TD Bank vs. Citizens HELOC
TD Bank and Citizens compared on rates, fees, borrowing limits and fixed-rate options, from each lender's published terms.
Reviewed by Shawn Way, NMLS #1007298★ 4.9 from 111 reviewsUpdated
Disclosure: Shawn Way is a loan officer at West Capital Lending, Inc., which competes with these lenders. HELOCHQ isn't paid by any lender for reviews, and every fact below comes from the lender's own published terms.
Both serve the East Coast. Citizens has no opening fees and lines up to $2 million. TD charges a flat $99 to open and lends on investment properties, which Citizens doesn't.
On this page
Side by side
| TD Bank | Citizens | |
|---|---|---|
| Type | Regional bank | Regional bank |
| Rate | Variable, based on the WSJ prime rate; maximum APR 18% | Variable, based on the WSJ prime rate; APR floor 2.50%, cap 21% |
| Credit score | Not published by TD Bank as of October 26, 2026; ask the lender | 680+ |
| Max borrowing | Not published by TD Bank as of October 26, 2026; ask the lender | Up to 85% |
| Line size | $25,000–$500,000 | $17,500–$2,000,000 |
| Terms | Not published by TD Bank as of October 26, 2026; ask the lender | 10-year draw; repayment length not stated |
| Fees | $99 origination fee; $50 annual fee on most lines (a no-annual-fee option on $25,000–$49,999 lines) | No application, origination or closing fees; $50 annual fee after year one (waived with certain Citizens checking accounts) |
| Fixed-rate option | Not published by TD Bank as of October 26, 2026; ask the lender | Not published by Citizens as of October 26, 2026; ask the lender |
Sources: TD Bank (checked October 26, 2026) and Citizens (checked October 26, 2026). Terms change; confirm with each lender.
Use a free calculator, or get your HELOC rate from Shawn.
The difference that matters
TD's rates page leaves out loan-to-value limits and draw terms, so get them in writing. Citizens' 21% lifetime cap is higher than TD's 18%.
Choose TD Bank if
- You want to borrow against a rental or investment property
- You bank with TD and can use its checking discount
- Your line is $25,000 to $500,000
Choose Citizens if
- You want no origination fee
- You need a line above $500,000
- You can meet Citizens' best-rate conditions
If neither fits
Different lenders draw the line in different places on credit score, loan-to-value, property type and state. A broker can price several lenders with one application. Get your HELOC rate, or if you already have an offer from either lender, see how it compares with HELOCs closed this year.
Full reviews
Shawn Way is a loan officer at West Capital Lending, Inc., which may compete with the lenders reviewed here and may also arrange loans through some of them as a mortgage broker. Facts come from each lender's own website on the date shown and can change; confirm current terms with the lender.
Sources
Official sources behind this guide.
- What is the difference between a home equity loan and a HELOC? · Consumer Financial Protection Bureau
- What you should know about home equity lines of credit (booklet, PDF) · Consumer Financial Protection Bureau
- Bank Prime Loan Rate (DPRIME) · Federal Reserve Bank of St. Louis, FRED
- Regulation Z §1026.40: Requirements for home equity plans · Consumer Financial Protection Bureau