New Client Offer: Earn a special 5.50% Savings rate for 5 months.²

Tax-Free Savings Account

No tax on interest earned or withdrawals
A flexible Account that doesn't lock your money in

[[SAVINGS_TFSA.RATE]]^†

Interest Rate

Monthly fee

Minimum balance

Open an Account

Tax-free savings

As long as you stay within your contribution limits, you won’t be taxed on interest earned or on withdrawals.

Flexibility

Easily move your money at any time. You’re never locked in, and there are no minimums.

No unfair^ fees

We simply don’t believe in unfair fees. So you won’t have to pay to save with us.

About TFSAs

18 years and up

Currently, individuals who are at least 18 years of age can open a TFSA.

$7,000 annually*

Contribute up to $7,000* annually (as a combined total for all TFSAs held at all institutions).

$95,000 in total

If you've never contributed to a TFSA, and you were eligible to contribute since they were introduced in 2009, as of January 1, 2024, you can contribute a total of up to $95,000, which includes all unused contributions carried over since 2009.

* Annual limit based on legislation current as of January 1, 2024, subject to potential future change.

Savings Calculator

See when you can reach your savings goal.

Automatic Savings Program

Total Savings Goal

Regular Savings Amount

How Often

Time	Amount Saved

You should reach your goal in (including interest) by saving in a Tangerine Savings Account.*

*Estimator tool is for demonstration purposes only and should not be relied upon as financial or other advice. Calculations are estimates only based on the current interest rate of 0.70%, which may change, and based on interest calculated daily and paid monthly, assuming no withdrawals.

Reach your savings goals faster

Create a personalized savings goal and have money moved automatically to your Tangerine Account.

Your security matters

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.

Get Informed

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Join with our app

Become a Client completely digitally with our Mobile Banking app^a. 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 app^a yet? Download it today, so you can bank easily from anywhere.

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Signing up on Web is cool too!

Take a look at our other tax-free options

Tax-Free Investment Fund Account

Your Investment growth is tax-free.

Tax-Free Guaranteed Investments (GIC)

Enjoy one of the best interest rates going and save tax-free, without any fees or service charges.

² The Tangerine New Client 5.50% Interest Rate Offer (the "Offer") is available to new Tangerine Clients who: (a) have a Client Number created between November 6, 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 5.50% 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 unfair 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.

^a Some conditions may apply. Service is subject to availability and successful digital verification.

^b As of August 2024 from the Google Play Store and App Store.

^® Apple is a registered trademark of Apple Inc.

^™ Android is a trademark of Google Inc.