PurePoint Financial VS TD Bank

Which bank is better for you?

  • Financial Rates: 3.5 Star Icon
  • Customer Service: 4.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon
No Rate Information
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • High interest rates
  • No monthly fees or required amount
  • PurePoint Best Rate Commitment
  • Financial centers available

Cons:

  • High opening deposits
  • CD deposit requires single transaction
  • Only savings account and CDs offered
  • Online transfers require linked account
  • Financial Rates: 3.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 3.0 Star Icon
No Rate Information
Advertiser Disclosure
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • Wide variety of accounts offered
  • Specific checking accounts available
  • Business prepaid cards
  • Good variety of CD options

Cons:

  • Products not available everywhere
  • Accounts have monthly fees
  • Interest rates are low
  • Not all checking accounts earn interest
PurePoint Financial Review

PurePoint offers competitive interest rates. The rates for their savings account and CDs are high. Earn more money off your money with these accounts.

PurePoint savings account does not have monthly fees. There is no required amount to keep in the account. If you do not keep the $10,000 in the account, you will earn lower interest rates, but there is not a fee. The PurePoint savings account is free.

PurePoint CDs offer the Best Rate Commitment. This helps to ensure you earn the best interest rates for your CD. After the application is complete, you watch the interest rates for ten days. The best rate from that 10-day period is the rate you will receive for the term of the CD.

PurePoint is an online bank. There are no monthly fees. The interest rates are competitive with other online accounts. However, PurePoint offers the low fees and high rates and has some financial centers. PurePoint has over 20 financial centers in Florida, Illinois, New York, and Texas.

PurePoint requires a large amount to open the account. The savings account and CDs requires $10,000 as the minimum deposit. If you do not have $10,000 in the savings account, you will not earn the high-interest rates offered. You will still earn interest on amounts under $10,000, but it will be a much lower rate.

The CDs and savings accounts require a large opening deposit. That deposit for CDs must be in a single transaction. Ten thousand dollars must be in the account to earn the competitive interest rates.

PurePoint only offers a savings account and CDs. The CDs offered vary in terms from six-months to five-years. They offer nine CD terms. PurePoint does not offer a checking account or a money market account. No business accounts are available.

You must link your PurePoint savings account to an external bank account. Since PurePoint does not offer a checking account, an external bank account is necessary. This allows you to transfer funds online into and out of your PurePoint savings account. You can also transfer money into the account by sending a check in the mail, a wire transfer, or a mobile deposit.

Read the full PurePoint Financial review.

TD Bank Review

TD Bank offers a large selection of bank accounts. They offer personal checking, savings, and money market accounts. CDs, loans, and prepaid cards are offered. TD Bank offers accounts for small and commercial businesses. Checking, savings, and money market accounts are available for businesses. Loans, CDs, and credit cards for businesses are also offered.

TD Bank offers two specific checking accounts. One is for those over 60 years old, and another account specific for students. The student checking account does not have a monthly fee. The TD 60 Plus account requires $250 be in the account to waive the $10 monthly fee. The TD 60 Plus checking earns interest.

TD Bank offers three prepaid cards for businesses. You can use the cards to pay employees their paycheck or as part of an incentive program. Load a specific amount for expenses to the card or use them as a reward or refund. TD Bank offers reloadable cards or one-time use cards. The cards are accepted anywhere Visa is accepted.

TD Bank offers a good variety of CDs. TD Bank’s No-Catch CDs allow you to make one withdrawal each CD term without penalty. Step Rate CDs increase your interest each year. The 12-month Rate Bump CD offers competitive interest rates. To qualify for that CD, you must have a qualifying checking account in good standing. The rate bump increases the amount of interest your CD earns by more than a full percent. Only $250 is required to open all TD Bank CDs.

Accounts with TD Bank are not offered everywhere. To qualify for an account, you must have an address within the footprint of TD Bank. Those areas are on the East Coast, ranging from Maine to Florida. They are also in parts of Canada.

Most all TD Bank accounts have a monthly maintenance fee. The fees range from $4 to $25 each month, depending on the account. Not all account fees are easy to waive. Having a required amount in the account is the most common way to waive the account fees. Signing up for online statements will lower the monthly fee, not waive it. Having a direct deposit into the account will not waive the monthly fees.

Interest rates for TD Bank accounts are low. They are competitive with your typical brick and mortar bank rates. The TD Bank account rates are not competitive with online-only accounts. Only a few CDs offer interest rates competitive with online-only accounts.

Not all TD Bank checking accounts earn interest. The Premier, Relationship, and the TD 60 Plus checking account are the three that earn interest. The 60 Plus checking account does not require a large balance to avoid the monthly fee. The Premier account requires $2,500, and the Relationship requires $20,000 between TD Bank accounts.

Read the full TD Bank review.

Sponsored Offers

Advertiser Disclosure
American Express
Savings (Rate as of 3/28/2024)
APY 4.35%
Rate 4.26%
For APY $1
Monthly Fee $0.00
Checkbook No
Member FDIC
Next >
Jenius Bank
Savings (Rate as of 3/28/2024)
APY 5.25%
Rate 5.25%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC. No fees. Easy deposits and quick withdrawals.
Next >
CIT Bank
Savings (Rate as of 3/28/2024)
APY 5.05%
Rate 4.93%
For APY $5,000
Monthly Fee $0.00
Checkbook No
Member FDIC CIT Bank, a division of First Citizens, 125+ years of experience.
Next >
EverBank
Savings (Rate as of 3/28/2024)
APY 5.15%
Rate 5.02%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC
Next >
Barclays
Savings (Rate as of 3/28/2024)
APY 4.35%
Rate 4.35%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC
Next >
Laurel Road
Savings (Rate as of 3/28/2024)
APY 5.00%
Rate 5.00%
For APY $0
Monthly Fee $0.00
Checkbook No
Member FDIC
Next >
Sallie Mae
MMA (Rate as of 3/28/2024)
APY 4.65%
Rate 4.54%
For APY $0
Monthly Fee $0.00
Checkbook Yes
Member FDIC
Next >
VirtualBank, a division of First Horizon Bank
MMA (Rate as of 3/28/2024)
APY 5.00%
Rate 5.00%
For APY $0
Monthly Fee $0.00
Checkbook Yes
VirtualBank is a division of First Horizon Bank. Member FDIC.
Next >