Canadian Tire Tax Free High Interest Savings Account (TFSA)
Monthly Fee
$0
Promotional interest
Not specified
Welcome OfferEarn 2.40% tax-free in a TFSA, with no monthly fees and no minimums.
Earn 2.40% tax-free in a TFSA, with no monthly fees and no minimums.
Account Overview
The Canadian Tire Tax Free High Interest Savings Account grows your savings at 2.40%, tax-free, with no monthly fees and no minimums.
- Interest calculated daily and paid monthly
- Withdraw anytime; withdrawn amounts become contribution room again the following year
- Successor holder or beneficiary designation available (except in Nunavut)
- Deposits protected by CDIC up to applicable limits
Note: Canadian Tire Bank deposit products are not available to residents of Quebec.
Offer & conditions
Earn 2.40% tax-free in a TFSA, with no monthly fees and no minimums.
Pros & Cons
Pros
- No monthly fee
- Competitive interest rate (2.4%)
- E-statements available
Cons
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Account Features
- E-StatementIncluded
- Included transactionsNot specified
- Unlimited Interac e-TransfersNot specified
Terms and conditions
- 2.40% annual interest rate*, tax-free
- No monthly fees
- No minimum deposit or balance
- No lock-in period: withdraw anytime
- Transfers online or by phone
- $50 fee to transfer the TFSA to another financial institution
- Individual TFSA only (no joint accounts)
Eligibility: you must be a resident of Canada (outside Quebec), have reached the age of majority in your province or territory and provide your Social Insurance Number (SIN). You apply online or by phone, then return the Direct Transfer Authorization form that links the account to an external bank account.
Note: Canadian Tire Bank deposit products are not available to residents of Quebec.
Related Accounts
*Annual rate as of October 17, 2026, subject to change without notice. Interest is calculated daily on the closing balance and paid monthly. Deposits are eligible for CDIC coverage up to $100,000. Source: Canadian Tire Bank.
Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 Canadian Tire Bank. All trademarks are property of their respective owners.