TFSAs
AcceleRate Tax-Free Savings Accounts
Shield your investment interest earnings, keep more for yourself.
An AcceleRate Tax-Free Savings Account (TFSA) is a great way to put away some extra cash, supplement your retirement savings or save while you’re in retirement. TFSAs were introduced in 2009 to give Canadians a way to save throughout their lifetime without being taxed on earned interest.
Key Benefits
- Interest earned is not taxable.
- No maintenance fees.
- 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.
- Available as a variable savings account or as a fixed-term GIC.
Why choose an AcceleRate TFSA?
You can find information about TFSAs, including detailed guides for individuals, on the Government of Canada’s TFSA page.
You are generally eligible for a TFSA if you’re the age of majority in your province and have a valid social insurance number (SIN).
The maximum amount that you can contribute to your TFSA is limited by your TFSA contribution room. Learn more about contribution room on the Government of Canada’s website.
The TFSA allows you the freedom to take out your funds at any time for whatever you need, without being taxed and you can re-contribute them the following year.
Which AcceleRate TFSA is right for me?

AcceleRate Financial offers two TFSA investment options: the Accelerate Variable TFSA or the Accelerate TFSA GIC. With AcceleRate Financial, you can either save with our variable daily interest option, or invest in a Guaranteed Investment Certificate (GIC) to receive guaranteed higher rates of return for a predetermined amount of time.
Variable TFSA
The AcceleRate Variable TFSA gives you the flexibility of our high interest savings offering, but your interest will not need to be declared as income. This is also a great option to start saving to reach the $1,000 minimum to invest into our tax-free GIC.
- Interest calculated daily, paid monthly.
- 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.
- Start earning interest on the day the deposit is made.
- No minimum balance required.
- No length of time the funds must be on deposit.
- No monthly maintenance fees.
- Funds may be withdrawn at any time.
AcceleRate GIC TFSA
With an AcceleRate TFSA GIC, you can choose a term between one and seven years. This makes the GIC a great option if you have specific goal you’re saving for, such as a down payment, vehicle or vacation, or if you just want to earn a great return over the long term.
- 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.
- Terms available from one to seven years.
- Minimum deposit of only $1,000.
- Term not redeemable prior to maturity.
- Interest compounded annually.
- 14-day rate guarantee for new money mailed to AcceleRate Financial or on renewal of maturing AcceleRate GICs.
- Principal and interest will automatically renew upon maturity, unless otherwise instructed.
- 30-day rate guarantees for transfers from other financial institutions.