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I was looking at CD accounts and was wondering about bump rates. it says that may checking account must be in good standing. I was wondering what that means, does the checking account need a lot of money in it?
June 27, 2016 01:29:57 PM
In reply to Travon, Maryland
Welcome to TD Helps, Travon.
Some accounts offer an opportunity to earn a higher than standard interest rate when linked with another eligible account; this is noted as a "Rate Bump." Please take a look here to view our current Checking accounts that may offer this benefit: http://go.td.com/295lkSR. Or, you may view our Savings accounts that offer this benefit here: http://go.td.com/1l6nLQ7.
For an example of an account with this feature, please locate our TD Relationship Savings account through the link above. You can see that currently this account offers a "Rate Bump" when linked with a Mortgage Loan, Home Equity Loan, TD Credit Card, or active TD Checking Account that you have with us. If you have these accounts with TD and are eligible for this, you may reach out to a Banking Specialist 24/7 so that we may link the accounts and provide you with an extra Rate Bump. This would increase the rate of interest that you receive on the product that lists the "Rate Bump" as a benefit. In this example, you would earn more interest on the Relationship Savings account than would normally if it was not linked to another product that you have with TD.
To explain this in more detail or to review any accounts that you have with TD to determine if they are eligible for this Rate Bump, please connect with us 24/7 at 888-751-9000. After account verification, we'd be happy to help. You may also visit your local TD Store for additional assistance here: http://go.td.com/1f9DSJR.
We'd like to take this opportunity to let you know that we offer a variety of interest bearing accounts, such as Checking, Savings, Money Market and CD accounts. There are some CDs that we offer which do allow you to make deposits at any time; we invite you to visit http://go.td.com/1hGRpMR for more information. Please understand, a deposit into a CD cannot be done electronically. To initiate this type of deposit a corresponding deposit slip must be completed along with your signature.
Once you have decided on the type of CD you wish to open, you open the account Online by selecting the "Open Account" box located next to each account. You may also feel free to call us directly 24/7 at the above mentioned number with any questions you may have and to set up your new account via telephone.
We hope this information is helpful, Travon and please take care.
Alara B, Mount Laurel
June 27, 2016 01:30:18 PM