TFSA FAQ/Rules
Answers to your most common Tax-Free Savings Account questions
WestEarner® TFSA Account
WestEarner® TFSA Account
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.
Rates
|
Balance |
Annual Interest |
| $0 - $999.99 |
0.50% |
| $1,000 - $2,499.99 |
0.50% |
| $2,500 - $4,999.99 | 0.50% |
| $5,000 & over | 0.50% |
Effective date: 20-May-2025
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 banking centres only.
All rates are per annum and are subject to change without notice. For deposits greater than $100,000, please contact your banking centres for rates.
Complementary Product
The Apex® all-inclusive chequing account
Reach your financial peak with an everyday account that makes your banking smarter and easier. Enjoy a complete suite of banking services with the convenience of a single, low monthly fee. This all-inclusive account lets you send money for free using Interac e-Transfer® and offers unlimited transactions so you can keep climbing towards your goals without the weight of excess fees.
Effective March 1st, 2025, the following CDIC member institutions have amalgamated: Canadian Western Bank (CWB) and National Bank of Canada (NBC). Upon the amalgamation of these entities, eligible deposits held at CWB migrated to NBC. Click the CDIC logo for more detailed information.