Savings Account Interest Rates A variety of ways to earn interest on your money. You want to save more and earn more. Scotiabank ® Momentum Savings Account TM Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings Account. In the 2008 budget, the government of Canada introduced a brand new personal savings vehicle: the Tax-Free Savings Account (TFSA), to help you save for different purposes throughout your lifetime. This new account is the most important personal savings vehicle for Canadians since the introduction of the RRSP in 1957.

Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings  Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings  Scotiabank® Savings Accelerator Account - Tax-Free Savings Account. Learn more. Right for you if: You want our highest regular interest rate  What is a TFSA? Read our TFSA FAQ now. Learn how a Tax Free Savings Account (TFSA) can allow your investments and savings to grow tax-free throughout 

Scotia Power Savings. The longer you save, the higher your interest rate. Account is available for all Registered Plans, such as RRSP, TFSA, RESP, RRIF  

Every year you gain contribution room in your Tax Free Savings Account. As of January 2019, you can contribute $6,000 annually in your TFSA, plus any unused contribution amount you may have accumulated. However, it’s important to make sure you don’t over contribute †. Interest is calculated daily and will be paid monthly on the entire balance up to $2,000,000 when the minimum daily closing balance of $25,000 is met. Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. Scotiabank ® Momentum Savings Account TM No longer available. Information provided for existing account holders Scotiabank ® Savings Accelerator Account - Tax-Free Savings Account Learn more. Right for you if: You want our highest regular interest rate, tax-free . Highest rate will be paid on the entire balance You’ll need a daily balance of €200 or above to waive the monthly fee of €1, but the Scotiabank Euro Interest Savings account account is entirely free for seniors. Interest begins at 0.01% for balances of €5,000, with the top tier of 0.10% paid on balances above €60,000.

Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings 

Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings  Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. All transactions in the Scotia TFSA are settled through the Savings  Scotiabank® Savings Accelerator Account - Tax-Free Savings Account. Learn more. Right for you if: You want our highest regular interest rate  What is a TFSA? Read our TFSA FAQ now. Learn how a Tax Free Savings Account (TFSA) can allow your investments and savings to grow tax-free throughout  Scotia Power Savings. The longer you save, the higher your interest rate. Account is available for all Registered Plans, such as RRSP, TFSA, RESP, RRIF  

Every year you gain contribution room in your Tax Free Savings Account. As of January 2020, you can contribute $6,000 annually in your TFSA, plus any unused contribution amount you may have accumulated. However, it’s important to make sure you don’t over contribute †.

What are the average interest rates of the Tax-Free savings account in Canada? The calculation of interest rates is done per annum. The minimum investment for a tax-free savings account is $50 and if the amount increases up to $5,500.00 or over $5,500.00 the interest rate is at 0.500%. However, rates are subject to changes without prior notice. A Tax-Free Savings Account (TFSA) shelters savings interest and investment earnings from being taxed, which makes it a great place to park your cash, GICs, mutual funds, securities and more. The TFSA has been available in Canada since 2009, and each year the Canadian government sets a maximum annual contribution amount for every Canadian 18 Visit CIBC to find interest rates, as well as offers and special rates for all of CIBC's Tax Free Savings Accounts (TFSAs). 1 The Scotiabank Savings Accelerator Account is available for all Registered Plans, such as RRSP, TFSA, RESP, RRIF and RDSP. The Scotiabank Momentum Savings Account is available for non-registered savings accounts only. * A maximum of five Premium Periods at any one time, each of which can have a length of 90 days, 180 days, 270 days, or 360 days. To get the most out of your TFSA when using a savings account, it’s in your best interest to park your funds in a ‘high-interest rate account’ that offers returns that at the very least is up to the inflation rate i.e. 2% or higher. Some of the best rates available on tax-free savings accounts in Canada this year are:

Interest is calculated daily and will be paid monthly on the entire balance up to $2,000,000 when the minimum daily closing balance of $25,000 is met. Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account.

Every year you gain contribution room in your Tax Free Savings Account. As of January 2019, you can contribute $6,000 annually in your TFSA, plus any unused contribution amount you may have accumulated. However, it’s important to make sure you don’t over contribute †. Interest is calculated daily and will be paid monthly on the entire balance up to $2,000,000 when the minimum daily closing balance of $25,000 is met. Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. Scotiabank ® Momentum Savings Account TM No longer available. Information provided for existing account holders Scotiabank ® Savings Accelerator Account - Tax-Free Savings Account Learn more. Right for you if: You want our highest regular interest rate, tax-free . Highest rate will be paid on the entire balance You’ll need a daily balance of €200 or above to waive the monthly fee of €1, but the Scotiabank Euro Interest Savings account account is entirely free for seniors. Interest begins at 0.01% for balances of €5,000, with the top tier of 0.10% paid on balances above €60,000. The Scotia Tax Free Savings Account (TFSA) is a great way to save. All the income (interest, dividend and capital gains) earned in your Scotia TFSA are tax-free for life. See how much you can save with a TFSA. The Regular Interest Rate plus the 0.10% Interest Rate Boost is calculated daily on the Momentum PLUS Savings Account(s) closing balance and paid monthly. Customers can have a maximum of five Premium Periods at any one time, each of which can have a length of 90 days, 180 days, 270 days, or 360 days. A bank account that does more, means you will too. Give your savings even more of a boost – an additional 0.10% Interest Rate Boost! 5 For a limited time, that’s a total of up to 3.10% 6 with our Ultimate Package.

Interest is calculated daily and will be paid monthly on the entire balance up to $2,000,000 when the minimum daily closing balance of $25,000 is met. Scotia Tax-Free Savings Accounts may hold Scotia GICs, Mutual Funds and a Savings Account. Scotiabank ® Momentum Savings Account TM No longer available. Information provided for existing account holders Scotiabank ® Savings Accelerator Account - Tax-Free Savings Account Learn more. Right for you if: You want our highest regular interest rate, tax-free . Highest rate will be paid on the entire balance