Notice: Due to a scheduled system maintenance, historic statements from online banking will be unavailable between 12:00 am – 06:00 am ET (9:00 pm – 03:00 am PT) on Sunday, February 23rd, 2025. We apologize for any inconvenience.
Attention: En raison d’une maintenance programmée du système, les relevés passés des services bancaires en ligne ne seront pas disponibles entre Minuit et 06h00 HE (21h00 et 03h00 HP) le dimanche 23 Février 2025. Nous sommes désolés des inconvénients.
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).
