Tax-Free Savings Account

Maximize your savings with a great interest rate in a Tangerine Tax-Free Savings Account. You’ll enjoy the same advantages of our regular Savings Account – no minimums, and no service charges or unfair^† fees while you save with us – with the added benefit of paying no tax on interest you earn or on your withdrawals.

Interest rate

Monthly Fee

Minimum balance

Key Features of a Tax-Free Savings Account

Tax-free savings

As long as you stay within your contribution limits, you won’t be taxed on interest earned or on withdrawals. Current interest rate of

since .

Flexibility

Easily move your money at any time. You’re never locked in, and there are no minimums.

No unfair^† fees while you save with us

We simply don’t believe in unfair fees. So you won’t have to pay to save with us.

Reach your savings goals faster

Create a personalized savings goal and use our Automatic Savings Program (ASP) to move money directly to your Tangerine Account.

Savings Calculator

See when you can reach your savings goal.

Savings Table

Total Savings Goal Regular Savings Amount How Often

*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 which may change, and based on interest calculated daily and paid monthly, assuming no withdrawals.

About TFSA Limits

Currently, all Canadians who are at least 18 years of age can contribute up to $6,500* annually (as a combined total for all held at all institutions). If you've never contributed to a TFSA, and you were eligible to contribute since they were introduced in 2009, as of January 1, 2023, you can contribute a total of up to $88,000, which includes all unused contributions carried over since 2009.

* Annual limit based on legislation current as of January 1, 2023, subject to potential future change.

vs : Understand the Difference

About TFSA Limits

Currently, all Canadians who are at least 18 years of age can contribute up to $6,000* annually (as a combined total for all held at all institutions). If you've never contributed to a TFSA, and you were eligible to contribute since they were introduced in 2009, as of January 1, 2023, you can contribute a total of up to $88,000, which includes all unused contributions carried over since 2009.

* Annual limit based on legislation current as of January 1, 2023, subject to potential future change.

vs : Understand the Difference

Don’t think this Account is for you? Take a look at our other options.

Check out these helpful articles

have no unfair fees while you’re saving with us. If at some point you decide to transfer your funds to another financial institution, a $50 fee will apply. Fair fees mean they are disclosed and agreed to in advance, and the amount makes sense relative to the benefit received. 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.

Tangerine Bank is a wholly-owned subsidiary of The Bank of Nova Scotia and a CDIC member in its own right.

CDIC Deposit Insurance Information

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