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Grow your savings and get a high interest rate regardless of balance.
Earn tax-free interest on every dollar you invest.
Enjoy a great rate while saving for retirement. No monthly account fees.
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 $7,000, the TFSA dollar limit for 2024. Withdrawals are tax-free too.
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.
Yes, we’ve got game! Get 2.50% interest on your savings with your motusbank savings account. That’s a great way to build your nest egg.
** Interest is calculated on the closing daily balance and is paid monthly. Rates are provided for information purposes only and are subject to change at any time.
1Transactions include; transfers between accounts, Interac Corp. Direct Payment purchases, ABM withdrawals and cheques performed by you via online or mobile banking or, our Member Service team (where applicable).
2Competitive rates shown are for posted rates on comparable savings accounts on respective websites as of September 2023
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