New Credit Cards from TD Banknorth Reward Financial Responsibility With Lower Interest Rates

Business Wire, Jan 7, 2008

--Suite of card options also includes points and cash back reward cards--

PORTLAND, Maine -- Starting today, consumers can enjoy greater control over their credit with Simply Flexible credit cards from TD Banknorth, which offer individual and small business customers lower interest rates as a reward for financial responsibility.

Simply Flexible(SM) and Simply Flexible Business(SM) Visa([R]) credit cards from TD Banknorth are unique in that they give cardholders greater financial control with the option of selecting their standard Annual Percentage Rate (APR) based on their monthly payment. Customers can choose a highly competitive standard APR of 7.99 percent on the items they purchase by paying 10 percent or more of their monthly balance. That could lead to substantial savings for the 60 percent of U.S. cardholders who routinely carry a credit card balance.

"Simply Flexible is a win-win for customers. When they choose to pay more than their minimum monthly balance, they're rewarded with lower interest rates, the option of paying off their balance sooner and receiving a positive reflection on their credit rating," said Tom Dyck, executive vice president of retail product management for TD Banknorth. "We're excited to be one of the very few financial institutions to offer a flexible-rate credit card that truly puts the customer in charge."

In addition to the Simply Flexible credit cards, TD Banknorth has also introduced Easy Rewards Platinum(SM), a points rewards card with no reward limits, and Cash Rewards Platinum(SM), a cash back rewards card.

All of the new credit cards offered by TD Banknorth feature zero percent APR for up to six months on eligible purchases and balance transfers, as well as no annual fees, 24/7 emergency assistance, emergency card replacement, lost/stolen card reporting assistance, auto rental collision coverage, and damage waiver program. The bank is committed to transparent banking, meaning no hidden fees, no double cycle billing and no universal default.

Customers can also enjoy the added convenience of being able to apply, make payments and get answers to their questions about the credit cards at any TD Banknorth branch, over the phone or online.

"Our new credit cards come with great rewards and benefits--and also with the TD Banknorth commitment to hassle-free banking and superior customer service," said Dyck.

TD Banknorth serves more than 1.5 million households through its network of 600 branches and 750 ATMs located across the New England and Mid-Atlantic regions. Consumers can learn more about credit card options offered by TD Banknorth by visiting a TD Banknorth branch, logging on to www.TDBanknorth.com/creditcard or by calling (888) 561-0608.

About TD Banknorth Inc.

TD Banknorth Inc. is a leading banking and financial services company headquartered in Portland, Maine, and a wholly-owned subsidiary of TD Bank Financial Group headquartered in Toronto, Canada. TD Banknorth is one of the 25 largest commercial banking organizations in the United States, with over $58 billion in assets. TD Banknorth's banking subsidiaries include TD Banknorth, N.A., which operates banking divisions in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Vermont, and TD Bank USA, N.A. TD Banknorth and TD Banknorth, N.A., also operate subsidiaries and divisions in insurance, wealth management, merchant services, mortgage banking, government banking, private label credit cards, insurance premium financing and other financial services and offers investment products in association with PrimeVest Financial Services, Inc. For more information, visit http://www.TDBanknorth.com.