Mackenzie TFSA High Interest Cash Builder
High Interest. Flexible. Secure
A savings account designed specifically for the Tax-Free Savings Account (TFSA), the Mackenzie TFSA High Interest Cash Builder features a premium rate of interest, capital protection, no minimum deposit and no account fees. It’s a safe and worry-free way to save. And because it’s held in a TFSA, your money grows faster, since interest earned in your plan is not taxed – ever.
Key Features
Premium interest rate
- Earn a higher rate of interest than most bank accounts and many short-term GICs
- Interest calculated daily on the closing balance and paid monthly
Eligible for CDIC Insurance
- The Mackenzie TFSA High Interest Cash Builder is eligible for deposit insurance from the Canada Deposit Insurance Corporation (CDIC), subject to maximum coverage limitations
No account fees
- No monthly fees or fees to deposit or withdraw funds
No minimum deposit or account balance requirement
- You earn the same high rate on every dollar deposited, regardless of your balance
Flexible
- Unlike most GICs, which require you to hold the GIC for a specified time to receive the stated rate, your Mackenzie TFSA High Interest Cash Builder is withdrawable at any time without penalty
How it works
Interest earned is based on posted rates, which will change from time to time without notice.
Interest is credited at the beginning of the month for the previous month’s balances and is based on your clients’ daily closing balances. For current rate information click here.
The Mackenzie TFSA High Interest Cash Builder may be a good choice for you if:
- You are looking for a guaranteed investment with a competitive rate for your TFSA
- You are looking for a place to temporarily invest your money while you
decide which Mackenzie fund to purchase for your TFSA
| Fund Codes |
Front End |
| Series A |
2922 |
| Series F |
2923 |
| Important: The Mackenzie TFSA High Interest Cash Builder is offered by M.R.S. Trust Company (MRS Trust), a federally regulated trust company and a subsidiary of Mackenzie Financial Corporation. MRS Trust guarantees and is solely responsible for repayment of Mackenzie TFSA High Interest Cash Builder. MRS Trust is a member of the Canada Deposit Insurance Corporation (www.cdic.ca). The interest earned will be based upon posted rates, which will change from time to time without notice. |