TD Announces Revised and Extended Long-term IDA Agreement with Schwab - Toronto-Dominion Bank (NYSE:TD)

TD Announces Revised and Extended Long-term IDA Agreement with Schwab - Toronto-Dominion Bank (NYSE:TD)

TORONTO, May 5, 2023 /CNW/ - TD Bank Group ("TD" or "the Bank") (TSX:TD) (NYSE:TD) today confirmed it entered into an amended Insured Deposit Account (IDA) Agreement with The Charles Schwab Corporation ("Schwab"). TD and Schwab amended the IDA to reflect the current market and interest rate environment. In comparison to the existing agreement, the revised agreement extends the term by three years to July 1, 2034, and provides for lower deposit b…