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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Earn 2.30%* on new deposits to your TFSA Savings Account

A Tax-Free Savings Account makes sense for just about everybody:

  • It’s a flexible savings plan that allows Canadians to save and invest, tax-free
  • Contribute up to $5,500 in 2015, or more if you have available contribution room
  • It’s a great way to save for short and long term goals
  • No taxes on interest income or withdrawals

Special offer ends March 31, 2015.

TFSA Calculator
See the difference tax-free
compounding makes. View

Open a Tax-Free
Savings Account

BMO Online Banking Customers can contribute or apply online.



Talk to us in person.




*The interest rate of 2.30% is comprised of the posted interest rate of 0.75% plus a bonus interest rate of 1.55%.The posted and/or bonus interest rate may be changed at any time without notice. Current interest rates are available in BMO branches where TFSA Savings Accounts are serviced, at bmo.com/rates and by calling 1-877-225-5266. The posted interest rate applies to the entire balance in your TFSA Savings Account. The bonus interest rate only applies to the portion of the balance in your TFSA Savings Account that exceeds the closing balance as of January 5, 2015. The posted interest and the bonus interest are each calculated on the daily closing balance and payable monthly as of the last day of the month. Offer may be changed or withdrawn at any time without notice. Please speak to your tax advisor for tax advice regarding the TFSA.