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What is the TD Waterhouse Savings Account?
With a TD Waterhouse Savings Account we can ensure that any money which is not currently funding investments is working hard for you. As well as a competitive interest rate, you will also benefit from improved access to your cash. And if you combined it with a Cash Management Services Account (CMS), you can fund investments and transfer money automatically between TD Waterhouse accounts - so you can react quickly to financial opportunities.
- Highly competitive interest rate of 4.32% AER* (3.40% net**, 4.25%
gross***) - Easy access to your cash
- No restrictions on the number of withdrawals that can be made
- Interest accrued daily and paid quarterly
- No minimum balance required
- 24 hour access online
- Easy transfers between Savings and Cash Management Services account online or by phone
How do I apply
You can apply for a TD Waterhouse Savings Account with our Trading Account or Trading Plus Account.
Upgrade your Trading Account to include a Savings Account.
To add a Savings Account today, visit our Account Upgrades page online.
Login now and go to Account Administration/Account Upgrades.
Alternatively, you can open a Savings Account by completing and returning our Account Upgrade Form.
Download the Upgrade Form (PDF format).
* AER stands for Annual Equivalent Rate (contractual rate when paid and compounded each year). The AER as stated is calculated at 10.04.08.
** Net rate is the amount of interest which would be payable after the deduction of income tax specified by law.
*** Gross rate is the contractual rate before the deduction of income tax at the rate specified by law.
This rate is linked to the Bank of England base rate and will pay the base rate minus 0.75% and will be subject to any fluctuations in the base rate. The base rate is correct at 10.04.08.