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Special RSP Savings rate: New Clients can save at 4.50% for 5 months2

RSP Savings Account

Save for your retirement by earning interest while enjoying no minimums and no unfair^ fees.

[[SAVINGS_RSP.RATE]]†

Interest rate

$0

Monthly fee

$0

Minimum balance

Offer Ending:

Score up to $500 before it’s gone1

Become a Client. Then cash in with a few smart money moves to new Tangerine Accounts. Get Offer Now

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Are you already a client?

Log in if you already bank with us, or take just a few minutes to sign up and become a client.

Great rate with no minimum balance

Grow your retirement savings with an interest rate of [[SAVINGS_RSP.RATE]]† since [[SAVINGS_RSP.DATE]].

Flexibility

Easily move your money to other investment choices within your RSPRSP at any time. You’re never locked in.

No unfair^ fees while you save with us

We simply don’t believe in unfair fees. Why should you have to pay money to save for retirement?

Spotlight Illustration

Benefits of an RSP

You pay less tax

Contributions to an RSP can be deducted from your taxable income, which is especially worthwhile if you use this tax saved to make a contribution for next year or to pay off debts.

Your RSP contribution is tax sheltered

The money you contribute, up to your contribution limit, and the earnings you make on your investments are only subject to tax when you withdraw from your RSP.

You can split your income with a Spousal RSP

Spousal RSP contributions help ensure future retirement income is split evenly between you and your partner.

Limited Time Offer

Score up to $500 before it’s gone¹

Become a Client. Then cash in with a few smart money moves to new Tangerine Accounts. It’s no risk, all reward.

 

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Hours

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Savings Calculator

See when you can reach your savings goal.

Automatic Savings Program

Time Amount Saved

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

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

Take a look at our other products

RSP Investment Fund Account

Enjoy tax-deferred growth while investing for your retirement.

RSP Guaranteed Investment (GIC)

Protect your retirement savings with the guaranteed growth of a GIC combined with the tax benefits of an RSP.

1 The Tangerine New Client Payroll & Extra Bonus Offer (the “Offer”) is available to new Clients who(se) Client Number was created between July 8, 2025 and July 21, 2025. 

To earn a cash Bonus of $250 (“Bonus”) an eligible Client must: (a) open a Tangerine Chequing Account as the Primary Account Holder within 60 days of the date their Client Number was created; and (b) set up eligible payroll direct deposits within 60 days of the date their Chequing Account was opened. The Bonus will be paid to the new Client’s Tangerine Chequing Account provided that: (i) the full amount of their payroll direct deposits is deposited; (ii) payroll direct deposits total a minimum of $200 on a monthly basis; (iii) the first eligible payroll direct deposit is received in their Account within 60 days of successfully opening the Chequing Account; and (iv) their subsequent eligible payroll direct deposits continue for at least 2 consecutive months. The Bonus will be paid to the Client’s Tangerine Chequing Account in the subsequent month following the satisfaction of the Offer conditions. Limit of one Bonus per Primary Account Holder.

To earn an additional cash Bonus of $250 (“Extra Cash Bonus”), in addition to satisfying all of the terms and conditions above for the Bonus, within 30 days of the date their Client Number was created, the eligible Client must: (a) open a new Eligible Registered Account, and (b) deposit at least $3,000 into the new Eligible Registered Account and maintain it for at least 3 consecutive months. The Extra Cash Bonus will be paid to the Client’s Tangerine Chequing Account within 30 days after the conditions in the paragraph above have been satisfied. Tangerine RIF Accounts, RSP Investment Fund Accounts and Tax-Free Investment Fund Accounts don’t qualify as Eligible Registered Accounts under this Offer. Limit of one Extra Cash Bonus per Client.

By accepting this Offer, you agree to the terms and conditions of this Offer. Offer may be changed, extended or cancelled without notice. Full Offer Terms and Conditions, including definitions of any capitalized terms, are available here.

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 July 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.