When you're ready to put some money aside to grow your savings, a Tangerine Tax-Free Guaranteed Investment is a great choice. Guaranteed! Your money is guaranteed to grow safe and secure, and tax-free.
As of January 1, 2016, you can now save up to $5,500 per year* without being taxed on the interest you earn in a Tax-Free GIC. 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.
Just lock in your savings with us for one of our set terms and we'll pay the kind of interest that you'd expect with a Guarantee. You earn the same great rate on every dollar in your Account.
Tangerine Bank is a member of Canada Deposit Insurance Corporation (CDIC), which means your deposits of up to $100,000 are eligible for CDIC deposit insurance.
A Tangerine Tax-Free GIC is easy to open and set up too. Once you’ve enrolled, you just need to provide your initial deposit cheque which will link your current chequing account to your new Tangerine Account. This also lets you transfer money back and forth whenever you want between the accounts.
Enrolling online is simple, fast and safe. Just click the Enroll now button to get started. Or, if you like, you can also enroll over the phone by calling us at 1-866-700-0314.
Savings Account, Chequing Account, and GIC rates are annualized and are current as of today's date and are subject to change without notice. Interest is calculated daily and paid monthly in the case of our Savings and Chequing Accounts; and is calculated daily and paid at maturity on a GIC. Tax-Free GICs 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. You will have 30 days from the purchase or re-investment date to cancel the new GIC.
* Annual limit based on proposed legislation current as of January 4, 2016, subject to potential future change.