Becoming a Member
Who should get this account?
Ideal for those who want to set money aside for various projects. The TFSA Savings Account gives you the flexibility of making tax-free withdrawals at any time. This account combines flexibility and good returns, and the rate varies with the balance maintained in the account.
You first have to register for a Tax-Free Savings Account issued and administered by Desjardins Trust and you need a chequing account to open a TFSA Savings Account.
Features
| Transactions |
Deposits1, withdrawals, transfers permitted at all times. No minimum amount required. |
| Periodic Investment Plan |
Make automatic transfers into your account. You decide how much and how often (minimum of $25 per transfer). |
| Interest |
Paid monthly and non-taxable. |
| Monthly fees |
No fees. |
| Account statement |
Monthly statement of account included in the chequing account statement you receive by mail or online.
Find out more about monthly statements of accounts. |
| Other |
Savings-Life Insurance available.
Find out more about Savings-Life Insurance.
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1.Maximum annual contribution: $5,000 in 2009; then, indexed to the inflation rate and rounded to the nearest $500 on a yearly basis.
