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I just opened a Growth Money Market Savings, and put in the minimum $2000 to avoid fees and I set up a monthly reoccurring debit from my td checking account of $75. The interest rate should be 0.05% since I am meeting all the growth qualifications, however the interest rate only says 0.001%. What is happening?
margaret, orange city
May 13, 2015 07:59:44 AM
2 people recommended this |
In reply to margaret, orange city
Hello Margaret, thank you for opening a new Growth Money Market account with us.
With TD Growth Money Market account, you are rewarded with a higher interest rate when you link to a TD Bank personal Checking account, complete a recurring transfer into your TD Growth Money Market account from a TD Bank account, and grow your balance by at least $50 in a month. For more details of TD Growth Money Market account including the qualifications, please visit here: http://bit.ly/1vrMLtb. Please also know that our Annual Percentage Yield (APY) is subject to change; we invite you to follow this link for the up to date Annual Percentage Yield (APY): http://bit.ly/1cDNIR3.
Please understand that we would like to assist you directly with the inquiry you have about the APY on your account, unfortunately, we do not have access to your personal information since this is considered an unsecured forum. In order for us to review your account with you, we recommend calling 888-751-9000, 24/7 and speak with one of our Banking Specialists directly. After account verification, they'd be more than happy to review both of your accounts (TD Checking and Growth Money Market account) with you and make sure that your accounts are set up and linked properly, so you may benefit the most from this product type. Also, you may visit any TD Bank Store to have your accounts reviewed in person during normal lobby hours. For a listing of TD Bank Stores locations and hours, please see here: http://bit.ly/TDStores.
Additionally, if you are enrolled for online banking, you may send a secure message using www.tdbank.com. To send a secure message you must first logon to your TD Bank online profile form here: http://bit.ly/1eaISlq. On the left hand side, you should see an option to "Send a secure message" located in the “Message Center." If you have not enrolled, please call us 24/7 at the number listed above to speak with our Banking Specialists.
Thanks again for choosing TD Bank and we hope you have a great Wednesday, Margaret!
LiShu R, Mount Laurel
May 13, 2015 08:02:26 AM
In reply to LiShu, Mount Laurel
What is the meaning of "grow your balance by at least $50 a month"? What if I need to make a temporary transfer into the checking account it's linked to?
October 30, 2017 11:39:22 AM
In reply to J, NY
Hi J! Thanks for joining us.
We'd be glad to clarify.
In order to receive the rate bump there are some qualifications. They are as follows:
- A monthly recurring transfer of $50.00 from another TD Bank account into your money market account.
- The account balance should grow by at least $50.00 in a monthly statement cycle. Meaning that the balance each statement cycle should be at least $50.00 higher than the previous month.
- An eligible, personal checking account linked to your new Money Market account.
We hope this helps, J! If you have any additional questions, please don't hesitate to reach out to us here or give us a call 24/7 at 888-751-9000. You're also invited to visit us at any of our Stores. To find one near you, please click here: https://go.td.com/1nq31dc.
We hope you have a great day, J!
Candice A, Mount Laurel
October 30, 2017 11:39:38 AM