Table Of Content
When Chase Bank Wins?
Chase has a good selection of banking products including savings accounts, checking, home loans, home equity options, auto loans, and a vast choice of credit card options.
Chase can be a better choice than TD Bank if:
You want to invest less than $250 in a CD
You want a massive choice of credit card options
You want a welcome bonus (TD offers welcome bonus as well)
When TD Bank Wins?
TD Bank offers a comprehensive line of products. In addition to a choice of checking accounts and savings accounts, you can access home equity loans, mortgages, personal loans, investments and credit cards
TD Bank can be a better choice than Chase if:
You need personal loans/money market account
- You want a checking account with no minimum deposit
- You want a welcome bonus (Chase offers welcome bonus as well)
Chase Bank | TD Bank | |
|---|---|---|
Savings Accounts | ||
Checking Accounts | ||
CDs | ||
Money Market Account | ||
Debit Card | ||
Credit Cards | ||
Personal Loans | ||
Mortgage | ||
Government Mortgage | ||
Business Loans | ||
Investing Capabilities |
Savings Account
The Chase and TD Bank have similar savings accounts. Both accounts carry a $5 fee that you can have waived if you have a balance of $300+ or have a $25+ recurring transfer.
Additionally, TD Bank has other saving account options for those with more funds. For example, Beyond Savings offers a slightly higher rate, but you need to maintain a balance of at least $250k.
Overall, both accounts offer lower than average rates compared to the national average.
Chase Bank | TD Bank | |
|---|---|---|
APY | 0.01% | 0.01% – 4.00% |
Fees | $5 per month
Can be waived if you carry $300 account balance at the start of the month, $25+ autosave or linking a Chase checking account
| $5
Can be waived if you carry $300 minimum account balance or $25+ recurring transfer
|
Minimum Deposit | $25 | $0 |
Checking Needed? | No | Yes |
Main Benefits |
|
|
Checking Account
Both banks have several checking account options and while the fee for Chase is slightly lower at $12 compared to TD Bank’s $15, the fee waiver requirements are more complicated.
TD Bank simply requires a minimum daily balance of $100, while Chase needs either $500 or more in electronic deposits per month, $1,500+ account balance, or a combined balance of $5k+ across your qualifying Chase accounts.
TD Bank also offers a welcome bonus and a 0.25% discount on personal loan or home equity loan rates.
Chase Bank | TD Bank | |
|---|---|---|
APY | None | 0.01% |
Fees | $12
Can be waived if you maintain a $1,500 minimum daily balance, making direct deposits or Associated SnapDeposits of $500 or more per statement cycle, or holding $5,000 in combined deposit accounts with the same statement cycle date or having a Health Savings Account or investment account
| $15 per month
Can be waived if you’re aged 17 to 23 or if you maintain $100 minimum daily balance
|
Minimum Deposit | $0 | $0 |
Main Benefits |
|
|
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CDs
Overall, both banks offer low rates on its CD options.
TD Bank has a minimum deposit of $250,and you’ll earn higher rates regardless of your balance.
Chase Bank | TD Bank | |
|---|---|---|
Minimum Deposit | $1000 | $250 |
APY Range | 3.00% – 4.75% | 1.00% – 5.00% |
Mortgage Options
Chase has various mortgage products including fixed and adjustable rate, FHAs, and Jumbo loans. You can get prequalified to speed up the home purchase process and purchase discount points regardless of if you’re buying a home or refinancing.
TD Bank also offers fixed and adjustable rate mortgages, Jumbo loans and government loans. You can also access professional mortgage packages. The terms are typically up to 30 years with down payments as low as 3%.
Loan Options
Although Chase does not offer conventional personal loans, you can still access auto loans to fund the purchase of a new or used vehicle.
However, TD Bank does offer personal loans for up to $50,000 with no origination fees or application fees. Additionally, you’ll have a lending decision in as little as one business day.
Credit Cards
Chase has a very impressive choice of credit card options. There are over 30 including 20+ Travel cards, 7 hotel cards, and 7 business cards. Chase has partnered with high profile brands including United, Southwest, Avios, Hyatt, Amazon, Disney and Starbucks, so you can tailor your card to your favorite brands to get the best rewards. Many cards have no annual fee, but there are a few notable exceptions.
For example, the Chase Sapphire Preferred has an annual fee of $95, but it offers 5x points on travel purchases and 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase.
Chase also cash back card with rotating categories like the Chase Freedom Flex.
