Tangerine Savings Account

With a Tangerine Tax-Free Savings Account (TFSA), you can increase your savings by earning high interest tax-free! You earn money even faster in a TFSA compared to a regular savings account because you don't pay tax on the interest earned. Add this benefit to the already existing benefits of a Tangerine Savings Account - like no minimums, no service charges and no fees while you save with us - and you have a Savings Account that can't be beat.

Savings Features

  • Annual Interest Rate

    1.25%

  • Paperless Statements

    Yes

  • Transaction Fees

    No

  • Monthly Fee

    No

  • Deposit Insurance

    Yes

  • Account Opening Bonus

    Yes

  • Overdraft Protection

    Yes

  • 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

Tangerine

Verified within the past few weeks

Tangerine Bank, operating as Tangerine, is a Canadian direct banking subsidiary of Scotiabank. It offers savings accounts, Tax-Free Savings Accounts (TFSA), Guaranteed Investment Certificates (GIC) and Registered Retirement Savings Plans (RRSP), mutual funds, mortgages and a no-fee chequing account.

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