TD Bank eSavings Account Review (2026)
Is TD Bank worth it in 2026? We break down rates, fees, features, and who this account is really best for.
Quick Answer
TD Bank eSavings Account is currently offering 0.45% with no monthly fees. It's best for Canadians who want a simple, no-fuss account with a strong rate and full CDIC insurance.
Current TD Bank Rates
Regular Rate
0.45%
Promo Rate (until Not time-limited — TD Growth Savings Account's balance-tiered Boosted Rate, requires a linked eligible TD Chequing Account and 2 of 3 Qualifying Monthly Transactions/month. Tiers: $5k=0.50%, $10k-$99,999=1.00%, $100k-$499,999=1.30%, $500k+=1.50%.)
1.50%
TD ePremium Savings Account: 0.45% flat on balances $10,000-$1,000,000, no linked account needed. TD Growth Savings Account offers a higher tiered rate but requires a linked TD Chequing Account with 2 of 3 monthly transactions — see promo fields.
✓ Pros
- ✓No monthly fees or minimum balance
- ✓CDIC-insured deposits
- ✓Unlimited Interac e-Transfers
✗ Cons
- ✗Online/app only — no physical branches
- ✗Variable rate can change anytime
- ✗May require separate account for bill payments
Who Is TD Bank Best For?
TD Bank eSavings Accountis a strong choice if you're looking to:
- Park an emergency fund at a higher rate than a big bank
- Save for a short-term goal (vacation, down payment, car)
- Hold cash inside a TFSA or RRSP with competitive returns