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Earn up to 2.4%* on registered savings

Kickstart your new TFSA or RRSP

Open a new registered high interest savings account and earn up to 2.4% for four months. You can’t lose! Earn a great rate on any new contributions to an RRSP or TFSA – two terrific tax-efficient ways to save.

Grab this great offer while it lasts. See terms and conditions below for more details.

Reasons to save with a TFSA

  • Your money isn’t locked away, so you can make withdrawals anytime without penalties or restrictions.
  • There’s no required minimum balance to get started, and you never have to pay monthly fees.
  • Great for emergency savings and shorter-term goals – no fees for withdrawing your money when you need it.
  • Interest or earnings inside your TFSA are tax-free.
 

Worth a mention
The TFSA contribution limit for 2021 is $6,000.

If you've never contributed to a TFSA before you can deposit a total of $75,500. Any unused TFSA contribution room rolls over from one year into the next.

Open a TFSA 
Already a member? Sign in to get started

Reasons to save with an RRSP

  • 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.
  • RRSP savings can help you buy your first home. First-time buyers can withdraw up to $35,000 (tax-free) to put toward a down payment.
 

Worth a mention
The RRSP contribution limit for 2021 is 18% of your previous year’s income, up to a maximum of $27,830.

You can carry forward RRSP contribution room that you haven’t used in prior years.

Open an RRSP 
Already a member? Sign in to get started

Compare our rate**

Yes, we stand out in a crowd. Earn 2.4% interest on a motusbank TFSA high interest savings account. A great way to save for your short or long-term goals.

2.40

motusbank

2.10

Tangerine

0.05

RBC

1.00

BMO

0.10

Simplii

0.05

Scotiabank

1.00

CIBC

0.05

TD

TFSA vs RRSP: How to get your money’s worth

TFSA vs RRSP: How to get your money’s worth

Read the article