Tax-Free Saver Account
All the interest without any of the taxes
Earn premium interest
Save your money in a high interest rate account that grows your savings tax-free. Any interest earned won't be taxed when withdrawn.
No minimum balance required
Invest annually, based on your contribution limit, and access your funds at any time.
No upper age limit
The Tax-Free Saver Account is open to anyone 18 years of age or older with a valid Canadian social insurance number (SIN).
Key product details
| Interest earned | See current rates |
| Fees | No fees |
| Minimum balance | No minimum balance |
| Minimum monthly contribution | $0 ($25 recommended)2 |
| Cashable | Yes |
Frequently Asked Questions
A Tax-Free Saver Account is a way to accumulate money, over a period of time, and contribute to your government-registered Tax-Free Savings Account (TFSA). The interest you earn on your saved money is tax free.
A Tax-Free Savings Account (TFSA) is a government program designed to help individuals save money tax-free throughout their lifetime. Individuals (Canadian residents 18 years of age or older with a valid Social Insurance Number) are allowed to deposit a set amount3.
An ATB Tax-Free Saver Account acts as a cash account portion within a TFSA. It can help you save money on a regular basis. Then, if you wish, you can deposit those funds into investments like GICs to get the maximum benefit each tax year.
Unfortunately the Tax-Free Saver Account can only be held as an individual account. As the sole account holder, only you can make contributions, withdrawals and decide how to invest the funds.
You cannot make contributions on behalf of other individuals, but you can give others, such as your spouse or common-law partner, money to contribute towards their own Tax-Free Saver Account.
You can withdraw funds from your ATB Tax-Free Saver Account at any time.
When it comes to replacing the funds that you have withdrawn this calendar year, you can only replace all (or a portion of) those funds in the same calendar year if you have remaining contribution room. Otherwise you will have to wait until the next calendar year when the contribution room is re-calculated.
Ready to get started?
Open an ATB Tax-Free Saver Account that pays premium interest and grows your savings tax-free.
Find the right tax-free savings investment for you.
Invest outside the brackets
Tax-Free Saver Account
Earn tax-free interest on your total balance. Contribute up to $7,000 annually and withdraw your money at any time. No minimum balance.
Invest for a set term
Non-Redeemable GIC
An investment with set terms and guaranteed returns. 'Non-redeemable' just means more time for your money to earn interest.
Invest by the year
Springboard GIC®
A Guaranteed Investment Certificate with flexible terms. Cashable annually, so you decide how long to make your money work for you.
Invest with more access
Personal Cashable GIC
Invest for a 1-year term. No penalty if you need to withdraw early with a partial rate of return on withdrawals made after 30 days.
Invest with mutual funds
Compass™ Portfolio Series
Access exclusive, award-winning portfolios. Choose from a range of funds to maximize your investment savings in a TFSA.
We recommend that you set up regular pre-authorized transfers (PAT) to help build your savings. The minimum amount for a PAT is $25. Remember, a little goes a long way when it comes to savings.
The $7,000 TFSA annual contribution limit is effective January 1, 2024. Check out TFSA contribution limits to see what you qualify for. Keep in mind, How much you can contribute also depends on when you turned 18.