Tax-Free Savings Account (TFSA)

3 Year Step (Yield 1.03%) (Rates effective 2020-08-17) Rates
Year 1 0.90%
Year 2 1.10%
Year 3 1.20%
18 Month Step (Yield 0.75%) (Rates effective 2020-08-17) Rates
First 6 months 0.50%
Second 6 months 0.75%
Third 6 months 1.00%
Redeem-A-Term (Rates effective 2020-08-17) Rates
12 Month 0.65%
18 Month 0.70%
3 Year 0.85%
TFSA Demand Account (Rates effective 2020-08-17) Rates
Variable Rate 0.15%
Non-Redeemable Term Deposits (Rates effective 2020-08-17) Rates
30-59 days 0.15%
60-89 days 0.20%
90-119 days 0.25%
120-179 days 0.30%
180-269 days 0.30%
270-364 days 0.40%
One Year 0.80%
18 Months 0.85%
Two Years 0.90%
Three Years 1.00%
Four Years 1.10%
Five Years 1.20%
Early Riser - 4 Year (Yield 1.10%) (Rates effective 2020-08-17) Rates
Year 1 0.90%
Year 2 1.00%
Year 3 1.20%
Year 4 1.30%
Elevator Term Deposit - 5 Year (Yield 1.35%) (Rates effective 2020-08-17) Rates
1 Year 0.90%
2 Years 1.00%
3 Years 1.10%
4 Years 1.25%
5 Years 1.35%

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