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Earn More. Pay Nothing.

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  • Savings Accounts
5.25%
Promotional interest rate
$0
Monthly account fees — ever
CDIC
Up to $100,000 insured per category
Free
Unlimited Interac e-Transfers
Overview

Your savings deserve
a better return.

At Tangerine Capital, we believe Canadians shouldn't have to choose between accessibility and growth. Our high-interest savings accounts offer some of Canada's most competitive rates — with no minimum balance, no monthly fees, and your money available whenever you need it.

  • Up to 5.25% promotional APY New clients enjoy an elevated rate for the first 6 months — automatically applied, no code needed.
  • Interest calculated daily, paid monthly Every day your balance earns — so your interest compounds faster and harder for you.
  • Full mobile & online access, 24/7 Deposit cheques, set automated savings rules, and track goals from the Tangerine app.
  • CDIC-insured up to $100,000 per category Your deposits are protected by the Canada Deposit Insurance Corporation.
Open a Savings Account View current rates
Promotional Rate — New Clients
5.25% APY
Applied automatically for 5 months on new savings accounts. No promo code, no catch. Reverts to our everyday rate of 2.10% thereafter.
  • No minimum opening deposit required
  • No monthly fees — not even fine-print ones
  • Unlimited free transfers to your chequing
  • Automated savings rules and goal tracking
  • Interest calculated daily, credited monthly
  • Available as TFSA, RSP, or non-registered
CDIC Member. Deposits eligible for protection up to $100,000 per insured category.
Account Types

Choose the Right Savings Account for You

Whether you're saving for a goal, sheltering tax, or building retirement wealth — we have an account designed for it.

Features

Built for How Canadians Actually Save

Every feature is designed to help you save more, with less effort and zero hidden charges.

High Interest Rates

Earn up to 5.25% APY on your everyday balance — one of Canada's highest rates with no catches and no fees eating into your return.

Automated Savings Rules

Set it and forget it. Automatically move money to savings when you get paid, round up purchases, or hit a spending threshold.

Real-Time SMS Alerts

Get instant notifications on every deposit, withdrawal, and interest payment. Stay on top of your balance without logging in.

CDIC Deposit Insurance

As a CDIC member institution, your eligible deposits are insured up to $100,000 per insured category — separately from your other accounts.

Mobile Cheque Deposit

Snap a photo of any cheque and deposit it instantly from the Tangerine app. Funds are typically available by the next business day.

24/7 Online Banking

Your account never closes. Manage transfers, check balances, update savings goals, and download statements any time of day or night.

Current Rates

Transparent Rates. No Surprises.

All rates shown are annual. Interest is calculated daily on your closing balance and credited to your account on the last day of each month.

Savings Account Interest Rates

Rates effective as of January 2025
Account Type Everyday Rate Promotional Rate Monthly Fee Min. Balance
High-Interest Savings
Non-registered, fully accessible 		2.10% 5.25%New Clients $0.00 None
TFSA Savings Account
Tax-free growth & withdrawals 		3.00% — $0.00 None
RSP Savings Account
Tax-deferred retirement savings 		3.00% — $0.00 None
US Dollar Savings
Hold & earn in USD 		1.25% — $0.00 None
Rates are variable and may change at any time. Promotional rate applies to the first $1,000,000 deposited for 5 months for new clients. Interest calculated on daily closing balance.
How It Works

Open Your Account in Under 5 Minutes

No branch visit required. The entire process is done online — from identity verification to your first deposit.

01

Verify Your Identity

Complete a quick digital ID check — your government-issued ID and a selfie is all you need. Typically takes under 2 minutes.

02

Complete the Application

Fill in your personal details, choose your account type (HISA, TFSA, or RSP), and agree to the account terms securely online.

03

Instant Account Approval

Most applications are approved immediately. You'll receive your account number and online banking access by email within minutes.

04

Make Your First Deposit

Fund your account via Interac e-Transfer or direct deposit from another bank. Your promotional rate starts the moment funds arrive.

Ready to start earning more? Opening a Tangerine Savings Account takes less time than a coffee break.

Get Started Now
Required Documents

What You'll Need to Apply

The application is entirely paperless. Have these items ready before you start and you'll be done in minutes.

Government-Issued Photo ID Driver's licence, passport, or provincial ID card
Social Insurance Number Required for all interest-bearing accounts in Canada
Proof of Address Utility bill or bank statement, dated within 90 days
Quick Selfie Verification A short video or photo taken at the time of application
Valid Email Address Used for account confirmation and secure statements
Canadian Mobile Number For two-factor authentication and SMS alerts
Applicants must be a Canadian resident and the age of majority in their province. Non-residents may be subject to additional documentation requirements.

Eligibility Criteria

  • Age of Majority Must be at least 18 years old (19 in British Columbia, New Brunswick, Newfoundland, Nova Scotia, Northwest Territories, Nunavut, and Yukon).
  • Canadian Residency Must be a Canadian resident with a valid Canadian address. Non-residents holding a valid work or study permit are also eligible.
  • No Minimum Income Required We don't require a minimum salary or income to open a savings account. Your account starts earning from day one regardless of balance.
  • TFSA Eligibility (Additional) Must be a Canadian resident with a valid SIN who is 18 or older. US persons may have additional reporting obligations — consult your tax advisor.

Start earning 5.25% today —
it takes less than 5 minutes.

No branch visit. No paperwork. No fees. Just a better rate on your savings, starting right now.

Open an Account Explore Chequing ›

Secure, smart banking designed around you. Grow your savings, manage your spending, and invest with confidence — all in one place.

Mon–Fri: 9am–5pm  •  Sat: 9am–2pm
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