Card | Rewards | Bonus | Annual Fee |
| Chase Sapphire Preferred® Card | 2X – 5X
5x total points on travel purchased through Chase Travel, 3x points on dining, online grocery purchases and select streaming services. 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases.
| 60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
| $95
|
|---|---|---|---|---|
 | Chase Freedom Flex℠ Card | 1-5%
5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases
| $200
$200 bonus after you spend $500 on purchases in the first 3 months from account opening
| $0 |
| Chase Freedom Unlimited® | 1.5% – 5%
5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
| $200
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
| $0 |
| Chase Sapphire Reserve® | 1X – 10X
5X total points on air travel and 10X total points on hotels, car rentals and dining when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases. | 60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
| $550 |
| Marriott Bonvoy Boundless® Credit Card | 1x – 6X
6X points for every $1 spent at over 7,000 hotels participating in Marriott Bonvoy® with the Marriott Bonvoy Boundless® credit card. Plus, earn up to 10X points from Marriott for being a Marriott Bonvoy® member. Plus, earn up to 1X point from Marriott with Silver Elite Status. Earn 3X points for every $1 on the first $6,000 spent in combined purchases each year on grocery stores, gas stations, and dining. Earn 2X points for every $1 you spend on all other purchases.
| 3 Free Nights
3 Free Nights (each night valued up to 50,000 points) after you spend $3,000 on purchases in your first 3 months from your account opening
| $95 |
 | United Explorer Card | 1X – 2X
2x per $1 spent on United purchases, hotel accommodations, restaurants & eligible delivery services and 1x per $1 spent on all other purchases
| 50,000 miles
50,000 miles after you spend $3,000 on purchases in the first 3 months your account is open.
| $95 ($0 first year) |
TD Bank has several credit card options. This includes Double Up, which offers 1% cash back when you buy and a further 1% when you redeem your rewards into an eligible TD Bank account. The TD Cash Card has a low intro APR and you’ll receive $150 cash back if you spend $500 within the first 90 days of account opening.
There is also a miles card and for those looking to build credit, a secured card that allows your savings account to work as a security deposit and provides 1% cash back on your purchases.
Card | Rewards | Bonus | Annual Fee |
| TD Cash Credit Card | 1% – 3%
3% and 2% Cash Back on your choice of Spend Categories (you can switch your categories quarterly), and 1% Cash Back on all other purchases | $200
$200 Cash Back when you spend $500 within 90 days after account opening | $0 |
|---|---|---|---|---|
| TD Double Up Credit Card | 2%
2% unlimited Cash Back – no rotating Spend Categories, no caps or limits | $150
$150 Cash Back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening | $0 |
| TD FlexPay Credit Card | N/A | 0% Intro APR: 18 billing cycles on balance transfers | $0 |
| TD First Class Visa Signature Credit Card | 1X – 3X
3X First Class miles on travel and dining purchases and 1X First Class miles on all other purchases | 25,000 miles
25,000 miles on $3,000 spent in first 6 cycles | $89 (waived first year) |
| TD Clear Visa Platinum Credit Card | N/A | N/A | $120 / $240 |
Customer Service
Chase’s customer service system is quite comprehensive. In addition to an indepth help website page, there are customer service lines, Twitter and Facebook support 7 am to 11pm ET Monday to Friday and 10 am to 7 pm ET on the weekends, or you can schedule a meeting with an agent in your local branch.
Accessing customer support directly through the app is a game-changer. The interface provides options for live chat, email, or phone support.
TD Bank has a decent contact us page on its website and provides several options to speak to a member of its customer service team. This includes social media channels, and instant message. However, there is no obvious helpline number to call.
Unfortunately, the levels of service are not confirmed by their respective consumer ratings. Chase has a poor rating of 1.3 out of 5 on Trustpilot, while TD Bank has a 1.2 out of 5 rating.
Online/Digital Experience
Both Chase and TD Bank have an app for iOS and Android devices. Chase’s app has similar ratings with 4.8/5 on the Apple Store and 4.4 out of 5 on Google Play. While the TD Bank app is rated 4.8/5 and 4.4/5 on Apple and Google respectively.
Both sites have a clean design and are easy to use that offers a solid user experience. You can explore and compare products and access how-to videos and other support materials.
Which Bank is The Winner?
Both Chase and TD Bank offer a comprehensive line of products, so to summarize which bank is better, we’ll need to recap the positives and potential negatives.
Chase has some innovative features with the potential for comparable CD rates without TD Bank’s minimum deposit. However, there is little to separate the checking accounts, TD Bank’s savings rate is double that of Chase.
