TFSA – Savings Account
Enjoy a rate of 4.50% from January 9 to March 13, 2025. This rate applies only to new deposits.
- Regular rate of 0.50%+ bonus of 4.00% from January 9 to March 13, 2025, on new deposits made during this period only1
- Account type: registered savings account
- Fees: none
- Deposit insurance: up to $100,000 per person per caisse
- Savings and withdrawals are not taxed
New deposits made between January 9 and March 13, 2025, accrue interest at the promotional rate of 4.50%1 during this same period. What you need to know about this rate:
- Applies only to new deposits and not to balances carried forward before January 9, 2025.
- Valid until March 13, 2025. The regular rate will apply to your account balance as of March 14, 2025.
- Rate subject to change without notice.
To get this promotional rate, new deposits cannot be transferred from the same type of savings account. For example, you can't withdraw money currently in your TFSA – Savings account and then redeposit it into the same account.
Features
This savings account, designed specifically for TFSAs, lets you put money aside for short- and medium-term projects. It gives you security and flexibility to build up savings and access your funds.
To open a TFSA Savings Account, you must first register for a tax-free savings account issued and administered by Desjardins Trust. You also need a Desjardins everyday account.
Transactions
Deposits, withdrawals, transfers permitted at all times.
Overcontributions are subject to a tax of 1% per month.
Automatic transfers
Make automatic transfers into your account. You decide how much and how often (minimum of $25 per transfer).
Interest
Paid monthly and non-taxable.
See current rates
Account statement
Monthly statement of account included in the everyday account statement you receive by mail or online.
Learn more about account statements.
Other
Eligible for potential member dividends.
Learn more about member dividends