Join the 57,000+ members who bank with us!
Earn interest tax-free!
Save for your $1,000 minimum!
Take advantage of rate increases!
Save for your TFSA investment! And easily transfer funds to your TFSA.
Tax-Free Savings Accounts (TFSAs) are available to any Canadian resident age 18 and older with a Social Insurance Number.
No, they’re not. Only RRSP contributions are. But withdrawals from a TFSA aren’t subject to withholding tax and you can make them anytime!
Any amount you withdraw will be added to your contribution room for the following year. Your contributions for one year can only be $6,000 no matter what you withdraw.
The initial deposit must be $1,000 or more. If you don’t have $1,000, no problem. You can open a TFSA Savings Account. Deposit as little or as much as you like and save, tax-free, for that $1,000 initial deposit. Apply today or if you already have a registered investment with us, you can open a TFSA Savings Account through digital banking. Go to Accounts > Open Account > Registered > TFSA Savings Account.
You can also view our consolidated TFSA brochure (pdf).
Rates subject to change without notice.
Calculators on the site are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please contact us directly to seek personalized advice from qualified professionals for all personal finance issues.
Investments require a minimum deposit of $1,000. Interest is earned in the currency of the account and calculated on a per annum basis. Rates are subject to change without notice. Interest rates are annual interest rates. Interest is calculated daily on the closing credit balance. If term is withdrawn in full, the accrued interest is paid in full based on prior day's amount. If partial withdrawals are processed, there is no payment of accrued interest as it's paid according to the original terms. Interest for products can either be paid to a separate account or added to the principal on each anniversary date and at maturity.
Learn more about our accounts and services. Review our Account and Fee Information (pdf).