I got this email today, not sure if its for everyone but looks like it from the 'fine print'.
email reads:
When you open a TD personal savings account and deposit $20,000 or more in new money within 20 days of account opening. Then, maintain a balance of at least $20,000 for 90 days from the date the deposit requirement is initially met.
Offer ends June 30, 2022
Fine Print:
Offer valid April 1, 2022 through June 30, 2022. Savings offer is not available to existing TD Bank savings Customers, prior Customers who have had a TD Bank personal savings or money market relationship within the preceding 12 months or Customers who have received a bonus on a previous savings account at any time. Accounts must be opened online and through a qualifying website.
To qualify for the $200 personal savings cash bonus, new personal savings Customers must open a TD Beyond Savings or TD Simple Savings account (CDs, IRAs and Money Market accounts excluded) and deposit $20,000 or more in new money within 20 calendar days of the account opening date. Then, maintain a balance of at least $20,000 for 90 days from the date the deposit requirement is initially met.
New money is funds that are not currently held in a TD Bank retail deposit account. Broker, municipal, commercial and small business deposits are not included. The primary owner of the new personal savings account must be the person who supplies a Social Security Number for tax reporting purposes.
Once the offer criterion is met for all qualifications, the bonus will be credited into the new personal savings account no later than 140 days from the account opening date. Accounts must remain open, active, in good standing and remain in a qualifying product type in order to receive the bonus. If the savings account is closed by the Customer or TD Bank within 6 months after the account opening date, TD Bank reserves the right to deduct the bonus amount from that account at closing. TD Bank may issue you an IRS Form 1099-MISC, or other appropriate forms reporting the value of the bonus. Offer may be withdrawn at any time and is subject to change. TD Bank Employees and Canadian Cross-Border banking Customers are not eligible.
2 Savings Overdraft Protection is an optional service that account holders may enroll in to link a savings or money market account to a checking account. If your checking account available balance is negative at the end of the day, money will be automatically transferred from the linked savings or money market account to your TD Checking account. A $3 transfer charge per day may apply to your linked TD Checking account when funds are transferred. The available balance in your linked savings or money market account must have sufficient funds to cover the overdraft amount and the transfer fee. Please refer to TD Bank Overdraft Protection and Services for information on Savings Overdraft Protection.
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For written correspondence, please contact us at:
TD Bank, Attention: Marketing
P.O. Box 9540
Portland, ME 04112-9540
Member FDIC | TD Bank, N.A.
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https://www.td.com/us/en/personal.../featured/
5 Comments
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Inflation-pegged bonds are a better payout if you can wait a year+
Also what is the minimum amount you need to keep in the savings acing after 3 months for it to be a free account?