn more money by way of interest. There is no minimum amount required to open an account and the monthly maintenance fee is also waived if the minimum daily balance is more than $1,000. The maintenance fee is also waived for customers who are 62 years or more. Otherwise, a $12 monthly maintenance fee is charged directly to the account. The customers can write up to 3 checks in a month and along with this account, comes the option to use free Bill Pay and online banking. These accounts come with a lot of flexibility. One can open and maintain an account online or at the nearest branch.
The current TD interest rates for a money market account are 0.10% for a balance of less than $10,000. The rates are 0.25% for balances between $10,000 and $25,000 and 0.45% for balances between $25,000 and $100,000. The TD bank account rates for this account are 0.55% for balances over $100,000. These rates are very competitive in the current banking scenario and this makes it a good option for investment.
