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HELOC Explained (and when NOT to use it!)The APR will not exceed 18%. Rate shown includes discount of % requiring Automatic Payment Deduction from a TD Bank personal checking or savings account. Your TD Bank Home Equity Line of Credit can be converted from a variable rate to a fixed rate - either all of it or a portion of it. Benefits of a HELOC � Convenient access. Access your credit through your TD Access Card, cheques, EasyWeb Online banking and the TD app. � Low interest rate.