$200 bonus on new TD savings account

[disneysteve]

TD Bank is offering a $200 bonus if you open a new savings account and deposit $20,000 and leave it there for 90 days.

https://www.td.com/us/en/personal-banking/savings-accounts/featured/?eml=eml:et:tdus:moneyin:savings:C200000101:1-4:acquisition:customers:CIE_C200000101_1-4:

[james.hendrickson]

Thats 1% risk free money after 90 days...might be worth it.

[disneysteve]

Thats 1% risk free money after 90 days...might be worth it.

It's actually the equivalent of a 4% annual rate of return. $200 on 20K in 90 days would be $800 in a year which is 4%.

[Scallywag]

It's actually the equivalent of a 4% annual rate of return. $200 on 20K in 90 days would be $800 in a year which is 4%.

What is the rate after 90 days? The website simply says "competitive" but doesn't mention how competitive!

Also, this:

https://www.doctorofcredit.com/td-ba...-credit-cards/

We used to travel to a particular country frequently in the past and hated transaction fees. Unfortunately, NO bank seems to offer transaction fee free foreign currency credit cards anymore. Oh, well.

[disneysteve]

What is the rate after 90 days? The website simply says "competitive" but doesn't mention how competitive!

Oh I suspect it's right up there with every other bank around 0.01%.

[kork13]

We used to travel to a particular country frequently in the past and hated transaction fees. Unfortunately, NO bank seems to offer transaction fee free foreign currency credit cards anymore. Oh, well.

It's not handled in foreign currency (uses USD), but all Capital One & Discover cards, plus some travel-centric AmEx & Chase cards all have no foreign transaction fees.