Tangerine Savings Account

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.

Features at a glance:

  • Great rate
  • No fees or services charges
  • No minimum balance required
  • Automatic Savings Program
Current interest rate:
Current per year interest rate since 07/24/2015

Special offer: Become a new Client and earn 2.40% interest on your first Tangerine Savings Account for 6 months and earn up to $50 in Bonuses‡‡. Learn more

Great rate: Our rates are among the best on the market.

No fees, no service charges: Because we know that every penny counts, we don't believe in fees or service charges. You won't have to pay money to save your money.

No minimum balances: You earn the same great rate on every dollar in your Account.

Automatic Savings Program: One of the best features of our Tangerine Savings Account is the 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.

Safe and secure: Tangerine Bank is a member of Canada Deposit Insurance Corporation (CDIC), which means deposits up to $100,000 are eligible for CDIC deposit insurance.

Easy access: We're always open so you can bank with us online, mobile or by phone anytime, day or night.

Switch to Tangerine Savings: 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.

Ready to enroll?

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.

The Tangerine New Client Interest Offer of 2.40% (the "Offer") is available to new Tangerine Clients who become a Client on or after May 28, 2016 and who open a Tangerine Savings Account (“Savings”), Tangerine Tax-Free Savings Account ("TFSA Savings") or Tangerine RSP Savings Account ("RSP Savings") (collectively "Applicable Accounts") within 90 days of becoming a Client. Eligible Clients will receive the Offer on all deposits made to Applicable Accounts for a duration of 182 days from the date the first Applicable Account is opened, up to a maximum of $500,000 per Account registration type. Offer will only be applicable to Accounts where the new Client is the Primary Account Holder. The Offer is current as of May 28, 2016 and is calculated by adding "Additional Interest" of 1.60% 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. Interest at the Posted Rate will be paid at the end of each month. Additional Interest is payable and paid on all open Applicable Accounts at the start of the following month, and assumes the Applicable Account was not closed prior to the payment of Additional Interest. The Offer and interest rates are subject to change without notice. For full details, please visit tangerine.ca/specialrate/termsandconditions.

‡‡ 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 November 1, 2016. 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 cash Bonus offers. To earn the second $25 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 Savings Account opening date. The Account is considered open once it is free of any and all restrictions. $25 Bonus will be deposited into the same Account as the ASP, within 30 days from the 6th month that the ASP is in place. Only 1 Bonus per New Client.

Six months equals to 182 days from the date the first Applicable Account is opened.

The 'Tangerine' trademarks are owned by The Bank of Nova Scotia and used under licence. Forward Banking is a registered trademark of Tangerine Bank.