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TCF National Bank Review

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TCF National Bank Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 1923, TCF National Bank has assets totaling $23 billion as well as $18 billion in deposits, ranking it as a very large bank. TCF National Bank, whose headquarters are in Sioux Falls, South Dakota, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Coming in at an average 3.5 out of 5 stars, TCF National Bank is an acceptable bank choice, but may leave you wanting more. TCF National Bank has a complete choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. TCF National Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, TCF National Bank's standard checking does not carry a monthly fee. Locating an institution with no-fee checking, in addition to a high interest rate savings account is your best bet for gaining the highest income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.01%, TCF National Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.05% and the five-year CD has a rate of 0.35%, while its highest-yielding money market account earns at an APY of 0.01%. Given TCF National Bank's poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How TCF National Bank's Savings Rates Compare

TCF National Bank Savings 0.01 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

TCF National Bank charges its customers above-average fees compared to other U.S. banks. With no monthly fee, TCF National Bank is perfect for those who want a basic checking account. For those who often visit the ATM, it is not ideal because it has an out-of-network ATM fee of $3.00, which is not great in comparison to the national average. Additionally, it has an overdraft fee of $37.00, which is noticeably higher than the national average. TCF National Bank unfortunately does not reimburse out-of-network ATM fees, which means you'll have to search for a TCF National Bank ATM or eat the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $3.00 National Average: $1.20
Overdraft Fee $37.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

TCF National Bank is a brick-and-mortar bank, with 335 total branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin. It also offers access to mobile and web apps for a simple mobile-banking experience. TCF National Bank's online and mobile banking services get mediocre scores from users. With 3,500 ratings across both iOS and Android platforms, the TCF National Bank mobile app rates a 3.1 out of 5 (compared to the national average of 3.8). You can utilize TCF National Bank's mobile app to manage your accounts by checking account balances, transferring funds and reaching customer service. However, TCF National Bank gets a fair consumer satisfaction score due to a large number of consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.1/5
Consumer Satisfaction Rating 3.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

TCF National Bank is currently a very large bank owning $23 billion in assets as well as $18 billion in deposits. TCF National Bank's Texas Ratio is 5.11%, signifying that TCF National Bank is in good financial health and unlikely to fail. Additionally, TCF National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare TCF National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $500
Checking Account 0.01% APY $2500
Certificates of Deposit
  • 12 Month: 0.05% APY
  • 24 Month: 0.20% APY
  • 36 Month: 0.25% APY
  • 48 Month: 0.30% APY
  • 60 Month: 0.35% APY
$500 for all terms
Money Market Account 0.01% APY $25000

TCF National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. TCF National Bank does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. TCF National Bank's CD rates are fair in comparison to the national average.

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Find a TCF National Bank Near Me

TCF National Bank has 335 branches across the U.S.

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