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TD Securities
 
 
 
 

Premium Business Savings Account

Overview

The Premium Business Savings Account (PBSA) is a high-yield account with The Toronto-Dominion Bank that pays a competitive rate of interest. Opening a PBSA is as simple as opening an operating account, as it utilizes the same documentation and forms. Once you decide to open a PBSA, our dedicated implementation and service team will integrate it with new or existing electronic banking services.

 

Features

  • Competitive daily interest for surplus balances, complementary to an operating account
  • Ideal for stable tranches of surplus operating cash and/or management of core liquidity
  • Daily liquidity

Benefits

  • Counterparty Risk: Simple and transparent credit analysis with Aa2 risk of TD Bank Group
  • Operational Simplicity: No need for manual ‘redemption orders’ or need to regularly roll over investments, saving treasury staff time
  • Yield Optimization: Competitive and managed interest rate correlated to movements in wholesale money markets
  • Liquidity: Balances can be easily transferred to another TD account or wired to other financial institutions
    December 15, 2017
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    Key Contacts

    Vincent Iarocci
    Head of Corporate Cash Management
    416 982 8838Click to mail
    Email Us
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    One of a few banks in the world rated Aa2 (Moody's 2017)