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I would like to get more information about TD growth money market on how it works. Also, I would like to know if it would be the right choice for me because I am 20years old, I do not own a home nor live/ have bills to pay online.
diorjy, new castle
January 21, 2015 03:01:31 PM
In reply to diorjy, new castle
Thanks for coming to TD Helps today. We would be happy to help clarify this for you.
TD Bank offers many types of Savings and Money Market Accounts that can fit your needs. Please find the Savings and Money Market products offered by TD Bank listed here: http://bit.ly/1hzzhPT. We'd recommend reviewing any product you may like to be sure, and depending on the type of Savings or Money Market account you're looking for, we also invite you to use our Savings and Money Market Selector Tool at http://bit.ly/1sxY9Rd which can help you find the best account for you.
TD Growth Money Market account is a Savings account that allows Customers to earn more as they save more, with the added convenience of checks! With this Account, you are eligible for free standard TD checks and also able to have a TD Visa Debit Card. For more information regarding this specific Account, please check out: http://bit.ly/1vrMLtb.
Additionally, please note that Savings & Money Market accounts are regulated by the governmental Regulation D, a restriction which limits the amount of pre-authorized debits per statement cycle. This regulation does not restrict any deposits made into a savings account, only debits or transfers out of the account. The limitations on Money Market and Savings accounts include up to 6 debits per statement period of the following transaction types:
-Pre-authorized ACH – Automated Clearing House debits (health club fees, insurance premiums, car payments, and mortgage payments).
-Pre-authorized transfers (overdraft protection, transfer to Holiday Club, and transfer to checking account).
-TD Bank Online Banking and Telephone Banking transfers (debited from the money market or savings account).
-Request made by phone or fax for transfer (a request made my phone falls in the unlimited category if a check is mailed to the depositor as a result of the phone transaction)
-A check drawn on the account to any payee other than the depositor (applies to Money Market accounts)
Please review pages 6 & 7 of the Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ for more information about this regulation.
If you happen to exceed the transaction limit during a statement period, you will be notified on the first two occurrences by letter via mail. Please note, on the third occurrence, Personal Savings are automatically converted to a transaction Savings account and you will be informed in writing of the changes. Depending on the original account type, this change may reduce the interest rate and earnings. Also, a fee may also be assessed if the transaction limit is exceeded; please see our current Fee Schedule at http://bit.ly/1cTejgt for more information.
Once you have decided on the type of the account you wish to open, you may visit www.tdbank.com or click here: http://bit.ly/1fN7u4i to take you directly to the account opening application. You may also feel free to call us directly 24/7 at 888-751-9000 with any questions you may have and set up your new account via telephone.
As always, you are welcome to stop by your nearest TD Bank Store to speak with a Banking Specialist regarding new account options to determine what product type fits you the best. To find out TD Store locations near you, please visit, http://bit.ly/TDStores. You will need to bring a valid photo I.D. (Driver's License, Passport, Military I.D. etc.) and your Social Security number.
We hope this helps and please let us know if you have any additional questions. Have a great day!
Luis C, Mount Laurel
January 21, 2015 03:03:08 PM