sascu TFSA
this credit union TFSA at 2.6%: tax-free interest on savings, GICs, and registered advantage for every member.
The Banking Essentials: TFSA
- The this credit union TFSA pays the same 2.6% as high-interest savings, but gains are tax-free.
- 2026 contribution room is $7,000 plus any unused room from earlier years.
- TFSA savings and GICs can both be held in the same the platform room.
- You can open a sascu TFSA online in 5 minutes.
How a TFSA Works
Contributions are after-tax, but interest, dividends and withdrawals are tax-free forever.
Inside the registered wrapper, every cent of growth is yours: no tax on interest from a TFSA savings account, no tax on GIC gains. When you withdraw, the withdrawn room is added back next year.
The CRA sets annual limits. The 2026 room is $7,000; unused room is cumulative. The full product and rate board is on the rates page.
sascu TFSA Products
TFSA savings at 2.6%, TFSA GICs (1-5 years), and TFSA term products are all available.
the platform carries three TFSA products: savings at 2.6%, GICs at 3.4% to 3.9% depending on term, and a lower-risk term deposit. All of them are eligible for deposit insurance via CUDIC.
Moving money between them inside the TFSA causes no tax, and transfers between institutions are arranged by us – you sign, we move.
| Product | Rate | Term | Min deposit |
|---|---|---|---|
| TFSA savings | 2.60% | Instant access | $100 |
| TFSA GIC 1-yr | 3.40% | 12 months | $500 |
| TFSA GIC 3-yr | 3.85% | 36 months | $500 |
Open Your sascu TFSA
Opening takes about 5 minutes online with your SIN and ID.
You will need a social insurance number and ID. Sign in to online banking, choose TFSA, and transfer funds from your chequing. Any remaining contribution room is displayed after signing in.
For registered account paperwork, see the document list in the account checklist.
Key facts at a glance
Four numbers decide most of this decision, and one caveat should always be kept in view.
- Rate: 2.60%.
- Room 2026: $7,000.
- Setup time: 5 min.
The rates above do NOT apply to TFSA GICs held in a spousal plan, which follow the plan agreement rules. We tried a one-page TFSA explainer first; the questions kept coming, so this page now carries the full contribution math.
The official methodology is detailed in the sascu overview.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
If two pages decide this decision, the second one is the fee schedule: three lines determine 90% of the annual difference, and the routing number and support number belong in the same notebook on the same day.
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