Notice: Due to a planned system upgrade, online banking will be unavailable between the hours of approximately 1:00 am – 7:00 am PT (3:00 am - 10:00 am ET) on Sunday July 28, 2024. We apologize for any inconvenience.
Attention: En raison d'une mise à jour du système, les services bancaires en ligne seront inaccessibles le Dimanche 28 Juillet 2024 entre 01 h 00 et 07 h 00 heure du Pacifique (03 h 00 et 10 h 00 heure de l'Est). Nous sommes désolés pour ce désagrément.
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).
