FHSA Products

The First Home Savings Account (FHSA) is an exciting new registered plan that lets you save tax-free for a down payment on your first qualifying home. We offer a few different options to make the most of your savings:

Flex-Term FHSA

  • 1-year investment term
  • You can withdraw or transfer your money to a different term within your FHSA with no penalty after 30 days.
  • Get started with as little as $500.
  • Set up automatic deposits into your FHSA.
  • Interest is calculated on a per annum basis and paid annually (where applicable) or compounded annually and paid at maturity.
  • view rates

Fixed-Term FHSA

  • 1 to 5-year investment terms
  • Your money needs to stay invested for the full term.
  • Get started with as little as $500.
  • Interest is calculated on a per annum basis and paid annually (where applicable) or compounded annually and paid at maturity.
  • view rates

Escalator FHSA

  • 3 or 5-year investment terms
  • Get started with as little as $500.
  • You can withdraw or transfer your money to a different term within your FHSA on the anniversary date each year, without penalty.
  • Your interest rate increases each year.
  • Interest is calculated on a per annum basis and paid annually (where applicable) or compounded annually and paid at maturity.
  • view rates

FHSA Savings Account

  • There’s no term because it’s a cash account.
  • Get started with any amount.
  • You can withdraw or transfer your money at any time, without penalty.
  • Interest is calculated daily and paid each month.
  • view rates

Call our Contact Centre at 1.866.863.6237 or book an appointment to discuss opening a FHSA account today!