Use the TD Canada Trust Simply Save Program, Get a Bonus of Up to $200

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TD Canada Trust has an interesting promotion right now that has stirred up lots of discussion in our Personal Finance forums. It's called the TD Simply Save program, and the appealing part is that you can potentially get a $200 bonus from TD Canada Trust.

Here's how it works: Simply Save transfers a set amount of money from your chequing account to a savings account when you use your TD Canada Trust Access Card. Every time you reach $100 in "Simply Save savings", TD Canada Trust will give you a $10 bonus up to a maximum of $200. You have a fair amount of choice in how in how you set up the program, like how much is transferred per transaction ($0.50 to $5), what kind of transactions to include (debit, ABM withdrawal, or both), what kind of account your extra savings are moved into, and how often your savings will be transferred.

In a nutshell, for every $100 that is automatically moved to your savings account for you, TD Canada Trust will give you $10, up to a maximum of $200. You need to sign up by July 24, 2009 to qualify.

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