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Business Savings Account
Typical business accounts pay little or no interest, but a Tangerine Business Savings Account is designed to complement your existing business chequing account at another financial institution and help you grow your business cash. You’ll earn a great interest rate and help reach your business savings goals faster.
Up to [[SAVINGS_BIS.RATE.MAX]]†
Interest rate
$0
Monthly fee
$0
Minimum balance
Great rate
Help grow your business savings at a great interest rate. The more you save, the more your business earns, up to [[SAVINGS_BIS.RATE.MAX]]†.
No unfair^ fees or service charges
We simply don’t believe in unfair fees. So you won’t have to pay to save with us.
No minimum balances
With no minimum balance requirement, you can save as much or as little of your business cash as you like.
Keeps your business cash stashed
Designed to complement the business chequing account you have somewhere else, this is a great way to grow your extra business cash.
Current Interest Rates†
Current annual interest rates since [[SAVINGS_BIS.DATE.1]].
| Account balance | Entire balance earns |
| $0.00 - $99,999.99 | [[SAVINGS_BIS.RATE.1]] |
| $100,000.00 - $499,999.99 | [[SAVINGS_BIS.RATE.2]] |
| $500,000.00 or more | [[SAVINGS_BIS.RATE.3]] |
Requirements to open a Business Savings Account
Business chequing account with another financial institution
Your business needs to have a chequing account at another financial institution in order to open a Tangerine Business Savings Account.
Personal Client Number with Tangerine
To open a Business Savings Account, you first need to have a personal Client Number with Tangerine. Once you're done signing up as a personal Client, you can open an Account for your business.
Call us
If your business already banks with us, and you'd like to open another Account, please call us at 1-888-826-4374.
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Join with our app
Become a Client completely digitally with our Mobile Banking app3. Sign up without leaving your home or having to call us—it’s a fast, convenient and secure mobile experience.
Don’t have our Mobile Banking app3 yet? Download it today, so you can bank easily from anywhere.
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Take a look at our other products
US$ Business Savings Account
Save your business’ US dollars at a great interest rate without fees, service charges or minimum balance requirements.
Business Guaranteed Investment (GIC)
For funds that won't be needed for a while, a Tangerine Business GIC is a perfect way to earn a great interest rate without fees or service charges.
^Fair fees mean they are disclosed and agreed to in advance, and the amount makes sense relative to the benefit received. For more details about any of our fees, please see our fee schedule here.
†Business Savings Account and Business 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 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. In order for us to properly confirm all of the required details for the business, business Clients must have a Canadian dollar Business Savings Account as their first Tangerine Business Account. Subsequent Account types can then be opened with us over the phone.
3 Some conditions may apply. Service is subject to availability and successful digital verification.
4 As of March 2025 from the Google Play Store and App Store.
® App Store is a registered trademark of Apple Inc., registered in the U.S. and other countries.
™ Google Play is a trademark of Google LLC.