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$200 dollars a each month as long as I keep that balance and make monbthly deposit transfers into my Money Market acoount? does my interest money get desposited into my Money Market account each month? For instance, at 0.10 percent of $2,000 shouldn't I receve $200.00 a month interest money earned?
July 21, 2017 10:21:01 AM
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In reply to Rudolph, Lansdale
Thanks for reaching out to us, Rudolph!
For our interest bearing accounts, any interest earned will be paid to the account monthly. The amount earned is based upon the Annual Percentage Yield and Interest Rate on the balance maintained in the account. It will show on your statement as an Interest Credit.
As you've stated that you have a Money Market account with us, we encourage you to check out info about that account at https://go.td.com/1KgUKvH. Click on the center link for 'Interest rates' for additional info on interest rates and about earning the most back on the money you maintain in your account.
We believe there may be in discrepancy in the interest calculations you've provided so we'd like to review your account and better explain how the interest is calculated and what you should expect to earn per month based on your balance. Please give us a call 24/7 at 888-751-9000 or stop in to see us at any of our Stores. To find one near you, please click here: https://go.td.com/1nq31dc.
We look forward to hearing from you soon and hope you have a great weekend, Rudolph!
Candice A, Mount Laurel
July 21, 2017 10:21:24 AM