Product Disclosure

About our Interest Calculations

About Our Interest Calculations

The method of calculating interest is summarized below:


Chequing Account Tiers On Account Details Overdraft ProtectionG
TD Minimum Chequing Account

TD Student Chequing Account

TD Every Day Chequing Account

TD Unlimited Chequing Account

TD All-Inclusive Banking PlanA

Private Banking AccountC

Preferred Chequing Account D, E

Plan 60 B, D

Value Account D
No tiers
Interest is payable monthly at the rates per annum, as offered.
  Pay As You Go
  Overdraft Protection


  Overdraft Protection


Overdraft limit:

$ ______________________

Interest Rate:

________ % per annum


Account #:

________________________

Savings AccountF Tiers On Account Details
TD Every Day Savings Account
Tier 1: $0 to $999.99
Tier 2: $1,000 to $4,999.99
Tier 3: $5,000 to $9,999.99
Tier 4: $10,000 to $24,999.99
Tier 5: $25,000 to $59,999.99
Tier 6: $60,000 and over
Interest is payable monthly at the rates per annum, as offered.

Interest for each tier is paid on your total daily closing balance.
TD High Interest Savings Account
Tier 1: $0 to $4,999.99
Tier 2: $5,000 to $9,999.99
Tier 3: $10,000 to $24,999.99
Tier 4: $25,000 to $59,999.99
Tier 5: $60,000 to $5,000,000
Tier 6: $5,000,000.01 and over
For tiers 1 to 5, interest is payable monthly at the rates per annum, as offered.

Interest for each tier is paid on your total daily closing balance.

When your balance falls within tier 6, you earn the tier 5 interest rate on $5,000,000, plus the tier 6 interest rate on the portion of your daily closing balance within tier 6.
TD ePremium Savings Account
Tier 1: $0 to $4,999.99
Tier 2: $5,000 to $9,999.99
Tier 3: $10,000 to $24,999.99
Tier 4: $25,000 to $59,999.99
Tier 5: $60,000 to $5,000,000
Tier 6: $5,000,000.01 and over
For tiers 1 to 5, interest is payable monthly at the rates per annum, as offered.

Interest for each tier is paid on your total daily closing balance.

When your balance falls within tier 6, you earn the tier 5 interest rate on $5,000,000, plus the tier 6 interest rate on the portion of your daily closing balance within tier 6.
Youth Account
Tier 1: $0 to $4,999.99
Tier 2: $5,000 and over
Interest is payable monthly at the rates per annum, as offered.

Interest will be calculated by multiplying the interest rate for each tier by the portion of the daily closing balance in that tier.
Private Banking AccountC
Tier 1: $0 to $2,999.99
Tier 2: $3,000 to $4,999.99
Tier 3: $5,000 to $9,999.99
Tier 4: $10,000 to $24,999.99
Tier 5: $25,000 to $59,999.99
Tier 6: $60,000 to $99,999.99
Tier 7: $100,000 and over
Interest is payable monthly at the rates per annum, as offered.

For tiers 1 to 5, the interest rate for each tier is paid on your total daily closing balance.

When your balance falls within tier 6 or 7, you earn the tier 5 interest rate on $59,999.99, plus interest on the portion of your daily closing balance within tiers 6 and 7.
Companion Savings Account ®, D
Tier 1: $0 to $4,999.99
Tier 2: $5,000 and over
Interest is payable monthly at the rates per annum, as offered.

Interest will be calculated by multiplying the interest rate for each tier by the portion of the daily closing balance in that tier.
Tier Savings Account D
Tier 1: $0 to $2,999.99
Tier 2: $3,000 to $4,999.99
Tier 3: $5,000 to $9,999.99
Tier 4: $10,000 to $24,999.99
Tier 5: $25,000 to $59,999.99
Tier 6: $60,000 to $99,999.99
Tier 7: $100,000 and over
Interest is payable monthly at the rates per annum, as offered.

For tiers 1 to 5, the interest rate for each tier is paid on your total daily closing balance.

When your balance falls within tier 6 or 7, you earn the tier 5 interest rate on $59,999.99, plus interest on the portion of your daily closing balance within tiers 6 and 7.
TD Premium Bonus Account D
Tier 1: $0 to $24,999.99
Tier 2: $25,000 to $59,999.99
Tier 3: $60,000 and over
Interest is paid monthly on the last day of the month on the total daily closing balance and at the rates per annum, as offered.

Interest will be calculated daily on the total closing balance, plus ½% annual interest bonus on a minimum account balance of $60,000 or more. Bonus interest reward is not compounded and is payable annually on the last business day in June. The account must remain open on the interest payment dates and for at least 90 days prior to those dates in order to earn interest.
TD Premium Savings Account D
No tiers
Interest is paid semi annually on April 30th and October 31st.

Interest will be calculated on minimum monthly balance each month.

