5 Year Tax Free Savings Account

A Tax-Free Savings Account (TFSA) is a great way to save money for a short term goal or to complement your retirement savings plans. A TFSA is a flexible savings account registered with the Government of Canada that allows you to earn tax-free investment income. A Fixed Rate TFSA is available in 1, 2, 3, 4 or 5 year terms with a minimum deposit $500.

Savings Features

  • Apply By Phone

    1-800-207-0068

  • Annual Interest Rate

    1.6%

  • Paperless Statements

    -

  • Transaction Fees

    -

  • Monthly Fee

    -

  • Deposit Insurance

    -

  • Account Opening Bonus

    No

  • Overdraft Protection

    -

  • Acount Type

    TFSA

Savings FAQ

What is a savings account?

A savings account is a basic type of bank account that allows you to deposit money, keep it safe and withdraw funds. Savings accounts offered by most banks, credit unions, and other financial institutions are FDIC insured and typically pay interest on your deposits.

Is a savings account good long term savings goals?

Can you write checks on your savings account?

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Service Info

Bow Valley Credit Union

Verified within the past few weeks

For more than 60 years, Bow Valley Credit Union has been providing financial services to members in the Bow Valley Corridor. Bow Valley Credit Union's six branches serve approximately 10,000 members in Airdrie, Banff, Canmore, Calgary and Cochrane. Bow Valley Credit Union understands your life is always changing and so are your banking needs. Whether you're heading off to college, buying your first home, saving for your child’s education, or planning your retirement, Bow Valley Credit Union has financial solutions to help you along the way.

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