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Earn 2.35%* on your TFSA

No minimum balance or monthly fees. Unlimited self-serve transactions. Hello, savings!

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Check out our great savings rates

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Weigh the possibilities with our savings calculator

Figure out how much you can save by putting money away regularly. And check out our Auto-Save feature. It lets you round up your debit purchases from $1 to $5, and the difference goes right into your savings account. Save even more when you receive a credit (like your pay) and get a percentage transferred to your savings.

Our amazing accounts are also available as registered plans

TFSA savings account


A TFSA is a really smart way to save for just about anything. It falls under the ‘registered plans’ category because of the preferred tax treatment. When you save money inside a TFSA, the interest you earn on your savings is not taxed. This year you can contribute up to $6,000, the TFSA dollar limit for 2019. Withdrawals are tax-free too.

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RRSP savings account


An RRSP is a great way to save for retirement, and it comes with some pretty sweet tax advantages. Contributions are tax deductible, and anything you earn is tax sheltered until you withdraw the money. The best time to start saving for retirement is today. Your older self will thank you for it.

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Compare our rate2

Yes, we’ve got game! Get 2.10% interest on your savings with your motusbank savings account. That’s a great way to build your nest egg.

2.10

motusbank

0.80

BMO

1.10

Simplii

1.00

CIBC

1.10

Tangerine

1.00

RBC

1.00

Scotiabank

0.50

TD

Surprisingly easy ways to save money

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