Comparison chart

Last updated: June 16, 2021

This chart summarizes Canadian high interest savings account rates and is for informational purposes only. The rates are subject to change and there are more features to an account than its rate. Always be sure to check the specific banks’ / financial brands’ websites and do your research about a bank account! See also the GIC comparison chart.

Please post any errors in the forum and they will be corrected ASAP.

Click on a rate to see the rate history. Rates are listed when perceived on this site as being changed. Exact dates of change will vary. If a rate change was announced in advance, the chart will show the rate up to two weeks in advance.

Brand	Account	Rate	TFSA rate		QC	CU	OB
AcceleRate Financial	AcceleRate Savings	1.20%	1.20%	Forum	Y	MB	Y
Achieva Financial	Achieva Savings	1.20%	1.20%	Forum	Y	MB	Y
Alterna Bank	High Interest eSavings	1.00%	1.00%	Forum	Y		Y
Bridgewater Bank	Smart eSavings	1.20%	n/a	Forum
Canadian Tire Bank	High Interest Savings	1.55%	1.55%	Forum			Y
EQ Bank	Savings Plus	1.25%	1.25%	Forum			Y
Hubert Financial	Happy Savings	1.25%	1.00%	Forum		MB	Y
Ideal Savings	Ideal Savings	1.01%	1.01%	Forum		MB	Y
Implicity Financial	High Interest Savings	1.10%	1.10%	Forum	Y	MB	Y
LBC Digital	High Interest Savings	1.15%	n/a	Forum	Y		Y
MAXA Financial	MAXA Savings	1.00%	1.00%	Forum	Y	MB	Y
Motive Financial	Motive Savvy Savings	1.25%	1.25%	Forum			Y
motusbank	High interest savings	1.00%	1.10%	Forum	Y		Y
Neo Financial	Neo Savings	1.30%	n/a	Forum			N*
Oaken Financial	Oaken Savings	1.15%	n/a	Forum	Y		Y
Outlook Financial	High Interest Savings	1.10%	1.10%	Forum	Y	MB	Y
Peoples Trust**	e-Savings	1.15%	1.15%	Forum	Y		Y
Wealth One Bank of Canada	High Interest Savings	1.25%	1.50%	Forum			Y

QC = Available in Quebec
CU = Credit Union, insured by the relevant province’s credit union deposit insurance rather than the CDIC
OB = Online Banking
* Neo Financial has a mobile app but no browser-based online banking portal
** Peoples Bank has the same parent company as Peoples Trust and offers the same interest rates
General criteria for inclusion on the chart

Recent changes

June 17: Hubert Financial increases its regular savings account interest rate from 1.00% to 1.25%
June 7: LBC Digital decreases its regular savings account interest rate from 1.20% to 1.15%
June 1: MAXA Financial decreases its regular savings account and TFSA interest rate from 1.10% to 1.00%
May 27: Bridgewater Bank decreases its regular savings account interest rate from 1.45% to 1.20%
May 26: EQ Bank decreases its TFSA interest rate from 2.30% to 1.25%
May 17: Neo Financial decreases its regular savings account interest rate from 1.55% to 1.30%
May 12: Alterna Bank decreases its regular savings account and TFSA interest rate from 1.10% to 1.00%
May 12: Wealth One Bank of Canada decreases its regular savings account interest rate from 1.50% to 1.25%
May 3: Peoples Trust decreases its regular savings account and TFSA interest rate from 1.20% to 1.15%

Recent changes

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