January 2024 – Best TFSA interest rates in Canada - 3.60 % and $25 Bonus for a new TFSA account from Achieva Financial

Here are some of the best TFSA interest rates, as of January 2024.

TFSA contribution limit for 2024 is $7,000. The maximum amount that can be invested into a TFSA in 2024 is $95,000 (Cumulative contribution limit assuming that you have never contributed to a TFSA and you were 18 or over in 2009, when the TFSA was introduced). Unused contribution room carries over into the following year.

Achieva Financial offers 3.60% interest rate for any daily interest TFSA, RRSP, Savings Accounts. Or you can get 5.50% for 1 Year GIC, or 5.60% for a 2 year GIC. Achieva Financial has a very good reputation of constantly high interest rates (no limited promotional interest rates).

You can open the account 100% online. They have online banking services, good customer service, online chat, online secure messaging system. All deposits are 100% guaranteed.

Also you get $25 Bonus if you use Achieva Petal V879070291 and make a deposit of minimum $250. Additionally you get $1 Bonus every month for receiving your statement online. You can apply online here: https://openaccount.achieva.mb.ca/

Here are the steps to get the $25 Bonus + 3.60% interest:
1. Enroll for a new Achieva financial Account using the link  https://openaccount.achieva.mb.ca/

2. Make an initial deposit of $250. The Bonus of $25 will be deposited into your account!

Bank name	Interest Rate	Transfer fee
Wealthsimple High-interest Cash Account + TFSA investing account (Welcome Bonus $25-$100 if you use the referral code DSKMA)	4.00%	n/a
Achieva TFSA (use Achieva Petal V879070291, make a deposit of $250 and get $25 Bonus)	3.60%	no transfer fee
EQ Bank - TFSA Account ($20 Bonus)	3.00%	n/a
Tangerine Tax-Free Savings Account $25 Bonus when you use the Orange Key 34602475S1	0.70%	$50
Motive TFSA Savings Account (CWB)	3.60%	$50
Canadian Tire Financial Services TFSA	3.60%	$50
Hubert Financial (Sunova CU) - Manitoba	3.60%	$50
Access Credit Union (TFSA Variable)	3.60%	$50
Outlook Financial TFSA Savings Account	3.60%	$50
Maxa Financial TFSA Savings	3.55%	$75
Assiniboine Credit Union - MB	3.55%	$50
People’s Trust TFSA	3.40%	n/a
Alterna Bank TFSA eSavings Account	2.25%	$50
Meridian Credit Union (ON)–TFSA High Interest Savings	2.25%	$50
First Ontario Credit Union TFSA	1.75%	$50
Canadian Western Bank– westEarner TFSA Account (BC, Alberta)	1.00%	$50
CIBC TFSA Tax Advantage Savings Account	0.90%	$100
RBC Registered Savings Deposit TFSA	0.90%	$50
TD High Interest TFSA Savings Account	0.85%	$75
Scotia Tax-Free Savings Account (Savings Accelerator Account)	0.75%	$50
BMO TFSA Savings Account	0.75%	$50

 

To “reset” your TFSA contribution room if you had many withdrawals or contributions during current year:

1. Late in December 2024 you can withdraw all your TFSA deposits (do not close the account!)
2. In January 2025 you can contribute up to $102,000 without the stress of penalties (assuming that 2024 contribution room stays at $7,000).

Want to know how much you could be saving by investing in a TFSAs? Check out the Government of Canada’s TFSA calculator.

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Do you want to make a RRSP contribution? Do you want to know the Best RRSP rates in Canada? Click here for a list of the Best RRSP rates in Canada.