TD Simple Savings sign-up bonus
Deposit $10k+ in 20 days, maintain 90 days. $200 on $10,000 held 110 days = 6.
The numbers
$200
avg $200
$10,000
4 months
6.6%
The real math
How to claim it
Open new TD Simple or Signature Savings online, deposit $10,000+ within 20 days, maintain $10,000 balance for following 90 days.
Available in: US.
Age requirement: 18+.
When this bonus makes sense
Bank bonuses tend to offer the highest effective return per dollar of capital tied up — especially the ones that only require a direct deposit (not a permanent balance). If you can re-route a paycheck to a new bank for one cycle, you can collect a multi-hundred-dollar bonus with minimal disruption.
When to skip it
Skip if the bank has been your primary institution within the past 12–24 months (most exclude existing/recent customers). Skip if the qualifying requirements involve permanent balance commitments that pay below your current HYSA rate. Always calculate the opportunity cost — your money sitting in a 0% checking account is losing the HYSA yield.
Locks $10k for ~110 days. Savings APY at TD is below current HYSA rates — opportunity cost matters.
How to maximize this bonus
Run multiple bank bonuses in series — stagger them so the qualifying-direct-deposit periods don't overlap (most banks require the DD to be your "primary" income deposit). Reddit's r/churning has detailed timelines for stacking these year-round.
Frequently asked about TD Simple Savings
What is the TD Simple Savings sign-up bonus worth?
TD Simple Savings pays $200 for completing the qualifying action.
What's the effective APR on the TD Simple Savings bonus?
The TD Simple Savings bonus has an effective APR of 6.6% based on a typical $200 bonus against the $10,000 minimum deposit held for 110 days.
Is the TD Simple Savings bonus taxable?
Yes. Sign-up bonuses are typically treated as miscellaneous income by the IRS and must be reported on your tax return. TD Simple Savings will issue a 1099-INT or 1099-MISC if your earnings exceed $10. At a 22% federal bracket, the after-tax value of a $200 bonus is roughly $156.
Will signing up for TD Simple Savings affect my credit score?
Opening a new checking or savings account is usually a "soft pull" (ChexSystems) that doesn't affect your credit score. Some banks do a hard pull if you also apply for overdraft protection or related credit products at the same time — read the application carefully and decline credit-product offers if you only want the deposit bonus.
Ready to claim the TD Simple Savings bonus?
All terms apply at TD Simple Savings. Read their full disclosure before opening an account.
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