Types of TFSAs
Use this overview to compare Tax-Free Savings Accounts (TFSAs) and choose the investment options that are right for you.
At Vancity, deposits are 100% guaranteed. Protection provided by the Credit Union Deposit Insurance Corporation of British Columbia.
| TFSA Type | Overview | Key Features |
|---|---|---|
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TFSA Jumpstart® High Interest Savings |
Earn tax-free compound interest and withdraw your money at any time, with no minimum balance required. |
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TFSA mutual funds, stocks, and bonds¹ |
Enjoy tax-free investment income while growing your wealth with any combination of mutual funds, socially responsible investments, and stocks and bonds. |
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TFSA cashable term deposit |
Get maximum flexibility with a 1-year term deposit that earns a competitive interest rate and lets you access your money at any time. |
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TFSA short term deposits |
Invest your funds for less than a year, and still earn a guaranteed rate of interest. |
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TFSA long term deposits |
If you don’t need to access your funds during the term, you’ll typically earn a higher interest rate than a flexible term deposit. |
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TFSA escalating term deposit |
This three-year investment offers an interest rate that escalates giving you the opportunity to earn more while keeping your investment safe. |
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TFSA index-linked term deposits |
Protect your investment and enjoy the potential to earn higher returns linked to stock market performance. |
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¹ Please read the Credential disclosure and mutual funds disclaimer.
²Return is subject to a maximum cap. Ask us for more details.
* The Canada Revenue Agency has developed several questions and answers to explain the new provisions related to the TFSA dollar limit.