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Zag RRSP Savings

A Zag RRSP Savings account combines all the benefits of an RRSP with the powerful features of a Zag Savings account to make saving effortless.

It’s also good to know you can:

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Promotional rates are often used by banks to attract new clients with high interest rate offers that seem great at first, but end up lasting only a few months. And, there are usually conditions attached.

Not at Zag Bank. With your Zag RRSP Savings account you get one great No Nonsense Rate that stays high interest – with no conditions. Over time, you come out ahead with an everyday high interest rate that saves you more than you would with a short-term promotional rate. And with no fees on the Zag RRSP Savings account – you save all your money.

Zag Bank makes it easier to save. We’ve done the math to show you.


Example based on a $10,000 investment. Promotional interest rate earns 2.5% for only 3 months, then drops to 0.8%. Zag Bank’s No Nonsense Rate is steady at 1.65%. In less than 6 months, you’re ahead with Zag.

’No fees’ means you save your money— all of it.

What you get Fee
Account opening and closing Free
Mobile and Online Banking Free
Online statements Free
Retrieval of past statements through Zag Bank Online Banking Free
Deposits by using SnapCheque or by mail Free
Transfers between your Zag Bank accounts Free
Transfers between a Zag Bank account to / from another Canadian bank account 1 Free
Customized, automatic alerts and notifications Free

1 Please note that your other financial institution might charge for funds going out of your external bank account. 

Your Zag interest is calculated daily, at the end of the day, and paid monthly into your account on the last business day of the month. Interest will be calculated as soon as the funds are received by Zag Bank and deposited in your Zag savings account. The applicable interest rate is determined on the date on which Zag Bank deposits your funds to your Zag savings account.

The interest rate on your Zag savings account is subject to change at any time without prior notice at our sole discretion.