- TD increases cash rebates on Green Mortgages and Green Home Equity
Lines of Credit (HELOC) on applications submitted from February 26 to
September 30, 2009
- When customers make ENERGY STAR qualified purchases they will receive
a cash rebate of up to 1.5%
- 91% of Canadians are committed to making environmentally friendly
improvements to make their home greener
TORONTO, Feb. 26 /CNW/ - TD Canada Trust announced today that it is
increasing the cash rebate to up to 1.5% on its Green Mortgage and Green Home
Equity Line of Credit for qualified purchasers who apply between February 26th
to September 30th, 2009. Canadians can now receive even more savings for
environmentally friendly choices when buying or renovating their home.
This new offer works well in conjunction with the federal budget
announcement made earlier this year regarding tax credits such as the Home
Renovation Tax Credit and government rebates related to the EcoEnergy Retrofit
Program.
"We think customers will appreciate the additional savings that this
rebate offers on top of the benefits from government incentives that were
announced earlier this year," said Joan Dal Bianco, Vice President, Real
Estate Secured Lending, TD Canada Trust. "These incentives are all about
helping Canadian homeowners make the green upgrades they want to make for
environmental reasons and we're very happy to be a part of that."
A cash rebate of up to 1.5% (up from the regular rebate of up to 1%) of
the amount of the mortgage or Home Equity Line of Credit will be available to
customers who make ENERGY STAR qualified purchases. Customers will also
continue to receive 1% off the posted interest rate on a five-year fixed rate
mortgage or on a five-year fixed rate portion of a HELOC.
Each time a customer receives a rebate, TD Canada Trust will donate $100
to the TD Friends of the Environment Foundation.
A wide range of ENERGY STAR qualified products are eligible for rebate in
the following categories:
- Major appliances
- Heating, cooling and ventilation equipment and controls
- Windows, doors and skylights
The cost of a residential energy efficiency assessment is also eligible
for the rebate.
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in
North America by branches and serves approximately 17 million customers in
four key businesses operating in a number of locations in key financial
centres around the globe: Canadian Personal and Commercial Banking, including
TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse
and an investment in TD Ameritrade; U.S. Personal and Commercial Banking
through TD Banknorth and TD Bank, America's Most Convenient Bank; and
Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks
among the world's leading online financial services firms, with more than 5.5
million online customers. TD Bank Financial Group had CDN$585 billion in
assets on January 31, 2009. The Toronto-Dominion Bank trades under the symbol
"TD" on the Toronto and New York Stock Exchanges.
For further information: Kelly Hechler, TD Bank Financial Group, (416)
982-2469