We believe that saving money should be for everyone. And by everyone, we mean everyone who is tired of having their money sitting in an ordinary bank account, earning insignificant interest while being service charged away. With a Tangerine Savings Account, you earn high interest on every dollar, every day. There are no minimums, no service charges and no fees.
Current per year interest rate since:
Our rates are among the best on the market.
Your money is never locked in and there are no minimums. It's also easy to move your money to other investment choices within your RSP at any time.
Because we know that every penny counts when you're saving for retirement, we don't believe in unfair fees or service charges. At Tangerine you won't have to pay money to save for your retirement*.
You earn the same great rate on every dollar in your Account.
Automatic Savings Program (ASP). You decide how much you want to save on a regular basis and the ASP moves the money from your other bank account into your Tangerine Account.
Tangerine Bank is a member of Canada Deposit Insurance Corporation (CDIC), which means deposits up to $100,000 are eligible for CDIC deposit insurance.
Tangerine Savings isn't just easy to use; it's easy to open and set up too.
Open the Account in minutes, and then choose your Account activation method. With a quick trip to your nearest Canada Post outlet or Tangerine Café, followed by a couple simple steps to link your chequing account at your other bank, you can have your Account all set up and ready to use. Or, if you prefer, you can send us your initial deposit cheque to activate your Account – which you can do from the comfort of your home, thanks to the Cheque-In® feature of our Mobile Banking app.
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.
† Full Offer Terms and Conditions are available here. The 2.50% New Client Interest Rate Offer (the “Offer”) is available to new Tangerine Clients whose Client Number with the Bank was created between February 6, 2018 and May 31, 2018. To receive the Offer, Clients must open an Applicable Account within 90 days of the date their Client Number was created. The Offer applies only to Tangerine Savings Accounts (“Savings”), Tangerine Tax-Free Savings Accounts (“TFSA Savings”), and Tangerine RSP Savings Accounts (“RSP Savings”), collectively referred to as “Applicable Accounts” and each referred to as an “Applicable Account Type”. The Offer is available on new deposits made within 182 days from the date the first Applicable Account was opened (the “Promotion Period”) to a maximum of $500,000 per Applicable Account Type. The Offer is current as of February 6, 2018 and is calculated by adding “Additional Interest” of 1.40% to the Bank’s current applicable posted rate (“Posted Rate”) for the Applicable Account. The Posted Rate and Additional Interest are annualized rates, calculated daily and paid monthly. The Offer is only applicable to Applicable Accounts where the Eligible Client is the Primary Account Holder. The Offer and interest rates are subject to change without notice. Any capitalized terms used herein are found in the full Offer Terms and Conditions available here.
‡ Six months equals 182 days.
†† To earn the first $25 Bonus, you must become a New Tangerine Client using the promoted Orange Key and successfully open your first Tangerine Savings Account, Tangerine RSP Savings Account or Tangerine Tax-Free Savings Account with a minimum deposit of $100 by May 31, 2018. Accounts are deemed successfully opened when you have satisfied the Account Terms and Conditions and the Account is without restrictions. Bonus deposits will be made to your first opened Tangerine Account within thirty days of Account opening. This offer cannot be combined with other New Client Account-opening cash Bonus offers. To earn the second $25 ASP Bonus, the ASP amount must total $100 or more per month, for 6 continuous months. The New Client must set up their ASP by the end of the next calendar month following their first Savings Account opening date. The Account is considered open once it is free of any and all restrictions. The second $25 ASP Bonus will be deposited into the same Account as the ASP, within 30 days from the 6th month that the ASP is successfully in place. Only 1 ASP Bonus per New Client.
Tangerine is a registered trademark of The Bank of Nova Scotia, used under licence. Forward Banking is a registered trademark of Tangerine Bank.