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TD Bank: A Safe Place For Your Money
Safe and SoundIn an otherwise often negative environment, TD Bank Financial Group is attracting positive news coverage from Maine to Florida. And at TD Bank, part of TD Bank Financial Group, we continue to build upon the financial strength of our parent company, along with ongoing expansion, and a commitment to the communities we serve. We understand that in these uncertain times you may have some concerns or questions. We've tried to anticipate some of them and we'd be more than happy to talk to you over the phone, in person, or at any of our branches.

Is TD Bank a safe place to bank?

  • TD Bank is a trade name of TD Bank, N.A., and part of TD Bank Financial Group (TDBFG). TDBFG is one of the most financially sound financial services companies in North America.
  • Moody's Aaa-Rated. TD Bank Financial Group is one of only three Aaa-Rated banks listed on the New York Stock Exchange. One of only five in the world with this rating.
  • Barron’s1 magazine calls TD Bank Financial Group one of the best companies in North America – a company that is “delivering the goods for shareholders” in an especially tough market, ranking it ahead of every other bank in North America.
  • Bloomberg Magazine2 ranked TD Bank Financial Group #1 on Bloomberg's Top 20 Banking Strength Monitor. This index measured banks across eight key financial metrics including capital ratios, loan reserves and asset quality.
  • Global Finance Magazine3 ranked TD Bank Financial Group as the 2nd Safest Bank in North America. TDBFG was selected through a comparison of long-term credit ratings of the world's 500 largest banks based on ratings from Moody's, Standard and Poor's and Fitch.
  • TD Bank Financial Group and its businesses did not invest heavily in subprime mortgages. Neither did TD Bank. And we still do not. Neither TD Bank nor TD Bank Financial Group is offering subprime mortgage products. Nor are we offering the sort of complex loan products offered by other banks. In fact, our conservative approach to lending is the reason we’re one of the very few banks in North America to avoid these problems.
  • TD Bank, N.A. is a member of FDIC and all qualifying deposits are covered by FDIC deposit insurance to the maximum allowable by law.

How safe are my deposits?

  • Your bank deposits are not only safe with us, they’re covered by FDIC deposit insurance up to the maximum allowable by law.
  • Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor.
  • The extension of the increase in the FDIC deposit insurance limit to $250,000 announced on May 20, 2009 does not apply to the FDIC Transaction Account Guarantee Program. The FDIC Transaction Account Guarantee Program provides full deposit insurance coverage for all funds in non-interest-bearing transaction deposit accounts for participating institutions through June 30, 2010. This insurance coverage is over and above the $250,000 in coverage currently provided. Learn more about the FDIC Transaction Account Guarantee Program
  • If you have more than $250,000 in deposits with us, your funds may still be insured depending on the type of account you have and the ownership category. We cannot provide specific advice to you, but we can provide you with the information and tools necessary to help you understand the extent of your coverage. Visit the FDIC website and use their calculator at http://myfdicinsurance.gov* to find out more.

How do I maximize my coverage?

  • The FDIC insures all deposits at our bank, including checking, interest checking, savings, money markets and CDs, up to the insurance limits. You may qualify for more than $250,000 in coverage if you own deposit accounts in different categories or deposits in non-interest-bearing transaction accounts. Learn more about FDIC Deposit Insurance Coverage.

I’ve heard specifically about problems with Money Market funds. Are my Money Market accounts safe?

  • Money Market accounts, like the ones sold at TD Bank, are covered up to applicable limits by FDIC insurance. Money Market funds are mutual funds which are not covered by FDIC insurance. (Certain Money Market funds are covered under a separate program by the U.S. Treasury. Please visit www.USTreas.gov* for additional information.) Whether your deposits are specifically covered depends on how they are registered and how much you hold in your accounts. Visit the FDIC website and use their calculator to ensure you’re covered: http://myfdicinsurance.gov*. Or, learn more about Money Market Accounts and Money Market Funds.

Are my business accounts covered in the same way as my personal accounts?

  • In general, business accounts receive $250,000 in FDIC deposit insurance coverage, including municipalities. However, funds owned by a business that is a sole proprietorship are not insured under this category. Rather, they are insured as the single account funds of the person who is the sole proprietor. Again, the FDIC EDIE calculator is a good source of information: http://myfdicinsurance.gov*.

1"America's Best Companies," Barron's, May 12, 2008, page 38. View full ranking* (PDF, 114k).

2Bloomberg Magazine, April 2009.

3Global Finance Magazine, February 25, 2009.

The long term debt (deposits) of The Toronto-Dominion Bank, the parent company of TD Bank Financial Group, was as of March 31, 2009, rated Aaa by Moody's Investor Services. The comparable rating for TD Bank, N.A. is Aa2.

TD Bank, N.A. is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

TD Bank Financial Group is a trade name for The Toronto-Dominion Bank. Used with permission. For detailed credit ratings for TD Bank Financial Group and TD Bank, N.A. visit http://www.td.com/investor/credit.jsp.

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