The account must remain open for one complete calendar month in order to earn interest.

U.S. Dollar Account Tiers On Account Details Overdraft ProtectionG
U.S. Daily Interest Chequing Account

Borderless Plan

Private Banking AccountC
Tier 1: $0 to $499.99
Tier 2: $500 to $999.99
Tier 3: $1,000 to $2,999.99
Tier 4: $3,000 to $4,999.99
Tier 5: $5,000 to $9,999.99
Tier 6: $10,000 to $24,999.99
Tier 7: $25,000 to $59,999.99
Tier 8: $60,000 and over
Interest is paid monthly on the last day of the month at the rates per annum, as offered.

Interest is paid in the currency of the account.

Interest will be calculated by multiplying the interest rate for each tier by the portion of the daily closing account balance in that tier.
Overdraft limit:

$ _________________

Interest Rate:

________ % per annum


Account #:

___________________

Registered PlansF Tiers On Account Details
Daily Interest Savings RRSP
Tier 1: $0 to $4,999.99
Tier 2: $5,000 to $24,999.99
Tier 3: $25,000 to $59,999.99
Tier 4: $60,000 and over
Interest is paid monthly on the last day of the month.

Interest will be calculated on the daily closing balance by multiplying the interest rate for each tier by the portion of the daily closing balance in that tier.
Daily Interest Savings RIF/LIF/LRIF/PRIF/
RESP
Tier 1: $0 to $4,999.99
Tier 2: $5,000 to $24,999.99
Tier 3: $25,000 to $59,999.99
Tier 4: $60,000 and over
Interest is paid monthly on the last day of the month.

Interest will be calculated on the daily closing balance by multiplying the interest rate for each tier by the portion of the daily closing balance in that tier.
High Interest TFSA Savings Account
Tier 1: $0 to $999.99
Tier 2: $1,000 to $4,999.99
Tier 3: $5,000 to $9,999.99
Tier 4: $10,000 to $24,999.99
Tier 5: $25,000 to $59,999.99
Tier 6: $60,000 and over
Interest is payable monthly at the rates per annum, as offered.

Interest for each tier is paid on your total daily closing balance.

Notes Regarding Interest Earned on Deposit Accounts:

  1. Interest is calculated based on the daily closing balance of the account. This balance includes transactions completed on a business day as follows:
    • All in-branch transactions, EasyLine® transactions, and EasyWeb® transactions (except TD Waterhouse® transfers and account transfers involving foreign currency) completed prior to 11:59 p.m. ET
    • All EasyWeb TD Waterhouse transfers completed prior to 8:00 p.m. ET
    • All EasyWeb account transfers involving foreign currency, ATM transactions and Debit Payment purchases completed prior to 9:00 p.m. ET
    Transactions completed or processed after the above times on a business day or anytime over the weekend or on a statutory holiday will be considered for interest calculation purposes to have been made on the next business day.
  2. Daily interest is calculated as follows: Daily closing balance x interest rate for the appropriate tier divided by 365. Interest calculations using a minimum monthly balance are calculated based on 366 days during a leap year. Interest accrues for each day during a leap year. When an account is closed, interest credited is calculated based on the previous business day.
  3. For deposit accounts opened on the last business day of the month, any interest earned for that day will be posted to the account on the last business day of the following month.
  4. In-branch deposits containing cheques totalling $100,000 or greater received after 5:00 pm local time (or anytime on a weekend) will be held in safe-keeping and deposited to the account the next business day.
  5. Business day means Monday to Friday, excepting statutory holidays and excluding Saturdays and Sundays.
  6. Interest rates are subject to change without notice.


A TD All-Inclusive Banking Plan: former Investment Builder Account® with TD Preferred® Service plan earns Tier Savings Account interest and is not eligible for either kind of overdraft protection.
B Plan 60: former Investment Builder Account with TD Plan 60® Service plan earns Tier Savings Account interest and is not eligible for either kind of overdraft protection.
Plan 60: former TD Premium Bonus® Account with TD Plan 60 Service plan earns Premium Bonus Account interest plus ¼%, and is not eligible for either kind of overdraft protection.
Plan 60: former TD Premium Savings® Account with TD Plan 60 Service plan earns Premium Savings Account interest plus ¼%, and is not eligible for either kind of overdraft protection.
C TD Waterhouse Private Banking services are offered by The Toronto-Dominion Bank. Private Banking is offered to clients of TD Waterhouse Private Client Services centres.
D Account no longer for sale.
E Excludes former TD Personal Chequing Account-no interest paid on account.
F Overdraft protection not available on Savings Accounts or Registered Plans.
G Pay As You Go Overdraft Protection not available on Savings Accounts, US Dollar Accounts, Private Banking Accounts and Registered Plans.
All trade-marks are the property of their respective owners.
® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank or a wholly-owned subsidiary in Canada and/or other countries.

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