Chase does offer more credit card choices, but don’t rule out TD Bank, which has some interesting options.
| |  | |
|---|---|---|---|
APY Savings
The annual percentage yield (APY) is a percentage that represents the amount of money or interest earned on your savings account over the course of a year. The APY factored in compound interest. A savings calculator can help you quickly determine how much you'll earn with a given APY.
| 0.01% | 0.01% – 4.00% | Up to 5.02%
|
Checking Fee
The monthly fee on checking account
| $12
Can be waived if you maintain a $1,500 minimum daily balance, making direct deposits or Associated SnapDeposits of $500 or more per statement cycle, or holding $5,000 in combined deposit accounts with the same statement cycle date or having a Health Savings Account or investment account
| $15 per month
Can be waived if you’re aged 17 to 23 or if you maintain $100 minimum daily balance
| Compare Banking |
Mobile App Rating | 4.8/5 on iOS 4.3/5 on Android | 4.8/5 on iOS 4.2/5 on Android | Various Banks
|
FAQs
Does Chase offers a promotion for new accounts?
As of September 2024, new Chase total checking customers can currently qualify for a $300 bonus. You’ll need to open a Chase Total Checking account and set up at least one direct deposit to receive your bonus. Chase also offers $100 if you set up a new Chase Secure Banking account.
All of these promotional offers do have qualification criteria, so it is important to check the small print, but these products can be a great way to get your hands on some free cash.
Does TD Bank offers a promotion for new accounts?
TD Bank offers a welcome bonus for new account – you can get $300 bonus if you open a new checking account, and another $200 if you open a savings account. There is a minimum deposit required of $500 or $2,500, depending on account, within 60 days.
Is Chase worth for Millenials?
Most Millennials prioritize convenience and functionality, so Chase has a lot to offer. In addition to its large branch network, the bank has an excellent app and clear website interface to manage your account.
Chase has an impressive product line that includes multiple credit card options, various checking accounts and decent saving rates. This allows you to manage all of your financial activities with just one bank. However, the fees are higher compared to other banks.
What’s the easiest way to close a Chase bank account?
The easiest way to close your Chase bank account is online. You can sign in to your dashboard and under the “Secure Message Center” tab, you should see an option to send a message requesting account closure. Within two business days, you should receive a message detailing any follow up questions and the instructions for the account closure process.
You can also close your account at your local Chase branch or by calling the toll free customer service line, where the Chase representative will guide you through the process.
What is required to open a TD Bank account?
If you want to open a TD Bank account, you’ll need to provide your full name and home address. You will also need to provide your Social Security number, and a government ID, such as your driver’s license, state ID or passport.
How's TD Bank physical coverage?
TD Bank has over 9 million customers in the USA with approximately 1200 branches across 16 states. This means that you are likely to find a local branch, particularly if you live in the Northeast, Carolinas, Florida, Metro D.C and Mid Atlantic areas.
Can you close TD Bank account over the phone/online?
The standard way to close your TD Bank is to visit your local branch or mail in a written request. If you have money in your account, these are the only two methods to close your account. If you’re mailing in a letter, you also need to ensure the letter includes the account numbers and is signed and notarized.
However, if your account has a zero balance, you can use the Online Banking platform to close the account. You can send a secure message request or call the customer support line.
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Chase vs TD Bank: Comparison Methodology
In our detailed comparison, The Smart Investor team thoroughly looked at Chase and TD Bank in five main areas:
Checking Accounts (30%): We checked things like direct deposit, debit card availability, monthly fees, ATM and branch access, check deposit, bill pay options, and account alerts. We also considered any special offers for customers.
Savings Accounts including CDs (20%): We focused on important stuff like how much interest you can earn (APY), the smallest amount you need to open an account, how flexible the accounts are, and if they're insured by FDIC. We also looked at special savings offers, different types of CDs, and any fees for taking money out early.
Credit Cards (15%): We looked at what rewards you get, how much the card costs each year, any bonuses you get for signing up, perks for traveling, how much interest you pay on balances, and if you can transfer balances from other cards.
Lending Options (15%): We checked out the different kinds of loans they offer, like personal loans, student loans, mortgages, and loans where you use your home as collateral.
Customer Experience And Bank Reputation (20%): We looked into how easy it is to use their online and mobile banking, how helpful their customer support is, what people say about them online, any awards they've won, and how stable they are financially. This gave us a good idea of what it's like to be a customer and how much people trust them.
Compare TD Bank
TD Bank vs. Bank Of America
We'll explore Bank Of America and TD Bank savings accounts, checking accounts, CDs, credit cards, and lending products. Here's our winner.
TD Bank vs. Wells Fargo
There is no clear winner when comparing Wells Fargo and TD bank, but if we have to pick, TD comes out ahead.
