TD Direct Investing High Interest Savings
As of October 22, 2026, the TD Direct Investing High Interest Savings pays 1.80% base interest, and up to 3.15% if you qualify.
CDIC insuredRates verified October 22, 2026
Calculate your TD Bank interest
Conditions: $100 minimum deposit; available through TD Direct Investing / brokerage
Independent comparison · Partner links may earn a commission.
Key account terms
A savings option within TD Direct Investing for parking cash between trades.
- Monthly fee
- $0
- Minimum deposit
- $0
- Transactions
- Fees Apply
- Transfer speed
- Instant (Internal)
Prefer a locked guaranteed return? See TD Bank GIC rates →
Pros and considerations
What we like
- Convenient for TD Direct clients
- CDIC eligible deposit protection
- Instant transfers to brokerage
Watch out for
- Low rates compared to online banks
- Requires TD Direct account
- Limited as a standalone product
Frequently Asked Questions
Everything you need to know about TD Bank's savings rates, terms, and account features.
Is this different from a TD savings account?
Yes, this is held within the TD Direct Investing platform, not a regular TD chequing/savings.
Is TD Bank deposit-insured and safe?
Yes. With TD Bank, eligible deposits are insured up to $100,000 per category by the Canada Deposit Insurance Corporation (CDIC). This protection guarantees that your principal deposit and accumulated interest remain safe against institutional failure.
How is interest calculated and paid on the TD Direct Investing High Interest Savings?
Interest is calculated daily based on your account's closing balance and deposited directly into your balance on the final business day of each month, compounding your yield monthly.
Can I withdraw my money from TD Bank at any time?
Yes. Unlike a GIC (Guaranteed Investment Certificate) which locks in funds for a predetermined duration, this high-interest savings account offers complete liquidity. You can transfer money out at any time without penalty or loss of earned base interest.
How is interest earned at TD Bank taxed in Canada?
In non-registered accounts, interest earned is treated as regular taxable income by the Canada Revenue Agency (CRA). TD Bank will issue a T5 tax slip if your annual interest exceeds $50 (or upon request for lower amounts). If held inside a TFSA, interest is 100% tax-free.
Compare before you open
The top savings accounts right now, so you can check TD Bank against the best available.
KOHO
Ongoing rate
Motive Financial
Ongoing rate
Saven Financial
Ongoing rate