A true savings account, this product earns a competitive rate of interest under a Tax-Free Savings Account plan with the flexibility of accessing your funds at any time.
Features
- The flexibility to access your funds in part or in full at any time, if funds are needed or any other investment options arise.
- Eligible for CDIC deposit insurance, up to applicable limits.
- Interest is paid on every dollar in your account, and is calculated on your daily closing credit balance. Interest is paid monthly on the last business day of the month.
- Available in Canadian dollars.
- Account history is included in semi-annual or quarterly TFSA statements.
- Eligible transactions include contributions and withdrawals.
- This product cannot be linked to a debit card.
Fees
There are no fees for contributions, withdrawals or transfers.
For additional information on TFSAs, see the TFSA page.
To discuss your investment needs, qualified BMO Bank of Montreal representatives are available to help you with mutual funds and term investments. Visit your local branch for more details. | 
