If you’ve checked your TD savings account statement lately and wondered why the interest seems nearly invisible, you’re not alone — TD’s rates vary wildly depending on which account you pick and how much you keep in it. This article lays out every TD savings rate as of mid-2026, compares them with top competitors, and shows exactly how much your money could earn at different balance levels.

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Current TD Every Day Savings rate: 0.300% on $0–$99,999 ·
TD ePremium rate (with $10,000+): Up to 2.75% ·
TD Growth rate (with eligible chequing): Up to 1.50% ·
Minimum balance for top TD rate: $10,000 ·
TD Signature rate (balances $250k+): Up to 2.75%

Quick snapshot

1Confirmed facts
  • TD Every Day Savings pays 0.300% on balances up to $99,999 (TD Canada Trust)
  • TD ePremium offers up to 2.75% on balances of $10,000+ (TD Canada Trust)
  • No monthly fee on ePremium if you opt for electronic statements (TD Canada Trust)
2What’s unclear
  • Whether TD will launch new promotional rates in 2026
  • Exact future rates after Bank of Canada decisions
  • How TD’s tiered base rates will adjust with market changes
3Timeline signal
  • 2024–2025: Bank of Canada rate cuts reduced savings account rates from peaks of ~5% to current 2.75% top tier (TD Canada Trust)
4What’s next
  • Monitor Bank of Canada rate announcements for potential rate changes (RBC Royal Bank)
  • Compare TD rates with competitor promotions—RBC currently offers 4.60% for 3 months (RBC Royal Bank)

Here are the key facts at a glance.

Key facts at a glance
Fact Value
Highest TD savings rate available 2.75% (ePremium or Signature on qualifying balances)
Lowest TD savings rate 0.010% (High Interest Savings Account base tier, per TD rates page)
Minimum deposit for top rate $10,000
Monthly fee on standard savings account $5 (waivable with $5,000 balance or electronic statements)
Canadian average high-yield savings rate (2026) ~2.50%–3.50%

What is the TD High Interest Savings Account Rate?

Current rates for TD savings accounts

  • TD Every Day Savings: 0.300% on $0–$99,999.99; 0.550% on $100,000–$499,999.99; 0.650% on $500,000+ (TD Canada Trust official rates page)
  • TD ePremium Savings: Up to 2.75% on balances of $10,000 or more (TD Canada Trust)
  • TD Growth Savings: Up to 1.50% when linked to an eligible chequing account and maintaining $5,000 minimum (TD Canada Trust)
  • TD Signature Savings: Up to 2.75% on balances of $250,000+ (TD Canada Trust)
  • TD High Interest Savings Account (base tier): 0.050% on $0–$59,999.99; 0.010% on $60,000+ (TD Canada Trust)

The pattern: TD’s headline “high interest” accounts require a minimum balance to unlock the advertised rate. Without that threshold, the base rate can be as low as 0.010% – barely keeping pace with inflation.

The upshot

If you park $5,000 in a TD Every Day Savings account, you earn just $15 per year at 0.300%. Move that same $5,000 into TD Growth Savings with a linked chequing account and you earn $75 per year at 1.50%. The same money, different account – the choice is worth about $60 annually.

Why rates vary by account type and balance

TD uses balance tiers to encourage larger deposits. The ePremium account, for example, only pays its top rate (2.75%) on balances above $10,000. Below that threshold, you earn a much lower base rate. This tiered structure means your effective yield depends heavily on how much you keep in the account. A comparison from NerdWallet Canada (personal finance authority) shows that many online banks offer flat high rates without such balance requirements.

The trade-off: TD’s branch network and brand convenience come at the cost of rate complexity. If you maintain high balances, ePremium competes; if you don’t, money earns far less.

What to remember: TD’s tiered structure penalizes smaller balances – a saver with $5,000 could earn $60 more by choosing the right account, but still falls short of online bank rates.

Does TD Bank Offer a High-Yield Savings Account?

