Comparison chart

Last updated: January 23, 2020

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’ 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.

Bank / Credit Union name Account Rate TFSA rate   QB CU OB
AcceleRate Financial AcceleRate Savings 2.30% 2.30% Forum Y MB Y
Achieva Financial Achieva Savings 2.30% 2.30% Forum Y MB Y
Alterna Bank High Interest eSavings 2.20% 2.25% Forum Y Y
Bridgewater Bank Smart eSavings 2.35% n/a Forum
Canadian Tire Bank High Interest Savings 1.50% 1.80% Forum Y
EQ Bank Savings Plus 2.45% n/a Forum Y
Hubert Financial Happy Savings 2.25% 2.25% Forum MB Y
Ideal Savings Ideal Savings 2.31% 2.31% Forum MB Y
Implicity Financial High Interest Savings 2.30% 2.30% Forum Y MB Y
LBC Digital High Interest Savings 3.30% n/a Forum Y Y
MAXA Financial MAXA Savings 2.45% 2.45% Forum Y MB Y
Motive Financial Motive Savvy Savings 2.80% 2.40% Forum Y
motusbank High interest savings 2.10% 2.35% Forum Y Y
Oaken Financial Oaken Savings 2.30% n/a Forum Y Y
Outlook Financial High Interest Savings 2.40% 2.40% Forum Y MB Y
Peoples Trust e-Savings 2.00% 2.10% Forum Y Y
Wealth One Bank of Canada High Interest Savings 2.30% 2.30% Forum Y

QB = Available in Quebec
CU = Credit Union, insured by the relevant province’s credit union deposit insurance rather than the CDIC
OB = Online Banking
General criteria for inclusion on the chart

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