Compare TFSA Interest Rates From a Variety of Canadian TFSA Account Providers.
A TFSA account is a personal savings vehicle introduced by the Canadian government.
This type of savings account allows you to save money tax free.
You are eligible for a TFSA if:
1: You are a Canadian resident.
2: You are at least 18 years old.
3: You have a valid Social Insurance Number
Yes, you can have multiple TFSA accounts, but the combined funds you contribute to your TFSA accounts may not exceed $5000 due to the $5000 contribution limit.
You're free to make withdrawals from your TFSA account at any time, there are no tax implications attached.
You're allowed to contribute $5000 per year, if you haven't used up all your contribution room for a specific year this can be carried forward into the following year.
The TFSA rates listed below are a comparison of rates given over a one year period. Banks may have different options available that offer you higher Interest Rates (High Interest TFSA).
Find the best tax free savings account for your investment plans!
Sign Up For The Rate Alert
Don't miss out on new higher rates, always
stay in the loop so you can maximize your earnings!
stay in the loop so you can maximize your earnings!
Write a Savings Account Review
Share your experiences of any of the saving accounts below with our readers.
Give Us Your Feedback
Positive or negative, we love to hear your thoughts...
Provider
Rate APY
Bonus Intro Rate
Minimum Deposit
Minimum Balance
Fees
ATM Access
Compounding Method
2.00%
No Intro Rate Available.
$1 Min Deposit
None
No Fees
No
Daily
The Ally TFSA savings account is by far the most rewarding tax free savings account compared to other TFSA providers. Combined with a 24/7 customer support service and with no fees attached to this account, it offers a very appealing option to begin building up your tax free savings.
2.00%
No Intro Rate Available.
None
None
None
No
Unknown
1.60%
No Intro Rate Available.
None
None
None
No
Annually
1.50%
No Intro Rate Available.
None
None
None
No
Daily
1.50%
No Intro Rate Available.
None
None
None
No
Daily
1.40%
No Intro Rate Available.
None
None
None
No
Daily
1.20%
No Intro Rate Available.
None
None
None
No
Daily
1.00%
No Intro Rate Available.
None
None
None
No
Daily
1.00%
No Intro Rate Available.
$500 Min Deposit.
None
None
No
Every 6 Months
1.00%
No Intro Rate Available.
None
None
None
No
Unknown
1.00%
None
$25 min Deposit
None
None
No
Annually
0.80%
Extra 1% Added Bonus rate from Nov 9 2009 - March 12 2010
None
None
None
Yes
Unknown