TD ePremium Savings Account features

  • Up to 2.75% on balances of $10,000+ – the closest TD gets to a true high-yield account
  • No monthly fee with electronic statements
  • Unlimited withdrawals (no penalty)
  • Available as a TFSA or non-registered account

TD Growth Savings Account features

  • Up to 1.50% with an eligible TD chequing account and minimum $5,000 balance
  • Monthly fee waived when you maintain $5,000
  • Linked chequing account required to get the bonus rate

TD Signature Savings Account (high-balance tier)

  • Up to 2.75% on balances $250,000+
  • No monthly fee with $250,000+ balance
  • Tiered rates – the more you keep, the higher the rate

The catch: None of TD’s accounts offer a true “no-strings-attached” high yield. Every promotional rate is tied to a balance floor, a linked account, or a limited-time offer. For comparison, RBC Royal Bank (Big Six bank) is currently offering 4.60% for 3 months on its High Interest eSavings account, with no minimum balance for the promotional period. Scotiabank (another Big Six bank) offers 2.80% for 3 months, then a regular tiered rate up

The catch

TD’s ePremium is its best high-yield option, but at 2.75% (conditional on $10k+ balance), it lags behind the 4.60% promotional offers from RBC and Scotiabank. For a short-term deposit, the gap can cost you hundreds of dollars in lost interest.

The pattern: TD relies on brand loyalty and branch access, but its yield is only competitive for large, static balances.

How Much Will $20,000 Make in a High-Yield Savings Account?

Earnings projection with TD ePremium at 2.75%

With $20,000 in TD ePremium earning 2.75% APY, your annual interest comes to $550. That’s $45.83 per month – enough for a modest dinner out.

Earnings projection with TD Every Day at 0.300%

With $20,000 in TD Every Day Savings at 0.300%, annual interest is just $60 – about $5 per month. The difference between the two accounts on $20,000 is $490 per year.

Comparison with top Canadian online banks

Leading online banks like EQ Bank (2.75% as seen in NerdWallet Canada’s roundup) match TD ePremium’s rate but with no minimum balance. Tangerine offers up to 4.50% on promotional periods. For a $20,000 deposit, a 4.50% promo would earn $900 in one year – $350 more than TD ePremium.

Earnings comparison for $20,000 (annual interest)
Account Rate Annual interest on $
TD ePremium Savings (with $10k+ balance) 2.75% $550
TD Every Day Savings 0.300% $60
RBC High Interest eSavings (promo 3 mo.) 4.60% for 3 months, then lower ~$230 in first 3 months, then variable
EQ Bank Personal Account 2.75% $550
Tangerine Savings (promo) Up to 4.50% Up to $900

Why this matters: For Canadians with $20,000 in savings, choosing TD ePremium over TD Every Day is a no-brainer – $490 more per year. But even ePremium fails to keep up with promotional rates at competitors. If you’re willing to switch banks temporarily, you can earn significantly more.

Key insight: A $20,000 saver loses $350 per year by sticking with TD ePremium instead of chasing Tangerine’s promo – $490 if they stay in TD Every Day.

Is a TD High Interest Savings Account Tax Free?

Difference between TFSA and non-registered savings

Standard TD high interest savings accounts – ePremium, Growth, Every Day – are taxable. Interest earned is added to your annual income and taxed at your marginal rate. However, TD also offers a TFSA High Interest Savings Account version, where all interest grows tax-free and withdrawals are not taxed. The TFSA contribution limit for 2025 was $7,000; the 2026 limit may adjust (TD Canada Trust).

How to open a TD high interest TFSA savings account

You can open a TD TFSA High Interest Savings Account online or in branch. It works exactly like the non-registered version except that contributions are limited by your TFSA room. The same interest rates apply – up to 2.75% on ePremium TFSA with $10,000+.

Contribution limits and tax implications

For 2026, the TFSA annual limit is expected to remain at $7,000 (indexed to inflation). If you have unused contribution room from previous years, you can contribute more. The key takeaway: a TFSA version of TD’s high interest account lets you keep 100% of the interest earned, instead of losing a chunk to taxes. For someone in a 30% marginal tax bracket earning $550 in interest, that’s $165 saved annually.

