| ACCOUNT FEATURES |
| Savings Account Rate |
1.30%* |
| GIC Rate of Interest |
Refer to cffbank.ca for our latest rates |
| Access |
Withdraw funds whenever you need from the Savings Section (some restrictions apply) |
| Fees |
No Fees |
| • Subject to withdrawal and contribution rules set by Canada Revenue Agency, which are particular to TFSA. |
| QUALIFYING DETAILS |
| Savings Account Minimum Deposit |
None |
| GIC Minimum Deposit |
$1,000.00 |
• Subject to annual deposit limits set by Canada Revenue Agency – currently $5,500 (for 2014)
• Individual contribution capacity depends on deposits made (or not) in prior year |
| ACCOUNT BENEFITS |
| Accumulate money by lump-sum deposits up to your individual contribution limit |
| Automatic Savings Plan with pre-authorized transfers (weekly, bi-weekly, or monthly) |
| Lock-in investments (as GICs) for maximum return or keep funds available in the Savings section |
| Very competitive rates – as good as or better than “high interest savings accounts” |
| Unused deposit capacity can be carried forward to subsequent years (e.g. skip a year…) |
| Investment eligible for CDIC coverage |
| TOP REASONS TO OFFER A TAX FREE SAVINGS ACCOUNT WITH CFF BANK |
| 1. A core part of any investment plan |
| 2. Interest earned is NEVER taxed, making your savings grow faster |
| 3. Easy to accumulate savings for short-term needs (ie: down payment on a home, vacation) |
| 4. Accumulate savings for longer term investments (ie: retirement income, child’s education) |
| 5. Investment choices include: 1 to 5 year GICs and Savings option |
| 6. Easy to get started with Automatic Savings Plan |
| 7. Up to $31,500 in available contribution room |
