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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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.
¹ Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Credential Securities is a registered mark owned by Aviso Wealth Inc.
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.