in the 2008 federal budget, the government of canada announced the creation of a new tax-free savings account (tfsa). beginning in 2009, individuals residing in canada, who are 18 years of age and older, can contribute up to $5000 per everbank also has a savings account that offers a nice 4.76% apy for the first 3 months, and then 3.51% apy afterwards. not bad, considering even the non-special rate is very competitive. i guess that is why they call it the yield Savings Accaunt bankbank.com tax-frer savings accaunt (tfsa) Home