Are my deposits safe at TD Bank (2024)

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Are my deposits safe at TD Bank?

Is TD Bank a safe place to bank?

• TD Bank is a trade name of TD Bank, N.A., and part of TD Bank Group (TD). TD is a Top 10 Bank in North America.
• View the latest TD Bank Business Profile.

How safe are my deposits?

• Your bank deposits are not only safe with us, they’re covered by FDIC deposit insurance up to the maximum allowable by law.
• Deposits at FDIC-insured institutions are now permanently insured up to at least $250,000 per depositor.
• If you have more than $250,000 in deposits with us, your funds may still be insured depending on the type of account you have and the ownership category. We cannot provide specific advice to you, but we can provide you with the information and tools necessary to help you understand the extent of your coverage. Visit the FDIC website and use their calculator at http://myfdicinsurance.gov^* to find out more.
• By federal law, as of January 1, 2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.*
• Important Disclosure Regarding Deposit Insurance on Noninterest-bearing Transaction Accounts (FDIC)

How do I maximize my coverage?

• The FDIC insures all deposits at our bank, including checking, interest checking, savings, money markets and CDs, up to the insurance limits. You may qualify for more than $250,000 in coverage if you own deposit accounts in different categories. Learn more about FDIC Deposit Insurance Coverage.

I’ve heard specifically about problems with Money Market funds. Are my Money Market accounts safe?

• Money Market accountsare covered up to applicable limits by FDIC insurance. Money Market funds are mutual funds which are not covered by FDIC insurance. (Certain Money Market funds are covered under a separate program by the U.S. Treasury. Please visit www.USTreas.gov^* for additional information.) Whether your deposits are specifically covered depends on how they are owned and how much you hold in your accounts. Visit the FDIC website and use their calculator to ensure you’re covered: http://myfdicinsurance.gov^*. Or, learn more about Money Market Accounts and Money Market Funds.

Are my business accounts covered in the same way as my personal accounts?

• In general, business accounts receive $250,000 in FDIC deposit insurance coverage, including municipalities. However, funds owned by a business that is a sole proprietorship are not insured under this category. Rather, they are insured as the single account funds of the person who is the sole proprietor. Also, the FDIC EDIE calculator is a good source of information: http://myfdicinsurance.gov^*.

TD BankGroup is a trade name for The Toronto-Dominion Bank. Used with permission. For detailed credit ratings for TD BankGroup and TD Bank, N.A. visit http://www.td.com/investor/credit.jsp.

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