TFSA FAQ/Rules
Answers to your most common Tax-Free Savings Account questions
WestEarner® TFSA Account
A smarter way to build for your future, tax-free
Make your money work harder and smarter with this high-interest Tax Free Savings Account (TFSA) that lets your funds grow without having to pay tax on your earnings. Withdraw or contribute funds at any time and don’t pay tax on any interest you earn. Automate your saving with the convenient automatic contribution feature.
|
Balance |
Annual Interest |
| $0 - $999.99 |
0.700% |
| $1,000 - $2,499.99 |
0.700% |
| $2,500 - $4,999.99 | 0.700% |
| $5,000 & over | 0.700% |
Effective date: 28-May-20
Minimum $50 deposit.
Interest is calculated on the daily closing balance, at the applicable rate tier and paid to the account monthly.
Posted rates available at branches only.
All rates are per annum and are subject to change without notice. For deposits greater than $100,000, please contact your branch for rates.