Citibank vs. TD Bank
Citibank leads in credit cards, and TD Bank options for borrowers are broader. But what about the rest? Here's our comparison and winner:
TD Bank vs. M&T Bank
TD Bank is our winner with better banking products compared to M&T, but there are cases when M&T wins. See our complete comparison
Truist Bank vs. TD Bank
Both Truist and TD Bank are active in a variety of states, such as Florida, Georgia, North And South Carolina, and more. Here's our winner:
TD Bank vs. Capital One
Capital One is our winner as it offers a full banking package, which is better than TD Bank, especially if you have deposit needs. Here's why.
Ally vs. TD Bank
While TD offers a better selection of checking accounts and credit cards, Ally is also a great option for those who want an online-only bank.
American Express Bank vs. TD Bank
While TD offers a better selection of checking accounts and lending options, Amex is a great option for online banking. How do they compare?
Compare Chase Versus Alternative Banks
Although Chase Bank has a modern, trendy image, it is one of the oldest banks in the United States. JP Morgan Chase's consumer division, Chase Bank, is one of the largest banks in the United States. Even though its interest rates aren't particularly competitive when compared to online banks and credit unions, loyal Chase customers who keep a significant amount of money with the bank can earn slightly better rates.
American Express is best known for its credit card business. The financial services firm, on the other hand, has a banking subsidiary that offers high-yield savings and CD accounts. For those looking to save money with a well-known financial institution, the American Express High Yield Savings Account is a popular option.
Read Full Comparison: American Express vs Chase Bank
Chase and Wells Fargo appear to offer very similar products at first glance, so we need to dig a little deeper. There is little to distinguish the savings accounts, and both banks provide a variety of checking accounts.
While Chase's account maintenance fee is slightly higher, it does have some more interesting features. Chase also has an advantage in terms of CDs, but Wells Fargo is a better option for loans and mortgages.
Read Full Comparison: Chase vs Wells Fargo: Where to Save Your Money?
The Chase and Citi checking accounts both have no minimum deposit and a monthly account maintenance fee of $12. This can also be waived with a balance of $1,500 or more, or with qualifying deposits.
Furthermore, both have a very impressive selection of more than credit card options.
Read Full Comparison: Chase vs Citi: Which Bank Account Wins?
The Discover checking account is more traditional. While the account does not pay interest, you can earn 1% cash back on debit card purchases. There are also no fees if you require a replacement debit card, have a deposit item returned, or have insufficient funds in your account.
Chase offers a wide range of banking products, including savings accounts, checking accounts, home loans, home equity options, auto loans, and a wide range of credit cards. In addition, Chase's customer service system is quite extensive.
Read Full Comparison: Discover vs Chase: Which Bank Account Suits You Best?
Chase has some great features including a massive selection of credit card options. Both banks also offer some great mortgage packages. PNC also has some innovative credit card options, and you can also access personal loans.
Read Full Comparison: Chase vs PNC Bank: Which Bank Account Is Better?
Chase and Capital One both have banking product lines that compete with traditional high street banks.
Capital One also has a competitive advantage in terms of checking accounts. The Capital One checking account is not only fee-free, but you can also earn interest on your account balance. Chase's checking account does not pay interest, and you must meet certain requirements to have the $12 monthly fee waived.
However, when you open a qualifying account, Chase will give you a welcome bonus, and its checking account has some nice features such as paperless statements for up to seven years and checking account upgrade options.
Read Full Comparison: Chase vs Capital One: Compare Banking Options
Both banks have account maintenance fees that can be waived by meeting one of several requirements. The rates are also quite similar, so which bank is best will come down to what products you’re looking for.
While Chase and U.S. Bank offer many banking services, Chase Bank is our winner in this competition. Here's why – and what else to know:
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We'll explore Chase and BMO Bank savings accounts, checking accounts, CDs, credit cards, and lending products. Here's our winner:
In our opinion, Chase is the preferred option in this battle. But, there are significant differences between products. Here's our comparison:
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We believe Chase is the preferred option in this battle. But, there are significant differences to know. Here's our comparison: Chase vs. Fifth Third Bank
While Huntington Bank offers some better conditions when it comes to CDs and lending options, Chase is our winner. Here's why: Chase vs. Huntington Bank
Even though Regions Bank has better terms for CDs and loans, we're leaning towards Chase. Here's why, and our complete banking comparison: Chase vs. Regions Bank
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Chase Bank is our winner, while Amex and Chase offer great banking services and credit card portfolios. Here's our side-by-side comparison: American Express Bank vs. Chase Bank
Chase is our winner as it is a better fit for most consumers than HSBC bank. But, there are important things to consider when comparing them: Chase Bank vs. HSBC Bank
Both Chase and Barclays offer a significant portfolio of banking services for US-based customers, but Chase is our winner. Here's why: Chase Bank vs. Barclays Bank
Chase Bank is our winner with a complete package of banking services. SoFi is best for savings rates, online experience, and lending options.
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