TD Bank has a variety of tools helping Canadians to assess their house financing options. The bank has a separate subdomain that hosts seven different calculators. The pandemic-provoked market downturn came along with low-interest rates, which inspired Canadians to consider buying a home. TD bank benefited from this new customer interest and leveraged this opportunity to drive additional traffic to its website by promoting various tools that help to assess house financing options.
Due to the high relevance of these instruments and TD’s additional support, traffic to tools.td.com doubled in May 2020 and has remained relatively high since, with 439K average monthly visits.
Google searches for “Mortgage” saw a steep spike in March 2020 and remained relatively high (+17%) since the start of the pandemic. Along with evaluating their mortgage opportunities, Canadians searched for various tools helping them to understand their financing options. Consequently, Google searches for “Mortgage Calculator” increased 8% compared to the pre-pandemic times.
TD offers a range of tools helping Canadians to facilitate their mortgage decision.
TD’s website features a landing page listing all tools facilitating mortgage decisions. However, all calculators live on a tools.td.com subdomain.
More than half (53%) of traffic to tools.td.com comes from organic search, followed by referral traffic from td.com.
Since January 2020, 2M visitors landed on tools.td.com from the organic search channel.
Having handy and easy-to-use tools that help customers assess their housing buying options enables TD to run search ads and capture relevant traffic. Since January 2020, 267K visitors came to TD's website following TD's search ads.
Between January 2020 and September 2021, TD invested $263K into search ads driving traffic to the tools.td.com subdomain.
Since the beginning of 2020, TD only invested $6K in display ads to drive traffic to their mortgage tools. TD allocated 48% of that sum to drive traffic to the Mortgage Payment Calculator, 41% to Mortgage Affordability Calculator.
TD aimed to appeal to a prospective target audience with emotional images. However, given insignificant advertising spend, display ads brought only about 30K visits since January 2020, which is less than 1% of total traffic to tools.td.com.
As the result of the market's elevated interest in home buying and TD’s additional investment in promoting its financial assessment tools, the visits to tools.td.com have almost doubled (+75%) in May 2020 and remained at an average of 439K monthly visits ever since.