Openbank vs. TD Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Openbank
High-Yield Savings Account
4.20%APYDec 10, 2025FDIC InsuredLow MinimumsShow Fine Print & Trends Hide Details
Openbank
High-Yield Savings Account
TD Bank
TD Signature Savings
Up to2.75%APYDec 10, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessRange: 0.05% – 2.75%Show Fine Print & Trends Hide Details
TD Bank
TD Signature Savings
Openbank vs. TD Bank Savings Calculator
Openbank earns $2,535.7 more than TD Bank.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
TD Bank
TD Signature Savings
Higher APY requires $100,000
Savings Breakdown
- Interest Earned+$28.60(0.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,028.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Openbank vs. TD Bank
Why Openbank?
- ✓Higher potential APY (4.20% vs 2.75%) on all balances
- ✓No checking account or direct deposit required
Why TD Bank?
- ✓Physical branch access (Multiple branches in CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC)
- ✓Higher rated iOS app (4.8 vs 3.1)
- ✓Higher rated Android app (4.0 vs 3.1)
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $420 vs $0/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $0/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
TD BankTD Bank offers an iOS app rated 4.8 (vs. 3.1) and Android app rated 4.0 (vs. 3.1)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $415 more interest on a $10,000 balance than TD Bank's TD Signature Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Openbank offers a High-Yield Savings Account with a competitive APY of 4.20%, making it the clear winner in this comparison. This account requires a minimum deposit of $500 and has no maintenance fees, direct deposit requirements, or caps, making it ideal for simplicity. In contrast, TD Bank's Signature Savings account provides a lower APY of 2.75%, which is only accessible with a minimum balance of $100,000 and linking to an eligible TD account, otherwise yielding only 0.05%. While TD Bank does not require direct deposit, its higher balance requirement and tiered rates may complicate access to the best returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Openbank and TD Bank.
| Feature | Openbank | TD Bank |
|---|---|---|
| APY | 4.20% Verified: 12/10/2025 Stable (90d) | 2.75% Range: 0.05% - 2.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | High-Yield Savings Account | TD Signature Savings |
| Minimum Deposit | $500 | $0 |
| Min. Balance for APY | $0 | $100,000 |
| Monthly Fee | $0 | $10. Waived under some circumstances. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS3.1 Android3.1 | iOS4.8 Android4.0 |
| BBB Rating | Not Rated | Not Rated |
| Important Notes | - | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. 2.75% is available when you link an eligible TD account and have a minimum balance of $100,000. Otherwise 0.05% is the maximum APY. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Openbank | TD Bank |
|---|---|---|
| High-Yield Savings Account | TD Signature Savings | |
Current APY | 4.20% | 2.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | -8.1 |
Days Since Change | 141 | 68 |
9-Month High | 4.75% | 3.51% |
9-Month Low | 4.20% | 2.75% |
Adjustments / Mo | 0.31 | 0.31 |
Volatility Score | 0.027 | 0.078 |
How to read these metrics(Click to expand)
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