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 2.40% New Client Interest Rate Offer (the “Offer”) is available to new Tangerine Clients whose Client Number with the Bank was created between May 16, 2017 and April 2, 2018. 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”. To receive the Offer, Clients must either: (a) have already qualified for the 1.90% New Client Interest Rate Offer, and then open a Tangerine Chequing Account within 182 days of qualifying for the 1.90% New Client Interest Rate Offer; or (b) open a Tangerine Chequing Account and then open an Applicable Account within 90 days of the date their Client Number was created. The Offer is available on deposits to Applicable Accounts made either: (a) within the remaining days from their Promotion Period as defined in the 1.90% New Client Interest Rate Offer, beginning on the date they opened their first Tangerine Chequing Account, for Clients who previously qualified for the 1.90% New Client Interest Rate Offer; or (b) within 182 days from the date the first Applicable Account was opened, for Clients who opened a Tangerine Chequing Account before opening an Applicable Account (the “Offer Period”). The Offer is available on deposits made to Applicable Accounts during the Offer Period to a maximum of $500,000 per Applicable Account Type. The Offer is current as of November 30, 2017 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.
Tangerine is a registered trademark of The Bank of Nova Scotia, used under licence. Forward Banking is a registered trademark of Tangerine Bank.