Tax-free savings accounts are a popular investment option for Canadians looking to grow their money while avoiding taxation. While the term "tax-free savings account" is widely used, there are a few synonyms that refer to the same investment vehicle. One of the most common is "TFSA," which is often used in casual conversations and financial news reports. Another synonym is "registered tax-free savings account," which emphasizes the fact that these accounts are registered with the government and offer tax-free benefits. Lastly, some financial institutions offer their own branded versions of tax-free savings accounts, such as "high-interest savings accounts" or "premium savings accounts".