Maximize your tax-free savings with the best TFSA rates in Canada. Compare all account types and contribution room up to $75000.
Updated March 2026 - Start earning more today
| Rank | Bank | Rate | Term | Min Deposit | Action |
|---|---|---|---|---|---|
|
🥇 #1
|
Tangerine
TFSA
|
4.5%
APY
|
Various
|
$0
|
View Details |
|
🥈 #2
|
Meridian Credit Union
TFSA
|
3.65%
APY
|
Various
|
$0
|
View Details |
|
🥉 #3
|
Simplii Financial
TFSA
|
3.3%
APY
|
Various
|
$0
|
View Details |
|
#4
|
WealthONE Bank of Canada
TFSA
|
3.1%
APY
|
Various
|
$1000
|
View Details |
|
#5
|
Saven Financial
TFSA
|
2.9%
APY
|
Various
|
$0
|
View Details |
All featured TFSAs are protected by Canada Deposit Insurance Corporation up to $100,000 per depositor.
We track rates from all major Canadian banks and credit unions to ensure you get the best returns on your money.
Our rate data is updated daily to ensure you always have access to the most current information.
Compare all available TFSA rates from Canadian financial institutions
| Bank | Product | Rate | Term | Min Deposit | Features | Action |
|---|---|---|---|---|---|---|
|
Tangerine
|
TFSA
|
4.5%
|
Flexible
|
$0
|
|
Learn More → |
|
Meridian Credit Union
|
TFSA
|
3.65%
|
Flexible
|
$0
|
|
Learn More → |
|
Simplii Financial
|
TFSA
|
3.3%
|
Flexible
|
$0
|
|
Learn More → |
|
WealthONE Bank of Canada
|
TFSA
|
3.1%
|
Flexible
|
$1000
|
|
Learn More → |
|
Saven Financial
|
TFSA
|
2.9%
|
Flexible
|
$0
|
|
Learn More → |
|
National Bank
|
TFSA
|
2.75%
|
Flexible
|
$0
|
|
Learn More → |
|
Wealthsimple
|
TFSA
|
2.75%
|
Flexible
|
$0
|
|
Learn More → |
|
Steinbach Credit Union
|
TFSA
|
2.5%
|
Flexible
|
$0
|
|
Learn More → |
|
Canadian Tire Bank
|
TFSA
|
2.4%
|
Flexible
|
$0
|
|
Learn More → |
|
Hubert Financial
|
TFSA
|
2.3%
|
Flexible
|
$0
|
|
Learn More → |
|
Tangerine Bank
|
TFSA
|
2.1%
|
Flexible
|
$0
|
|
Learn More → |
|
EQ Bank
|
TFSA
|
1.75%
|
Flexible
|
$100
|
|
Learn More → |
|
Bank of Nova Scotia
|
TFSA
|
1.5%
|
Flexible
|
$500
|
|
Learn More → |
|
TD Canada Trust
|
TFSA
|
0.5%
|
Flexible
|
$1000
|
|
Learn More → |
|
Royal Bank
|
TFSA
|
0.45%
|
Flexible
|
$500
|
|
Learn More → |
|
CIBC
|
TFSA
|
0.3%
|
Flexible
|
$1000
|
|
Learn More → |
|
Bank of Montreal
|
TFSA
|
0.25%
|
Flexible
|
$1000
|
|
Learn More → |
The best TFSA rates in Canada 2026 are currently around 4.25% to 4.75% for high-interest savings accounts and up to 5.25% for TFSA GICs. EQ Bank, Tangerine, and Simplii Financial offer some of the most competitive TFSA rates.
The TFSA contribution limit for 2026 is $7,000. The total cumulative contribution room since 2009 is now $$95,000 for those who were 18+ in 2009 and have never contributed.
TFSA savings accounts offer flexibility and liquidity with competitive rates (3-4.5%). TFSA GICs offer higher guaranteed rates (4-5.25%) but lock your money for a specific term. Choose based on your need for access to funds and risk tolerance.
Yes, you can have multiple TFSA accounts with different institutions, but your total contributions across all accounts cannot exceed your contribution limit. Having multiple accounts allows you to diversify and take advantage of different rates and features.
Over-contributing to your TFSA results in a penalty of 1% per month on the excess amount until withdrawn. The CRA tracks contributions, so it's important to monitor your contribution room carefully, especially if you have multiple accounts.
Compare all the best TFSA rates in Canada and find your perfect match.