tax free savings > Tax Free high interest savings

Tax Free High Interest Savings

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  • All products CDIC eligible
  • 24/7 customer service
  • Online security promise
  • No minimums

Tax Free High Interest Savings Account

Save more by earning tax free interest on savings deposits, year after year.

  • Contribute up to $5,000 annually, plus the previous year's unused limit and withdrawals
  • Get one of the highest rates in the country
  • Daily compounded interest for maximum earnings
  • CDIC eligible Maximize your coverage
  • 18 years or older to open
  • Your variable rate will go into effect when you make your opening deposit. Rates are subject to change.

The Ally difference


We offer high savings rates for every size deposit. Others save their best rates for their biggest deposits.

We don't require minimum balances. Some charge a fee if your balance dips too low.

We work to keep our savings rates high. Others tempt new customers with promotional rates.

We grow your money faster by compounding interest daily. Many compound monthly, quarterly, or even annually.