Would you rather earn regular interest or double your interest? I’d assume you’re going to choose double the interest. Which is perfect, because with Tangerine’s 2015 TFSA Kick Start Account, you can start saving for your 2015 TFSA contribution and earn double the interest today!
Are you a super saver who has already reached your contribution limit for 2014? Good news – you don’t have to wait until next year to set aside money for tax-free savings. The TFSA Kick Start Account is not a registered tax-free savings account, so it doesn’t count towards your contribute limit! It will enable you to put money aside for your 2015 TFSA contribution without going over your 2014 contribution limit.
Here’s how your 2015 TFSA Kick Start Account works:
Open a 2015 TFSA Kick Start Account between now and December 31, 2014 and earn 1.30% interest on your 2015 contribution up to a maximum of $5,500.
On January 1, 2015, you’ll get a Bonus payment equal to the amount of interest your TFSA Kick Start Account earns between now and December 31, 2014. You’ll earn double the interest – 2.60%, which should be more than enough to cover the taxes! The money in your 2015 TFSA Kick Start Account (up to $5,500) will be transferred to your Tax-Free Savings Account, where it will continue to grow tax-free. If you don’t already have a Tangerine Tax-Free Savings Account, Tangerine will open one up for you automatically.
Earn $170 in Bonuses
Are you a new client at Tangerine? Earn a $50 referral bonus and $120 in additional bonuses when you open an account with at least $100 at Tangerine using my Orange Key: 14029914S1
Open a 2015 TFSA Kick Start Account in 3 Easy Steps:
- Visit Tangerine: 2015 TFSA Kick Start Account
- Click on “Continue to open my account” and select “No, sign me up”
- Fill in your information. Under “ A few more details” enter my Orange Key: 14029914S1 to receive your $50 bonus on top of double interest!
Sean Cooper is the bestselling author of the book, Burn Your Mortgage: The Simple, Powerful Path to Financial Freedom for Canadians, available now on Amazon and at Chapters, Indigo and major bookstores, and as an Audiobook on Amazon, Audible and iTunes.