[[SAVINGS.RATE]]†
Interest rate
$0
Monthly fee
$0
Minimum balance
A Tangerine Savings Account makes it easy to save for your short-term, medium-term and long-term goals. It’s a simple and flexible way to set aside and grow your cash for future use.
Grow your savings with an interest rate of [[SAVINGS.RATE]]† since [[SAVINGS.DATE]]. Earn the same great rate on every dollar in your Account.
We simply don’t believe in unfair fees. So you won’t have to pay to save with us.
A Tangerine Savings Account comes with tools to make it super simple to reach your goals.
With an Automatic Savings Program, you can save without even thinking about it.
Create a personalized savings goal and have money moved automatically to your Tangerine Account.
Sign up to bank with us and open a Savings Account online or in our app in a few clicks or taps.
Become a Client completely digitally with our Mobile Banking app3. Sign up without leaving your home or having to call us—it’s a fast, convenient and secure mobile experience.
Don’t have our Mobile Banking app3 yet? Download it today, so you can bank easily from anywhere.
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Keeping your banking info safe isn’t the only thing required to keep your Accounts protected. Discover expert tips and 24/7 security features for peace of mind all year long.
To open a Savings Account online or in our app, you'll need to start by becoming a Client. We'll need your email address, your full name, your date of birth, and your Canadian address. You'll also need to enter your Social Insurance Number (SIN) if you're opening an interest-earning Account, such as a Savings Account.
Here are the main differences between a Tangerine Chequing Account and Savings Account
Chequing Account
Savings Account
Setting up an Automated Savings Program (ASP) is easy.
Set up online at Tangerine.ca:
Set up with the Mobile Banking app:
Here's how you can deposit money into your Savings Account using the Mobile Banking app or online:
You can have up to 10 non-registered Tangerine Savings Accounts.
Interest on your Savings Account is calculated daily and paid monthly. Please note that interest rates are subject to change without notice.
Open a TFSA to enjoy the benefits of a Tangerine Savings Account and pay no tax on your withdrawals or interest.
Earn interest in your RSP while enjoying no minimums and no unfair^ fees.
2 The Tangerine New Client 4.50% Interest Rate Offer (the "Offer") is available to new Tangerine Clients who: (a) have a Client Number created between December 18, 2024 and March 31, 2025, and (b) open an Eligible Savings Account as the Primary Account Holder within 60 days of the date their Client Number was created. The 4.50% Promotional Rate will apply to deposits made to an eligible Client’s Eligible Savings Account(s) for 153 days (5 months) beginning on the date all Qualifying Conditions have been met, to a maximum of $1,000,000 (in the currency of the Eligible Savings Account) per Eligible Savings Account Type (for deposits to registered Eligible Savings Accounts made through a T2033 form, please see the full Offer Terms and Conditions). The Promotional Rate is an annualized rate, calculated daily and paid monthly. All deposits to TFSAs and RSP Savings Accounts are subject to the limits imposed by the Canada Revenue Agency (CRA) and the Client is fully responsible for ensuring any and all deposits fall within these set CRA limits.
The Offer is only applicable to Accounts where the eligible new Client is the Primary Account Holder. Offer can’t be combined with any other promotional Savings rate offers except as otherwise permitted. By accepting any Offer, you agree to the terms and conditions of this Offer. Full Offer Terms and Conditions, including definitions of any capitalized terms, are available here. Offer may be changed, extended or cancelled without notice.
^Fair fees mean they are disclosed and agreed to in advance, and the amount makes sense relative to the benefit received. Registered Accounts have no fees while your funds are with us. If at some point you decide to transfer your funds to another financial institution, a fee will apply. View the complete list of Account fees.
† Savings Account, Chequing Account, and GIC interest rates expressed on this website are annual interest rates and are current as of today's date. Interest rates are subject to change without notice. Interest is calculated daily and paid monthly on our Savings and Chequing Accounts. GIC terms of one year or longer have interest calculated on the basis of 365/366 days and compounded and/or paid annually. GIC terms of less than one year have interest calculated on the basis of 365/366 and paid at maturity.
3 Some conditions may apply. Service is subject to availability and successful digital verification.
4 As of August 2024 from the Google Play Store and App Store.
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™ Android is a trademark of Google Inc.
