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.
Key Features of a Business Savings Account
Great rate
Help grow your business savings at a great interest rate. The more you save, the more your business earns, up to
.
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 .
| Account Balance | Interest Rate |
|---|---|
| 0 to 99,999.99 dollars | |
| 100,000 to 499,999.99 dollars | |
| 500,000 dollars or more |
Open a Business Savings Account
Your business needs to have a chequing account at another financial institution in order to open a Tangerine Business Savings Account.
We want to make sure you realize that this is a Savings Account to grow your business savings, not a chequing account.
Here are the steps:
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1Submit your enrollment request.
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2We’ll contact you to go over next steps
Here are some other savings options for your business. (We don’t currently offer chequing accounts for businesses.)
Business US$ Savings Account
Learn More
Business GIC
Learn More
Business US$ GIC
Learn More
Check out these helpful articles
Legal Stuff Collapse
†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.
Footnote‡Pay no fees for everyday Account transactions. For non-standard transactions, a fee may apply.
Tangerine Bank is a wholly-owned subsidiary of The Bank of Nova Scotia and a CDIC member in its own right.
