The high savings rate and benefits of our Daily Interest Savings Account, plus earn interest tax-free.
The TFSA Savings Account combines the high interest rate and flexibility of our regular Daily Interest Savings Account, with all the tax benefits of a TFSA.
With a TFSA, your savings and interest are tax-free, while in your TFSA Account and also when you withdraw. However, unlike an RRSP, you do not receive a taxable receipt for TFSA contributions. A maximum annual contribution limit is set each year and is cumulative, meaning you can contribute to your TFSA up to your cumulative contribution amount.
Achieva's TFSA Savings Account has no minimum balance and contributions can be made at any time throughout the year, making it ideal for regular, frequent deposits to your tax-free savings.
To make regular contributions even easier, set up a pre-authorized contribution plan, transferring funds automatically to your Achieva TFSA Savings Account.
All deposits guaranteed without limit by the Deposit Guarantee Corporation of Manitoba.
Interest is calculated on daily closing balance and paid monthly.
Previous annual limits were: $6,000 in 2022, $6,000 in 2021, 2020 and 2019, $5,500 in 2018, 2017 and 2016, $10,000 in 2015, $5,500 in 2014 and 2013 and $5,000 between 2012 and 2009.
At Achieva, we keep our Daily Interest Savings rate consistently among the highest in Canada – without using promotional or teaser rates. And there is no monthly account fee.
All deposits guaranteed without limit by the Deposit Guarantee Corporation of Manitoba.
