TFSA Savings Account All of the make with none of the take.
Earn 3.00%* tax-free interest on every dollar with no minimum balance and zero fees.
Get started
Smart features
-
3.00% interest* is all yours
Whether you’re saving for right now or a rainy day, 3.00%* tax-free interest on every dollar is a smarter way to earn more.
-
Behold, a zero-fee reality
As long as you don’t over-contribute to your TFSA account, you won't pay a single fee.
-
Not five free withdrawals.
As many as you want.
Access the money in your TFSA whenever you need it, without the nonsense of paying taxes or penalties.
-
Fast, zero-paperwork sign-up
Branch lineups and phone calls shouldn’t get between you and earning more. So sign up online in minutes and get started!
-
Life goals on auto
Seamlessly link your TFSA Savings Account to your Savings Plus Account or external bank account for easy one-time or recurring deposits.
-
Secured & insured
Keep saving, we’ve got you covered. All deposits in EQ Bank products are eligible for Canada Deposit Insurance Corporation (CDIC) protection†.
Who doesn’t love guarantees?
Get a TFSA GIC
Why not guarantee your interest, tax-free? Choose from our flexible GIC options to grow your money at a guaranteed rate—and pay no taxes on the interest. And what’s more? You can buy one in seconds. Explore our great rates and range of term options here.
Who doesn’t love guarantees?
Get a TFSA GIC
Why not guarantee your interest, tax-free? Choose from our flexible GIC options to grow your money at a guaranteed rate—and pay no taxes on the interest. And what’s more? You can buy one in seconds. Explore our great rates and range of term options here.
Know your limits
-
All Canadians aged 18 and over can contribute up to $6,5001 annually, as a combined total of TFSAs held at all institutions.
-
If you've never contributed to a TFSA, and you were eligible to contribute since they were introduced in 2009, you can contribute a total of up to $88,000, which means all of your unused contributions since 2009 carry over.
-
Watch those contributions! If you over-contribute, you’ll be penalized 1% on the excess every month, until you withdraw it.
-
If you want to replace money you’ve withdrawn, you’ll have to wait until the following year to regain the contribution room.
Sign up in a matter of clicks
Not yet an EQ Bank customer? No problem. Start by opening a Savings Plus Account first (it’s really easy). From there, opening your TFSA is a breeze.
If you’re already an EQ Bank customer, you can open a TFSA right from your web browser or mobile app in a few simple steps.
Sign in
Got specific retirement goals? We’ve got an RSP for that.
Learn more about our R.S.P. Savings Account
