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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 and $18 billion in deposits, which makes the institution 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 in-person service, in addition to its online and mobile offerings. On the whole, TCF National Bank is a bank with better alternatives, with a score of 3.5 out of 5 stars from our team. TCF National Bank has a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking does not have a monthly maintenance charge. Finding an institution with free checking and a high savings APY is the best bet for returning the highest income on your deposits while having easy 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

TCF National Bank features a savings rate of 0.01%, which is poor in comparison to other U.S. banks. Its one-year CD has a rate of 0.05% and the five-year CD earns at 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 in comparison to the average U.S. bank. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. For those who will need cash in a pinch, TCF National Bank is not the best option because it charges an out-of-network ATM fee of $3.00, which is less than ideal in comparison to the national average. Additionally, TCF National Bank has an overdraft fee of $37.00, which is noticeably greater than the average U.S. overdraft fee. TCF National Bank does not reimburse out-of-network ATM fees, meaning you will need to search for a TCF National Bank ATM or eat the cost of withdrawal.

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 an easy mobile-banking experience. TCF National Bank's online and mobile banking services receive poor feedback from customers. Out of 3,500 ratings across Apple and Android platforms, the TCF National Bank mobile app has an overall rating of 3.1 out of 5 (compared to the national average of 3.8). TCF National Bank's mobile app allows you to control your finances by checking monthly statements, transferring funds and reaching customer service. However, TCF National Bank gets a fair consumer satisfaction score because of a high number of consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 ranks as a very large bank with assets totaling $23 billion and $18 billion in deposits. Its Texas Ratio is 5.11%, indicating that the bank is in fine financial condition and far from failure. 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 like 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 as compared against the national average.

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Find a TCF National Bank Near Me

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

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