Tax-Free Savings Account TFSA*

The promotional GICs are one of those investment option who could take place in a TFSA account to help you to save with a fixe interest rate for the entire term.

For more terms and options, visit our promotional GICs page 

58-months non-redeemable
irregular term GIC1

1.65%

Make an appointment

Simple:
TFSA

Compounded:
TFSA

    

3-year Redeemable Plus GIC2

1.20%

Make an appointment

    


Click here for more information on the trust declaration

(National Bank TFSA revised conditions)

What is a TSFA?

The Tax Free Savings Account (TFSA) is an investment vehicle that enables you to build up your savings in a tax-free environment, regardless of your annual income level.

Main advantages

Tax-free savings

The investment income you earn in your TFSA is not taxable, even when you make withdrawals.

  • The income earned in the TFSA and the withdrawals made from the TFSA do not affect your eligibility for government benefits and credits (e.g. Guaranteed Income Supplement, Old Age Security Pension).

You have access to a variety of investment options: Guaranteed Investment Certificates (GICs), mutual funds and other investments eligible for self-directed accounts (brokerage accounts)1.

Flexible savings

The TFSA helps you meet your savings needs throughout your life (not only after retirement).

  • You can withdraw2 funds from your TFSA at any time for any purpose.
  • If you do not make the maximum annual contribution, your unused contribution room is carried forward to subsequent years.

Example: If you contribute $2,000 to your TFSA in 2014 and $5,000 in 2015, your contribution room for 2016 will be $14,000 ($3,500 carried forward from 2014 + $5,000 carried forward from 2015 + $5,5003 in 2016).

Contribute Now

TFSA with Guaranteed Investment Certificates (GICs)

Quick Contribution

TFSA - Cash Balance

Type

Guaranteed-capital

Investment horizon

No fixed term, transferable at any time

Risk level
Minimum investment

N/A

Return* (%)

0.750 %

CONTRIBUTE

  • Enjoy substantial leeway (funds can be transferred at any time into the investment solution that best meets your needs).
  • No administration fees.
  • To know the charges related to a TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • To know our process of notification of charge increases or the introduction of new fees, please consult the brochure to this purpose, being : General Information and Agreement, section " Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a TFSA product, please click here.
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

* Rate subject to change without notice.

Non-Redeemable GIC

RRSP and non-registered versions also available

Type

Guaranteed-capital

Investment horizon

3 months to 5 years

Risk level
Minimum investment

$500

Return (%) Term Rate Interest
3 months 0.350 % Simple CONTRIBUTE

6 months

 0.500 %

Simple

CONTRIBUTE

1 year

0.900 %

Simple

CONTRIBUTE

18 months

0.950 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

2 years

1.100 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

3 years

1.200 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

4 years

1.350 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

5 years

1.500 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

  • Interest rate is fixed for the entire term.
  • Interest paid annually or at maturity date.
  • Non-transferable.
  • Product eligible for deposit insurance from Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • To know our process of notification of charge increases or the introduction of new fees, please consult the brochure to this purpose, being : General Information and Agreement, section " Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a TFSA product, please click here.
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

Redeemable GIC

Non-registered version also available

Type

Guaranteed-capital

Investment horizon

1 year to 5 years

Risk level
Minimum investment

$500

Return (%) Term Rate Simple Interest

1 year

0.650 %

CONTRIBUTE

2 years

0.800 %

CONTRIBUTE

3 years

0.900 %

CONTRIBUTE

4 years

0.950 %

CONTRIBUTE

5 years

1.000 %

CONTRIBUTE

  • Interest rate is fixed for the entire term.
  • Interest paid annually.
  • Non-transferable.
  • Product eligible for deposit insurance from Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • To know our process of notification of charge increases or the introduction of new fees, please consult the brochure to this purpose, being : General Information and Agreement, section " Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a TFSA product, please click here.
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

 

Redeemable Plus GIC

Non-registered version also available

Type

Guaranteed-capital

Investment horizon

3 years

Risk level
Minimum investment

$500

Return (%) Term Rate Simple Interest

3 years

1.200%

CONTRIBUTE

  • Interest rate is fixed for the entire term.
  • Interest paid annually.
  • Non-transferable.
  • Product eligible for deposit insurance from Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • To know our process of notification of charge increases or the introduction of new fees, please consult the brochure to this purpose, being : General Information and Agreement, section " Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a TFSA product, please click here.
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

 

Non-redeemable irregular term GIC

Type

Guaranteed-capital

Investment horizon

15 months to 58 months

Risk level
Minimum investment

$1,000

Return (%) Term Rate Interest

15 months

 1.200 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

20 months

1.100 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

37 months

1.450 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

51 months

1.550 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

58 months

1.650 %

Simple

CONTRIBUTE

Compounded

CONTRIBUTE

  • Interest rate is fixed for the entire term.
  • Interest paid annually.
  • Non-transferable.
  • Product eligible for deposit insurance from Canada Deposit Insurance Corporation (CDIC).
  • To know the charges related to a TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • To know our process of notification of charge increases or the introduction of new fees, please consult the brochure to this purpose, being : General Information and Agreement, section " Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a TFSA product, please click here.
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.
     

Non-redeemable Escalarater GIC

Investment horizon

3 years

5 years

Type

Guaranteed-capital

Guaranteed-capital

Risk level
Minimum investment

$ 500

$ 500

Average rate

1.199 %

1.398 %

Return (%) Terme Rate Terme Rate

1st year

0.700 %

1st year

0.500 %

2nd year

1.000 %

2nd year

1.150 %

3rd year

1.900 %

3rd year

1.250 %

   

4th year

1.550 %

   

5th year

2.550 %

 

CONTRIBUTE

CONTRIBUTE

  • The interest rate increases each year.
  • Stable, predictable income.
  • Available with compounded-interest only.
  • Non-transferable and non-redeemable until maturity.
  • Not available in redeemable version.
  • Product eligible for deposit insurance offered by Canada Deposit Insurance Corporation(CDIC).
  • To know the charges related to a TFSA, please consult the brochure to this purpose, being: Fees - Your Guide to Personal banking Solutions, section "Registered Plans".
  • To know our process of notification of charge increases or the introduction of new fees, please consult the brochure to this purpose, being : General Information and Agreement, section " Notice of Changes to Fees Listed in Your Guide to Personal Banking Solutions".
  • To know our process in dealing with complaints relating to the processing of charges for a TFSA product, please click here.
  • To be able to contribute, you need a National Bank account. To open an account, please visit one of our branches.

Variable-yield GICs

RRSP and non-registered versions also available

Please visit one of our branches or contact our National Bank Investments Advisory Service at 1-888-270-3941 or 514-871-2082.

Self-Directed TFSA

National Bank Mutual Funds, Stocks, GICs, Bonds, etc. (from National Bank Direct Brokerage)

With a Self-Directed TFSA account:

  • you can have a wide variety of investments,
  • equities, GICs, bonds, National Bank mutual funds, and other investments are eligible under the Income Tax Act.

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