TD Bank Money Market Rates
The current TD Bank Money Market rates are on a tiered system that is dependent on your current balance within your money market account. The tier rates are as follows.
For a balance of $0.01 to $999.99, the APY is 0.10%. For a balance of $1,000 to $9,999.99, the APY is 0.10%. For a balance of $10,000 to $24,999.99, the APY is 0.25%. For a balance of $25,000 to $49,999.99, the APY is 0.50%. For a balance of $50,000 to $99,999.99, the APY is 0.50%. For a balance of $100,000 to $249,999.99, the APY is 0.60%. For a balance of $250,000 to $499,999.99, the APY is 0.60%. For a balance of $500,000 to $999,999.99, the APY is 0.60%. For a balance over $1,000,000, the APY is 0.60%.
There is no minimum amount needed to open a money market account, but unless there is a deposit no interest will be acquired. If a $1000 balance is maintained, then the $12 monthly maintenance fee is waived. This maintenance fee is also waived if the account holder is over the age of 62.
These APY Money Market rates were posted on the TD Bank home web site on 12/08/09 and were still accurate as of 12/10/09 for the state of Pennsylvania. These rates are subject to change without notice before or after an account is opened.
Account holders are allowed to write up to 3 checks a month and enjoy free bill paying as an online banking option. These are the TD Bank Money Market rates that are FDIC insured.