What minimum balance do I need to enjoy the no monthly fees benefit?
This TD account doesn't have a minimum balance requirement to enjoy its no-monthly-fee benefit. So, you can have $10 in your account without paying any monthly fees. However, its transaction fee waiver and interest rate can only be obtained when you meet the minimum balance requirement.
Does this high interest savings account offer more interest if I save more?
No. The interest rate for this TD Bank high-interest account is fixed at 0.050%. So, it doesn't matter if your total daily closing balance is up to $1 million; the interest remains the same. This pattern of offering interest is standard for all TD Bank savings accounts.
What should I prepare to open this TD Bank High Interest Savings Account?
The first requirement is to ensure you're up to the age of majority in your province. You also need a personal email address that isn't shared with anyone else. Afterward, you must prepare identifying documents like an ID card, a driver's license, etc.