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Bank Account Type:Tax Free Savings
Interest Is Paid:Monthly
Number of Monthly Transactions:None
Number of Self Serve Transactions:None
Number of Cheque Transactions:None
2.40%Go to Site
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:
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