Comparison chart

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Last updated: November 24, 2022

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.

CU = Credit Union, insured by the relevant province’s credit union deposit insurance rather than the CDIC
Excl = Provincial exclusions
* Bridgewater Bank has no online banking interface
** 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

• November 24: Canadian Tire Bank increases its regular savings account and TFSA interest rate from 2.40% to 3.00%
• November 16: Saven Financial increases its regular savings account interest rate from 3.50% to 3.75%
• November 14: Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 3.00% to 3.25%
• November 11: Ideal Savings increases its TFSA interest rate from 2.60% to 3.00%
• November 4: AcceleRate Financial increases its regular savings account and TFSA interest rate from 2.85% to 3.00%
• November 4: Hubert Financial increases its regular savings account and TFSA interest rate from 2.85% to 3.00%
• November 3: MAXA Financial increases its regular savings account and TFSA interest rate from 2.60% to 2.90%
• November 1: Outlook Financial increases its regular savings account and TFSA interest rate from 2.85% to 3.00%
• October 27: Achieva Financial increases its regular savings account and TFSA interest rate from 2.85% to 2.95%
• October 21: LBC Digital increases its regular savings account interest rate from 2.00% to 3.00%
• October 21: Peoples Trust increases its regular savings account and TFSA interest rate from 2.50% to 2.60%
• October 17: EQ Bank increases its regular savings account and TFSA interest rate from 2.00% to 2.50%
• October 14: Saven Financial increases its regular savings account interest rate from 3.30% to 3.50%
• October 13: Bridgewater Bank increases its regular savings account interest rate from 2.75% to 3.00%
• October 13: Oaken Financial increases its regular savings account interest rate from 3.00% to 3.40%
• September 29: motusbank increases its regular savings account and TFSA interest rate from 1.85% to 2.10%
• September 19: AcceleRate Financial increases its regular savings account and TFSA interest rate from 2.60% to 2.85%
• September 19: Hubert Financial increases its regular savings account and TFSA interest rate from 2.60% to 2.85%
• September 19: MAXA Financial increases its regular savings account and TFSA interest rate from 2.15% to 2.60%
• September 16: Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 2.60% to 3.00%
• September 9: LBC Digital increases its regular savings account interest rate from 1.70% to 2.00%
• September 9: Outlook Financial increases its regular savings account and TFSA interest rate from 2.50% to 2.85%
• September 8: Achieva Financial increases its regular savings account and TFSA interest rate from 2.40% to 2.85%
• September 8: Alterna Bank increases its regular savings account and TFSA interest rate from 1.50% to 2.00%
• September 8: Saven Financial increases its regular savings account interest rate from 3.15% to 3.30%
• September 6: Bridgewater Bank increases its regular savings account interest rate from 2.60% to 2.75%
• September 6: EQ Bank increases its regular savings account and TFSA interest rate from 1.65% to 2.00%