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Tangerine
Savings account

Tangerine Savings Account

Tangerine
Best for

Reliable online banking with frequent promotional offers for new deposits.

Promotional rate
4.5%
Ongoing rate
0.3%
Monthly fee
None
Minimum balance
None

Promo rates are usually offered to new clients or on new deposits; the ongoing rate is 0.30%.

Rate verified August 3, 2026 · confirm with Tangerine before applying.

What this account could grow to

Pre-filled with the ongoing rate of 0.3%. Promotional rates don't last, so the ongoing figure is the honest basis for a long-term projection.

0.3%
5 yrs
Future value
$25,262
You put in
$25,000
Interest earned
$262
Growth over time
Yr 1
$13,034
Yr 2
$16,077
Yr 3
$19,130
Yr 4
$22,191
Yr 5
$25,262
Contributions Interest

Run the numbers

Compound interest calculator

Project what this balance becomes over time.

Inflation calculator

Check the rate is actually beating inflation.

TFSA contribution room

Hold it in a TFSA and the interest is tax-free.

GIC calculator

Compare against locking the money in instead.

Frequently asked questions

What interest rate does the Tangerine Savings Account pay?

It pays a promotional 4.5%, then reverts to 0.3%. Promotional rates are the headline, but the ongoing rate is what matters if you're leaving money there long term.

Are there fees or minimums on the Tangerine Savings Account?

There's no monthly fee, and no minimum balance is required. Deposits are CDIC insured up to the applicable limits.

How current is this rate?

We last verified it on August 3, 2026. Rates on deposit accounts move frequently, so confirm the current figure with Tangerine before you apply.

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Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“Tangerine Savings Account.” VaultNerd, https://www.vaultnerd.com/ca/savings-accounts/tangerine-savings, updated August 2026.

Sources
  • Tangerine published product and rate pages
  • VaultNerd products database