TD Bank vs TD Ameritrade
TD Bank is an east Coast bank with relatively low minimum balance requirements. How does it compare to TD Ameritrade? Read our comparison chart below.
TD Bank has over 1,100 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.
While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.
Compare TD Bank with TD Ameritrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
TD Bank | TD Ameritrade | |
---|---|---|
TD $300 Beyond Checking Bonus - | Commission-Free Trading - Online Stock, ETF and Option Trades - | |
Benefits and Features | ||
Savings | 0.02% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older. | |
Stock Trading | $0 commission for online stock, ETF, and option trades | |
Options Trading | ||
CD | 1.00% APY (up to 5.00% for Bump Rate APY). Terms of 6 to 18 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account). | |
Checking | TD Complete Checking, TD Beyond Checking, TD Essential Banking | |
Mutual Fund Trading | Up to $49.95 or $74.95 for buys. $0 for sells | |
Banking | Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing. | |
Mobile App | ||
Forex Trading | ||
Futures Trading | $2.25 per contract (plus exchange & regulatory fees) | |
Customer Service | 24/7 Live Customer Service (Telephone) | |
Locations | More than 100 locations in 34 states | |
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Stock Trading | ||
Options Trading | ||
Banking | ||
Commissions and Fees | ||
Ease of Use | ||
Online Community | ||
Research | ||
Trading Platform | ||
Pros & Cons | Pros:
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Bottom Line | East Coast bank with relatively low minimum balance requirements... | Good online broker for long-term investors... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Bank: Pricing information from published website as of 03/15/2024 based on 08034 zip code. TD Ameritrade: Pricing information from published website as of 09/05/2023. |