Openbank vs. TD Bank
Openbank's High-Yield Savings Account pays 3.80% APY while TD Bank's TD Signature Savings pays 2.50% APY.
Note: TD Bank's TD Signature Savings also needs a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $379 more than TD Bank annually ($380 vs $1).
Choose Openbank if getting the best rate matters most, or you want a no-strings-attached account. Choose TD Bank if you value in-person banking.
Important Considerations
TD Bank's TD Signature Savings pays its top rate only if you also open a checking account with TD Bank, while Openbank's High-Yield Savings Account stands alone.
| Metric | OpenbankHigh-Yield Savings Account Sep 4, 2026 | TD BankTD Signature Savings Sep 4, 2026 |
|---|---|---|
| APY | 3.80% | 0.01% - 2.50% |
Earns in a year | $5,000+$190 $10,000+$380 $25,000+$950 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min. Deposit | $500 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. The stated APY is available when you link an eligible TD account and have a minimum balance of $100,000. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppStable Rate | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessChecking Bundle |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Executive Summary
Openbank offers a High-Yield Savings Account with an impressive APY of 3.80%, making it the superior choice compared to TD Bank's TD Signature Savings, which has a maximum APY of 2.50% for those linking an eligible account. Openbank's account is online-only, requires a minimum deposit of $50,000, and has no direct deposit or bundling requirements, providing simplicity for savers. In contrast, TD Bank's account is tiered and requires linking to an eligible account for the best rates, with a minimum balance requirement of $100,000 to access the higher APY. Overall, Openbank stands out for its higher yield and straightforward terms.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Openbank?
- Higher potential APY (3.80% vs 2.50%) 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)
Key Feature Differences
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $380 vs $1/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $950 vs $3/yr).
Better for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 3.80% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $379 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Openbank vs. TD Bank Savings Calculator
You earn $375 more with Openbank than TD Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
TD Bank
TD Signature Savings
Higher APY requires $100,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Openbank | TD Bank |
|---|---|---|
| APY | 3.80% Observed: 9/4/2026 Stable over 90 days | 2.50% Range: 0.01% - 2.50% Observed: 9/4/2026 Stable over 90 days |
| 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. |
| Compound Frequency | Monthly | Monthly |
| In-Branch Access | No | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | Not reported | 1,051 (CT, DC, DE, FL, MA, MD, ME, NC (+8 more)) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| 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. The stated APY is available when you link an eligible TD account and have a minimum balance of $100,000. |
| Next Steps | Visit SiteVerify at Openbank Non-sponsored link to official site | Visit SiteVerify at TD Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Compare Similar Alternatives
Compare Openbank vs...
Comparing against Standard Savings
Compare TD Bank vs...
Comparing against other Bundled Accounts
More Comparisons
Compare Openbank's APY of 3.80% with other banks
Compare TD Bank's APY of 2.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TD Bank vs Ally Bank | 3.00% | $0 |
| TD Bank vs American Express | 3.00% | $0 |
| TD Bank vs Axos Bank | 4.21% | $0 |
| TD Bank vs Barclays | 3.65% | $0 |
| TD Bank vs Capital One | 3.50% | $0 |
| TD Bank vs Chime | 3.75% | $0 |
| TD Bank vs CIT Bank | 3.75% | $100 |
| TD Bank vs EverBank | 3.90% | $0 |
| TD Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| TD Bank vs Newtek Bank | 4.20% | $100 |
| TD Bank vs Pibank | 4.10% | $0 |
| TD Bank vs SoFi Bank | 4.00% | $0 |
| TD Bank vs Synchrony Bank | 3.30% | $0 |
| TD Bank vs Varo Bank | 3.75% | $0 |
| TD Bank vs Wealthfront | 3.95% | $0 |