High interest savings account or tax-free savings account?

Question

Other than the difference in terms of an account being taxable or not, what are other differences between the two? Can a TFSA earn high interest as well?

Answer 1

Best Answer - Chosen by Voters

On CDs you can get up to 5% taxable savings. At least that is what my credit union is paying.. Go to bankrate.com for saving and CD rates throughout US, Sometimes your local credit union isn't listed so check them out.

Source(s):

satisfied credit union member for 32 years.

Answer 2

there are NO HIGH interest yielding savings accounts to be had right now