The implication: A TFSA wrapper transforms TD ePremium from a mediocre taxable yield into a tax-free 2.75% – worth $165 a year for middle-income savers.

What Are the Requirements for a TD High Interest Savings Account?

Minimum deposit and balance requirements

  • TD ePremium: No minimum to open; $10,000 minimum to earn the top 2.75% rate
  • TD Growth Savings: $5,000 minimum to earn bonus rate (with linked chequing)
  • TD Every Day Savings: No minimum to open; $5,000 to waive monthly fee
  • TD Signature Savings: $250,000 minimum for top rate and fee waiver

How to open an account online or in branch

Opening a TD savings account is straightforward. You can apply online through TD’s website – you’ll need your Social Insurance Number, a valid ID, and an initial deposit method. Alternatively, visit any TD Canada Trust branch. The process typically takes 10–15 minutes online, and the account is usually active immediately.

Current promotions and sign-up bonuses

As of mid-2026, TD is not advertising a specific new-account bonus for its savings accounts. However, competitors like RBC are offering 4.60% for 3 months (RBC Royal Bank) and Scotiabank offers 2.80% for 3 months (Scotiabank). It’s worth checking if TD introduces a limited-time rate boost later in 2026.

What to watch

TD’s promotional history suggests they sometimes match competitors’ offers, but not consistently. If you’re flexible, monitor the Bank of Canada rate announcements and be ready to move funds if TD doesn’t adjust upward.

The catch: Without a promo, TD’s requirements – $10,000 for a competitive rate, $5,000 to waive fees – make it a poor choice for small savers who can get better terms elsewhere.

Comparison Table: TD vs Top Competitors

Three major Canadian banks, one clear pattern: promotional rates far outstrip TD’s standard offerings.

Bank Account Base rate Promotional rate
TD Canada Trust ePremium Savings Up to 2.75% (with $10k+ balance) N/A currently
RBC Royal Bank High Interest eSavings Low base rate 4.60% for 3 months (RBC)
Scotiabank Scotia High Interest Savings 0% below $10k; 0.75% $10k–$99,999; up to 2.20% 2.80% for 3 months (Scotiabank)
National Bank High Interest Savings 0.55% (National Bank official page) N/A
EQ Bank Personal Account 2.75% (NerdWallet Canada) N/A

The implication: TD’s standard rates are competitive only if you already meet their balance thresholds and don’t chase promotions. For short-term savings, the competitor promotional offers can yield significantly more.

Spec Table: TD High Interest Savings Account Details

Six key specs across TD’s savings lineup – the details that determine your real earnings.

Specification TD Every Day Savings TD TD Growth Savings TD Signature Savings
Interest rate (top tier) 0.650% ($500k+) 2.75% ($10k+) 1.50% ($5k+ with chequing) 2.75% ($250k+)
Base rate (low balance) 0.300% 0.050% Variable Depends on tier
Monthly fee $5 (waived with $5k balance) $0 (with e-statements) $0 (with $5k+ balance) $0 (with $250k+ balance)
Minimum balance for fee waiver $5,000 $0 (e-statements) $5,000 $250
TFSA option Yes Yes Yes Yes
CDIC insurance Yes ($100,000 per depositor) Yes Yes Yes

The pattern: Only ePremium and Signature offer truly competitive rates, and both require a significant balance. For smaller savers ($5k–$10k), Growth Savings with a linked chequing account is the best TD option, but even then 1.50% is below the market average for high-interest accounts.

Pros/Cons of TD High Interest Savings Accounts

Upsides

  • Branch access for in-person banking
  • No minimum deposit to open most accounts
  • ePremium rate is competitive for large balances (2.75%)
  • CDIC insured up to $100,000
  • Can hold within TFSA for tax-free growth

Downsides

  • Low base rates (0.010%–0.300%) without meeting thresholds
  • No current promotional bonus interest
  • High balance requirements to earn top rates
  • Monthly fees on certain accounts unless balance maintained
  • Lags behind promotional offers from RBC (4.60%) and Scotiabank (2.80%)

The balance: TD’s branch network is a real advantage, but the low base rates and high thresholds make it a second-tier choice for rate-focused savers.

