Tcf Bank Cd Rates
Premier Certificates of Deposit. Looking for a secure savings solution with competitive rates? Education, a new home, a family milestone, or nest egg, Premier CD’s will help you to reach your goals. A CD, or certificate of deposit, is a bank account with a fixed interest rate that’s generally higher than that of a regular savings account, and a fixed date of withdrawal, known as the.
- More strengths of certificates of deposit Variety of terms available - Our minimum deposit is $500, and we offer a range of terms, from 3 months to 10 years. FDIC insured - A secure savings option, CDs, along with your other TCF deposits, are insured up to $250,000.
- TCF Bank charges $35.00 a pop if your account is overdrawn $0.1 or $10,000. They post NSF fees first, so your account continues to be overdrawn after other transactions have posted. Sometimes, you are maxed out but the online record is off, and then you are hit with NSFs fees in a tsunami effect. Customer service is always bad.
TCF Bank’s goal is to become the most convenient bank in today’s market. They are an affiliate of TCF Financial Corporation, which is a Minnesota-based national bank holding company. Now the 14th largest issuer of Visa® Consumer debit cards ranked by sales volume, TCF Bank is able to provide its services to more than 439 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota.
[tab:’Review]TCF Bank is worth $18.8 billion in total assets and conducts commercial leasing and equipment finance business in all 50 states. They also deal with commercial inventory finance business in the U.S. and Canada. Convenience is one of their primary focal points when providing services to their customers and they complete this task by being so easily attainable.
TCF Bank is also a valuable asset to each community they serve. They created the TCF Foundation, which extends charitable contributions to 501(c)(3) non-profit organizations in education, human services, community development and the arts. The TCF Foundation also gives grants to organizations located within the communities that have TCF offices and to organizations that engage in nonprofit activities designed to improve communities economically and socially.
Various services are provided by TCF bank, such as personal, small business and commercial banking. They also specialize in leasing and providing quality financial advice. Whatever need you have or goal you would like to obtain, TCF Bank has the right accounts and services to help accommodate you.
Checking accounts: Many different checking accounts are provided by TCF Bank. Some are specially designed to fit into a specific lifestyle or need, while others provide more the basic services, such as the TCF Convenience CheckingSM. With this account, you are allowed the freedom to be flexible. It has no minimum balance and does not earn interest, but it is a great account to easily manage your money. Some other specialty accounts they have are the TCF Premier Checking, TCF Premier Checking Plus, TCF Premier 50+ CheckingSM and the TCF Student CheckingSM.
Savings accounts: Savings doesn’t get simpler than TCF Bank’s savings account. They offer customers three easy-to-understand accounts that provide great rates. The most basic savings account they offer is the TCF Power Savings. This account features a low minimum balance and easy access to your account. The other two savings accounts, TCF Power Money MarketSM and TCF Premier Savings, provide customers with higher rates of return for larger balances. They too earn great rates and take a low minimum opening deposit.
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TCF Bank CD Rates
TCF Bank provides their customers with weekly CD specials to take advantage of.
TCF Bank: Weekly CD Specials – as of 9/30/11
- Minimum to open: $500
- 12 Month – 0.70% APY
- 24 Month – 1.00% APY
Terms & Conditions: A penalty may be imposed for early withdrawal. CDs cannot be opened online.
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TCF Bank Savings Rates
TCF Bank’s savings account is a great place to keep your money secure while watching it grow. Two savings accounts are provided by TCF Bank to meet the individual financial needs their customers have and each account serves a unique purpose.
The TCF Power Savings account is designed to help you earn great rates while being budget friendly. It offers a low minimum balance of $100 and it simply takes $25 to open the account. If the minimum balance is not maintained, there will be a $4 monthly service fee on the account. The interest on the account is compounded and credited on a quarterly basis. A neat feature TCF Bank will do is waive the monthly maintenance fee for the first 90 days after the account’s opening if the required minimum deposit to open the account is met at the time when opening the account.
For larger balances, the TCF Premier Savings account helps with their higher rates. It takes $50 to open this account. It must have $2,500 or $15,000 in combined household balances to avoid the $15 monthly service fee. The interest on the account is compounded and credited on a quarterly basis. TCF Premier Savings account comes with 2 fee ATM withdrawals per monthly statement cycle for non-TCF ATMs, 4 free money orders/official checks combined per day and free traditional travelers cheques.
Both accounts come with free amenities such as online banking, transactions at TCF ATMs and coin counting.
