Get an account that gives you daily interest, tax-free

CIBC TFSA Tax Advantage Savings Account®

Earn RDS%rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)% + %rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Bonus,1,1)(#O2#)% interest^† for an extended time
Access your money anytime
Set up recurring deposits to grow your savings faster

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Reach your savings goals faster

Grow your money tax-free

Tax-free interest is calculated on your full daily closing balance and is paid monthly.

Hassle-free deposits

Set up a recurring transfer into your account for a faster, more convenient way to save.¹ Money transfers from another CIBC personal bank account are free.

Contribute to your TFSA for life

Unlike a Registered Retirement Savings Plan (RRSP), you don’t have to close your TFSA at a set age. Plus, your unused TFSA contribution room doesn’t disappear in a year; you can carry it forward as long as you live.²

Access your money any time, for any reason

Make tax-free withdrawals³. You can re-contribute the amount you’ve withdrawn next year or later.

Tax free savings accounts at a glance

About the account

Interest rate^†:

RDS%rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Balance,1,1)(#O2#)% + %rate[4].TASATF.Published(null,5000.0_-_24999.99_CAD_Bonus,1,1)(#O2#)%

Monthly Fees⁴:

None

Minimum investment:

$25

2023 TFSA dollar limit:

$6,500

How do I qualify?

You must live in Canada, be age 18 or older and have a valid Social Insurance Number (SIN) to open a TFSA. Contribution room accumulates beginning in the year in which you turn 18.