Clarity: What’s Confirmed vs What’s Still Open

Confirmed facts

  • TD Every Day Savings pays 0.300% on $0–$99,999.99 (TD Canada Trust rates page)
  • TD ePremium rate reaches 2.75% with $10,000+ balance (TD Canada Trust)
  • RBC offers 4.60% for 3 months on new High Interest eSavings accounts (RBC Royal Bank)
  • CDIC insurance covers eligible deposits at TD up to $100,000 (principle applies to all CDIC members)

What remains uncertain

  • Whether TD will introduce a promotional rate later in 2026
  • Exact future savings rates after Bank of Canada decisions
  • How long competitor promotional rates will last

The bottom line: What you see is what you get – TD’s rates are unlikely to rise without a BoC moves, while competitors may offer short-term boosts.

Expert Perspectives

“Our ePremium Savings Account offers a competitive rate of up to 2.75% on balances of $10,000 or more. No monthly fee with electronic statements.”

— TD Canada Trust, official savings account page

“TD is a familiar name with branch access, but its savings rates are not among the highest in our roundup. For pure yield, online banks like EQ Bank and Tangerine often offer better returns.”

— NerdWallet Canada (personal finance authority)

> “I had money in TD ‘High Interest’ Savings earning 0.05%. Switched to EQ at 2.75% and it’s night and day. Don’t be loyal to a bank that doesn’t pay you.”

— Reddit user on r/PersonalFinanceCanada (community forum)

The consensus: Analysis from TD itself and independent experts both point to the same conclusion – TD’s yield is acceptable only for large balances or when convenience outweighs rate.

For Canadian savers, the choice is clear: if you already keep $10,000 or more at TD and value branch access, the ePremium account offers a reasonable 2.75% – but you’re leaving money on the table compared to promotional offers from RBC (4.60%) or Tangerine (4.50%). For the average Canadian earning $550 on a $20,000 deposit at TD ePremium, switching to a 3-month promo from Tangerine could net an extra $350. The trade-off: convenience fees. For the saver who can tolerate online-only banking, the smarter move is to chase the best promotional rate and move funds when it expires.

Additional sources

youtube.com, highinterestsavings.ca

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Frequently asked questions

What is the minimum balance to earn the high interest rate on TD ePremium?

$10,000. Below that threshold, the base rate is much lower (0.050%).

Does TD charge monthly fees on its high interest savings accounts?

Only on certain accounts. TD Every Day Savings has a $5 monthly fee waived with a $5,000 balance. TD ePremium has no fee with electronic statements. TD Growth Savings fee is waived with $5,000+ balance and linked chequing.

Can I open a TD high interest savings account online?

Yes, you can apply online through TD’s website. You’ll need a Social Insurance Number and valid ID.

How often is interest paid on TD savings accounts/>

Interest is calculated daily and paid monthly on the last business day of the month.

Are TD high interest savings accounts covered by CDIC insurance?

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Yes, eligible deposits at TD are covered by CDIC up to $100,000 per depositor per insured category.

What is the difference between TD ePremium and TD Growth Savings?

TD ePremium offers a higher rate (2.75% on $10k+) but requires a $10k minimum. TD Growth offers up to 1.50% on $5k+ but requires an eligible TD chequing account. ePremium is better for pure savings; Growth is a compromise for smaller balances.

Is there a bonus interest promotion for new TD savings accounts in 2026?

As of mid-2026, TD has no active promotional rate for new savings accounts. Competitors like RBC and Scotiabank are offering limited-time bonuses.

How does the TD high interest savings account compare to EQ Bank Savings Plus?

EQ Bank’s Personal Account offers 2.75% with no minimum balance, no monthly fees, and no transaction limits. TD ePremium matches the rate but requires $10k to qualify. For balances under $10k, EQ Bank is the clear winner.

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