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New Client Offer: Earn a special 4.50% Savings rate for 5 months.2

Savings Account

  • No unfair^ fees or service charges
  • No minimum balance

[[SAVINGS.RATE]]†

Interest rate

$0

Monthly fee

$0

Minimum balance

star

Special Offer

Earn 4.50% for 5 months2

New Client offer: Get an awesome Savings rate with no minimum balance to help reach your goals. Learn More

Open an Account
Open an Account

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.

What is a Tangerine Savings Account?

A Tangerine Savings Account makes it easy to save for your short-term, medium-term and long-term goals. It’s a simple and flexible way to set aside and grow your cash for future use. 

Benefits of a Tangerine Savings Account

Great rate with no minimum balance

Grow your savings with an interest rate of [[SAVINGS.RATE]]† since [[SAVINGS.DATE]]. Earn the same great rate on every dollar in your Account.

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.

Reach your goals faster

A Tangerine Savings Account comes with tools to make it super simple to reach your goals.

Automate your savings

With an Automatic Savings Program, you can save without even thinking about it.

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.

Open a Savings Account with Tangerine

Sign up to bank with us and open a Savings Account online or in our app in a few clicks or taps.

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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43,000 Reviews4

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QR Code to download our App

Signing up on Web is cool too!

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

Sticky Notes

Savings Account FAQs

How can I automate my savings?

Setting up an Automated Savings Program (ASP) is easy.

 

Set up online at Tangerine.ca:

  • Log in and scroll down to 'Money Management Tools' and click 'Automatic Savings Program'.
  • Click 'Start ASP' and follow the prompts
  • And remember, you can always go in and make changes to your automatic transfer amount, skip scheduled transactions or cancel your ASP

Set up with the Mobile Banking app:

  • In the app, hit ‘More’ on the bottom of your screen and then hit ‘Automatic Transfers’ and follow the prompts

 

Take a look at other products

Experience tax-free saving

Open a TFSA to enjoy the benefits of a Tangerine Savings Account and pay no tax on your withdrawals or interest.

Save for your retirement

Earn interest in your RSP while enjoying no minimums and no unfair^ fees.

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.

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.