TCF Bank: TCF Power Savings – Indiana – as of 9/30/11
- Tier 1 – $0.01 – 0.03% Interest Rate – 0.03% APY
- Tier 2 – $500 – 0.05% Interest Rate – 0.05% APY
- Tier 3 – $5,000 – 0.15% Interest Rate – 0.15% APY
- Tier 4 – $25,000 – 0.40% Interest Rate – 0.40% APY
- Tier 5 – $50,000 – 0.40% Interest Rate – 0.40% APY
TCF Bank: TCF Premier Savings – Indiana – as of 9/30/11
- Tier 1 – $0.01 – 0.00% Interest Rate – 0.00% APY
- Tier 2 – $2,500 – 0.03% Interest Rate – 0.03% APY
- Tier 3 – $10,000 – 0.15% Interest Rate – 0.15% APY
- Tier 4 – $50,000 – 0.30% Interest Rate – 0.30% APY
- Tier 5 – $100,000 – 0.60% Interest Rate – 0.60% APY
- Tier 6 – $225,000 – 0.60% Interest Rate – 0.60% APY
Terms & Conditions: Fees could reduce earnings. Rates are subject to change.
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TCF Bank Money Market Rates
TCF Bank provides their customers a great way to earn interest while offering limited check writing privileges through the TCF Power Money MarketSM account. It comes with free online banking, transactions at TCF ATMs and free coin counting.
The minimum opening deposit for the TCF Power Money MarketSM account is $50. There is a $10 monthly service fee if the minimum balance of $1,500 is not maintained. The interest on the account is compounded and credited on a monthly basis.
TCF Bank Tiered Rates
- Tier 1 – $0.01 – 0.01% Interest Rate – 0.01% APY
- Tier 2 – $2,500 – 0.03% Interest Rate – 0.03% APY
- Tier 3 – $10,000 – 0.20% Interest Rate – 0.20% APY
- Tier 4 – $25,000 – 0.30% Interest Rate – 0.30% APY
- Tier 5 – $50,000 – 0.30% Interest Rate – 0.30% APY
Terms & Conditions: Fees could reduce earnings. Rates are subject to change.
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TCF Bank Mortgage Rates
TCF Bank is committed to making the home buying process as easy as possible for you. Their experienced loan officers are able to answer any and all questions and provide you with easy-to-understand material. The loan approval process is simple and easy with TCF Bank and in as little as seven minutes; you can have your preliminary approval. If you aren’t sure where to start, make TCF Bank one of your first stops.
With TCF Bank’s home purchase loans, you have great amenities and options to help you with your mortgage process. They feature loan terms up to 30 years, no closing costs options and there aren’t any requirements for private mortgage insurance. Lines of credit are also made available to you with the option to lock all or part of the outstanding balance into a fixed rate.
Refinancing is also an option with TCF Bank who advertises a low, attractive rate. By refinancing with TCF Bank, you can pay off a higher rate with a first or second mortgage, consolidate debts for a lower monthly payment, access the equity in your home for big expenses or purchases and most importantly, lower your monthly payment.
TCF Bank also offers home equity loans to cover the costs of big expenses or purchases and they are designed according to your financial needs. You are able to select a length of time to repay the loan and this is done on a monthly basis. The home equity loans are a potential tax deductible; however, it can be confusing to determine, so it advised that you consult with a tax advisor.
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Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.
Tcf Bank Ira Cd Rates
The Results for TCF National Bank
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Average Rate Scenario
Rate: 0.10% | Annual Interest | Annual Interest (After Tax) | |
---|---|---|---|
1 | 20,000 | 20 | 14 |
2 | 20,020 | 20 | 14 |
3 | 20,040 | 20 | 14 |
4 | 20,060 | 20 | 14 |
5 | 20,080 | 20 | 14 |
6 | 20,100 | 20 | 14 |
7 | 20,120 | 20 | 14 |
8 | 20,140 | 20 | 14 |
9 | 20,161 | 20 | 14 |
10 | 20,181 | 20 | 14 |
TOTAL: | $201 | $141 |
Tcf Bank Cd Rates Certificate Of Deposit
TCF National Bank Scenario
Rate: 0.50% | Annual Interest | Annual Interest (After Tax) | |
---|---|---|---|
1 | 20,000 | 100 | 70 |
2 | 20,100 | 101 | 70 |
3 | 20,201 | 101 | 71 |
4 | 20,302 | 102 | 71 |
5 | 20,403 | 102 | 71 |
6 | 20,505 | 103 | 72 |
7 | 20,608 | 103 | 72 |
8 | 20,711 | 104 | 72 |
9 | 20,814 | 104 | 73 |
10 | 20,918 | 105 | 73 |
TOTAL: | $1,023 | $716 |
Take Action
The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.