FinviloCIBC
CIBC Savings
A savings option within a first home savings account that earns interest on contributions and permits access to funds.
- Monthly fee
- $0
FHSA
Part of Registered and Retirement Accounts
Choose a registered account by its purpose, eligibility and contribution rules before comparing providers. An account's tax treatment is separate from the investments held inside it.
Compare the 3 listed products below. Open a product for its terms and source links. Missing terms are not confirmed.
Desjardins
FHSA – Savings Account
A first-home savings account with tax-deductible contributions and tax-free qualifying home-purchase withdrawals.
- Savings interest rate
- 2.00%
EQ Bank
First Home Savings Account (FHSA)
A registered cash savings option for a first home, with tax-deductible contributions and tax-free qualifying withdrawals. It is not available in Quebec.
- Savings interest rate
- 1.50%
What to check before choosing fhsa
Your goal
Distinguish retirement, first-home and education saving needs.
Personal eligibility
Verify contribution room, residency rules and withdrawal conditions.
Provider costs
Compare administration, investment and transfer fees, plus available holdings.
Contribution limits and tax consequences depend on the account and your circumstances. Check CRA guidance before contributing.
Before you visit a provider
Confirm current fees, rates and eligibility directly with the provider. Product terms can change over time. A listed product is not a recommendation or a promise of approval.
Availability must be confirmed for your province or territory. If product-specific location or eligibility information is missing, it is not confirmed.
For further guidance, visit Canada Revenue Agency: registered plans.
This is general information, not personalized advice. Read our editorial policy and affiliate disclosure.