Tangerine Bank 2016 TFSA Kick Start $10,000 & DoubleInterest

[Shwa Girl]

https://www.tangerine.ca/en/saving/s...6TFSAkickstart

Current TFSA interest is 1.05% so 2016 TFSA Kickstart rate will be 2.1%

BUT there was a prmotion for 2015 TFSA for 2.1%

From Tangerine website

How it works:

Open a 2016 TFSA Kick Start Account and earn 1.05% interest on the money you save there. The TFSA Kick Start Account is not a registered tax-free savings account, but will enable you to put money aside for your 2016 TFSA contribution. Here's what will happen:

1. On January 1, 2016, we'll take the total amount of interest you've earned in your TFSA Kick Start Account, and we'll give you a Bonus^† matching that amount! Since the most you can put in a TFSA for the year - without getting penalized - is $10,000, any interest you earn that puts your Kick Start Account balance above $10,000 will be deposited into your Tangerine Savings Account. If you don't already have a Tangerine Savings Account, we'll open one up for you automatically.
2. On January 1, 2016, we'll deposit the 2016 contribution saved up in your 2016 TFSA Kick Start Account (up to $10,000) into your Tangerine Tax-Free Savings Account, registered with the Canada Revenue Agency**.

Remember, the money you deposit into your TFSA Kick Start Account will go towards your 2016 TFSA contribution. It will be kept separate from your current TFSA until January 1, 2016 to make sure it doesn't get counted as a 2015 contribution.

CRA website updated

*The proposed measure increasing this limit is subject to parliamentary approval. Consistent with its standard practice, the CRA is administering this measure on the basis of the Budget announcement. Financial institutions may immediately allow existing and new account holders to contribute up to the proposed maximum. Date modified: 2015-04-24