You'd be surprised at just how little it takes to save with Tangerine – especially since there aren't any minimum balances or fees to save with us*. Instead, we believe that saving should be simple. And we believe it should be rewarding. That's why we offer you a number of safe and simple ways to save.
Tangerine Tax-Free Investment Fund Account
Tax-free investing is a great way to grow your savings outside of your RSP without having to pay tax. 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.
Tangerine Tax-Free Guaranteed Investment (GIC)
Guaranteed safe, secure and tax-free! Our Tax-Free GIC has one of the best rates going, no fees or service charges while you save with us, and no minimum balances. Watch your money grow tax-free, guaranteed.
Tangerine Tax-Free Savings Account (TFSA)
Save your money and earn high, tax-free interest. With no minimum balances and no service charges while you save with us, all the money you put into your Tangerine Tax-Free Savings Account will grow like never before. And you won’t pay tax when you need to withdraw it.
* TFSAs have no fees while you’re saving with us. If at some point you decide to transfer your funds to another financial institution, a $45 fee will apply.
** Annual limit based on proposed legislation current as of January 4, 2016, subject to potential future change.