About the account
The instant access deposit account provided by TD Bank N.V. enables you to earn interest on cash savings in four major currencies (Sterling, Euro, US Dollars and Canadian Dollars).
You can manage your account online or by phone and can easily transfer money from your savings account to your TD Direct Investing Trading Account to make investments or pay for transactions that are due to settle.
Savings Account interest
|Currency Held||Current Gross Interest Rate (AER)*
Effective from 8 August 2016
|Pounds Sterling (£)||0.50%|
|All other permissible currencies||0.10%|
*AER stands for Annual Equivalent Rate (contractual rate when paid and compounded each year).
Interest is accrued daily and paid quarterly.
All savings account interest will be gross of income tax. If your total savings income is below the Personal Savings Allowance (PSA) of £1,000 pa for basic rate tax payers and £500 pa for higher rate tax payers you will have no tax to pay. If your savings income is above your respective PSA or if you are an additional rate tax-payer any tax payable will be automatically collected by HMRC, through a change to your tax code. If you currently complete a Self-Assessment tax return you should continue to do so. For further information go to: www.gov.uk/hmrc/savingsallowance.
Savings Account rates and charges
For details of all rates and charges applicable to this account view our rates and charges.download as pdf
Open a Savings Account
A Savings Account is only available to customers who hold a TD Trading Account. To open a Savings Account, login and select 'open new account' from the 'Products/Services' menu.