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I saw interest credit on my savings account. Do I need to pay that back, how does it benefit me and I already checked details on the type of accounts and there is nothing talking about interest credit from what I can see.
May 5, 2016 12:11:44 PM
In reply to kimberly, Bronx
Thanks for your question, Kimberly. We'd be glad to discuss interest with you.
When an account is interest bearing, this means that the funds in the account will earn interest over time based on the interest rate. These funds do not have to be paid back however you may receive a 1099-INT form at the end of the year to claim on your taxes. To take a look at our savings accounts and our interest rates please visit http://go.td.com/1pJT9I9.
If you have any additional questions or concerns, we recommend reaching out to us 24/7 at 888-751-9000 or visit us at any TD Store. To take a look at TD Stores near you please visit http://go.td.com/1f9DSJR.
We hope this helps, Kimberly and have a good day.
Megan K, Mount Laurel
May 5, 2016 12:12:11 PM