TD's Commitment to its Clients' Financial Security & Stability (2024)

FAQs

What is the TD Bank commitment? ›

TD launched the TD Ready Commitment to help open doors for a more inclusive and sustainable tomorrow by focusing our community giving on four drivers of change. Read our informational sheet for each of these drivers here: Financial Security, Vibrant Planet, Connected Communities and Better Health.

FDIC coverage for your TD Bank accounts

All deposits and deposit products are FDIC-insured, up to $250,000 per depositor, per ownership category.

TD Bank operates from a position of financial strength and security—with a longstanding focus on prudent risk management—and we hold ourselves to high standards of integrity, ethics and compliance.

Summary. On May 14, 2021, DBRS, Inc. (DBRS Morningstar) confirmed the ratings of TD and its related entities, including TD's Long-Term Issuer Rating of AA (high) and Short-Term Issuer Rating of R-1 (high). The trend on all ratings is Stable.

A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual a specified sum of money.

As part of its corporate citizenship platform, the TD Ready Commitment, TD is targeting CDN $1 billion in total by 2030 towards community giving in four areas critical to help open doors for a more inclusive and sustainable tomorrow – Financial Security, Vibrant Planet, Connected Communities and Better Health.

Key Takeaways: TD Bank scores 4.1 out of 5.0 stars overall with our review team, thanks in part to its many options for checking and CD accounts. It only has branches and ATMs in 15 states, so some people who want in-person banking would need to consider other options.

The EasyWeb Security Guarantee is your assurance that you will receive 100% reimbursem*nt in the unlikely event account losses occur resulting from unauthorized EasyWeb activity. In addition, safeguards are in place to protect the security and integrity of your information.

The newspaper said the U.S. Justice Department investigation is focused on how Chinese drug traffickers allegedly used TD to launder at least $653 million US, and bribed TD employees to do so. TD did not comment directly on the report, but said its anti-money laundering defences had been deficient.

As long as you choose a bank that has Federal Deposit Insurance Corporation (FDIC) insurance, both your checking and savings accounts will have protection. FDIC insurance covers deposits of up to $250,000 per depositor, per bank, per ownership category, in the event that an FDIC-insured depository institution fails.

Is TD Bank too big to fail? ›

Royal Bank of Canada (RBC) and TD Bank remain Canada's only members on the list of global systemically important banks (G-SIBs), which defines banks considered “too big to fail” by regulators. The Financial Stability Board (FSB) published its G-SIB list for 2020 on Nov.

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

Both banks offer relatively low-interest rates, but TD offers the potential for higher rates on its savings and checking accounts than Chase does. TD Bank offers a rate that starts at 0.01% APY for it's signature savings and caps out at 4.00% based on how much you have in the account.

TD has an employee rating of 3.9 out of 5 stars, based on 18,780 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Also known as the commitment period. It is a set period during which a borrower may draw down a loan. In a term loan, it is usually a relatively short period after signing the facility agreement. In a revolving facility, the period extends, in general terms, throughout the life of the loan.

Bank Commitment means the obligations of the Banks to make Advances to the Borrower pursuant to the Loan Agreement.

Generally, the standard commitment fee typically ranges between a 0.25% to 1.0% annual fee paid to the lender. While an insignificant source of returns, commitment fees are still charged by lenders to keep the line of credit available to be drawn upon on an “as-needed” basis.