TFSA – Savings Account

  • Regular rate of 0.70%
  • Account type: registered savings account
  • Fees: none
  • Deposit insurance: up to $100,000 per person per caisse
  • Savings and withdrawals are not taxed

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

Calculate

How much will your investment be worth at maturity?