Comparison chart

Last updated: May 11, 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.

Brand	Account	Rate	TFSA rate		CU	Excl
AcceleRate Financial	AcceleRate Savings	1.70%	1.70%	Forum	MB
Achieva Financial	Achieva Savings	1.50%	1.50%	Forum	MB
Alterna Bank	High Interest eSavings	0.90%	0.90%	Forum
Bridgewater Bank*	Smart eSavings	1.50%		Forum		No QC
Canadian Tire Bank	High Interest Savings	1.10%	1.10%	Forum		No QC
EQ Bank	Savings Plus	1.50%	1.50%	Forum		No QC
Hubert Financial	Happy Savings	1.70%	1.70%	Forum	MB	No QC
Ideal Savings	Ideal Savings	1.01%	1.76%	Forum	MB	No QC
LBC Digital	High Interest Savings	1.15%		Forum
MAXA Financial	MAXA Savings	1.50%	1.50%	Forum	MB
Motive Financial	Motive Savvy Savings	1.45%	1.45%	Forum		No QC
motusbank	High interest savings	1.50%	1.50%	Forum		No QC
Neo Financial**	Neo Money	1.45%		Forum		No QC
Oaken Financial	Oaken Savings	1.60%		Forum
Outlook Financial	High Interest Savings	1.60%	1.60%	Forum	MB
Peoples Trust***	e-Savings	1.60%	1.60%	Forum
Saven Financial	High Interest Savings	2.00%		Forum	ON	ON only
Wealth One Bank of Canada	High Interest Savings	1.60%	1.60%	Forum		No QC
Wyth Financial	High Interest Savings	1.60%		Forum		No QC

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
** Neo Financial has a mobile app but its browser-based online banking portal is limited. You can transfer money to and from external accounts in the browser-based online banking portal. To send Interac e-Transfers and make bill payments, you must use its mobile app.
*** 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

May 4: motusbank increases its regular savings account interest rate from 1.25% to 1.50%
May 3: Saven Financial increases its regular savings account interest rate from 1.75% to 2.00%
April 27: motusbank increases its regular savings account and TFSA interest rates to 1.25% and 1.50% (from 1.00% and 1.25%)
April 26: MAXA Financial increases its regular savings account and TFSA interest rate from 1.30% to 1.50%
April 26: Bridgewater Bank increases its regular savings account interest rate from 1.20% to 1.50%
April 22: Neo Financial increases its regular savings account interest rate from 1.30% to 1.45%
April 22: Hubert Financial increases its regular savings account and TFSA interest rate from 1.50% to 1.70%
April 22: Wyth Financial increases its regular savings account interest rate from 1.55% to 1.60%
April 21: Peoples Trust increases its regular savings account and TFSA interest rate from 1.30% to 1.60%
April 20: Motive Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.45%
April 20: Outlook Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.60%
April 20: Implicity Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.60%
April 20: Ideal Savings increases its TFSA interest rate from 1.01% to 1.76%
April 20: Wealth One Bank of Canada increases its regular savings account and TFSA interest rate to 1.60% (from 1.25% and 1.50%)
April 20: Achieva Financial increases its regular savings account and TFSA interest rate from 1.30% to 1.50%
April 18: Hubert Financial increases its regular savings account and TFSA interest rate from 1.40% to 1.50%
April 14: AcceleRate Financial increases its regular savings account and TFSA interest rate from 1.40% to 1.70%
April 14: Oaken Financial increases its regular savings account interest rate from 1.32% to 1.60%
April 12: Saven Financial increases its regular savings account interest rate from 1.50% to 1.75%
April 11: EQ Bank increases its regular savings account and TFSA interest rate from 1.25% to 1.50%
March 25: Peoples Trust increases its regular savings account and TFSA interest rate from 1.10% to 1.30%
March 16: MAXA Financial increases its regular savings account and TFSA interest rate from 1.00% to 1.30%
March 14: Achieva Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.30%
March 14: Implicity Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.25%
March 11: Outlook Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.25%
March 8: Hubert Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.40%
March 4: AcceleRate Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.40%

Recent changes

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