Duffer, you realize a TFSA is not a savings account, right?  It's a container for any type of investment you might want to hold similar to an RRSP or any other non-registered investment account at a bank or investment house.  

As many on others TFSA comments have said, the government made a tragic naming error with this in 2009 using the terms "savings account".  It is anything but, but the finance industry has garnered tremendous benefit from people's apathy and ignorance to put their contributions in low yield savings such as Duffer is getting.  Unfortunately, Duffer takes the blame too and needs to get off the couch.  If he is getting $24 per annum in interest, he chose to place his investment in an interest bearing account yielding 0.4% .  Ouch.