Notice: We are currently experiencing technical issues and our phone lines are down at this time. We apologize for any inconvenience and appreciate your cooperation. In the meantime, please contact us by emailing [email protected]
Attention: Nous éprouvons actuellement des difficultés techniques, et nos lignes téléphoniques sont en panne. Nous regrettons tout inconvénient que cela pourrait vous causer et vous remercions de votre coopération. En attendant, veuillez nous contacter par courriel à [email protected]
High Interest Savings Accounts
At Peoples Trust, you have two excellent options when it comes to choosing a High Interest Savings Account.
Both offer competitive interest rates, and are eligible for deposit insurance provided by the Canada Deposit Insurance Corporation (CDIC).
Three Differences between the TFSA and the e-Savings Accounts:
- All income earned within a TFSA is tax free whereas interest earned within an e-Savings account is taxable.
- A TFSA has a contribution limit, and re-contribution limits as well, whereas the e-Savings account has none.
- A TFSA is a registered account (with tax benefits) whereas an e-Savings account is an online savings account (with no contribution limits).
