Institution:

Tangerine

Bank Account Type:

Tax Free Savings

Monthly Fees:

$0

Interest Is Paid:

Monthly

Interest Rate:

2.40%

Insurance:

2.40

Cheques Available:

Yes

Interest Compounded:

Daily

Number of Monthly Transactions:

None

Number of Self Serve Transactions:

None

Number of Cheque Transactions:

None

Bank Drafe Cost:

Overdraft Fee:

Overdraft Interest:

Interace-Transfer:

US ATM Fee:

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More Details:

Tangerine Tax-Free Savings Account

Earn more. Become a new Client and get up to $50 in Bonuses and triple interest of 2.40%* on your first Tangerine TFSA Savings Account for six months.

With a Tangerine Tax-Free Savings Account (TFSA), you can increase your savings by earning high interest tax-free! You earn money even faster in a TFSA compared to a regular savings account because you don't pay tax on the interest earned. Add this benefit to the already existing benefits of a Tangerine Savings Account - like no minimums, no service charges and no fees while you save with us - and you have a Savings Account that can't be beat.

Features at a glance:

  • Tax-free
  • Great rate
  • No fees or service charges while you're saving with us
  • No minimum balance required
  • Automatic Savings Program

 

Fine Print:

As of January 1, 2016, all Canadian residents who are at least 18 years of age can contribute up to $5,500 annually†† (as a combined total for all TFSAs held at all institutions). Up to $10,000 of unused contributions can be carried over from 2015, up to $5,500 per year from 2013-2014, and up to $5,000 per year from 2009-2012.

† Six months equals to 182 days from the date the first Applicable Account is opened.

For full details, please visit tangerine.ca/rateoffer/termsandconditions

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