Tax-Free Savings Account (TFSA)

3 Year Step (Yield 1.50%) (Rates effective 2020-03-19) Rates
Year 1 1.25%
Year 2 1.50%
Year 3 1.75%
18 Month Step (Yield 1.25%) (Rates effective 2020-03-19) Rates
First 6 months 1.00%
Second 6 months 1.25%
Third 6 months 1.50%
Redeem-A-Term (Rates effective 2020-03-19) Rates
12 Month 1.00%
18 Month 1.10%
3 Year 1.25%
TFSA Demand Account (Rates effective 2020-03-19) Rates
Variable Rate 0.55%
Non-Redeemable Term Deposits (Rates effective 2020-03-19) Rates
30-59 days 0.20%
60-89 days 0.35%
90-119 days 0.55%
120-179 days 0.55%
180-269 days 0.60%
270-364 days 0.70%
One Year 1.20%
18 Months 1.25%
Two Years 1.30%
Three Years 1.40%
Four Years 1.50%
Five Years 1.60%
Early Riser - 4 Year (Yield 1.62%) (Rates effective 2020-03-19) Rates
Year 1 1.25%
Year 2 1.50%
Year 3 1.75%
Year 4 2.00%
Elevator Term Deposit - 5 Year (Yield 1.70%) (Rates effective 2020-03-19) Rates
1 Year 1.30%
2 Years 1.40%
3 Years 1.50%
4 Years 1.60%
5 Years 1.70%

Non-Redeemable Terms

  • minimum deposit is $500.*

Future Plan Term

  • minimum initial deposit is $50.
  • minimum monthly deposit is $50 for one year.
  • interest calculated on floating one-year term deposit rate and paid annually.
  • early redemption allowed at the TFSA Demand Account rate.

*For non-promotional rates only.

 

Tax Free Savings Account