Comparison chart

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Last updated: September 17, 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.

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

• September 17: Hubert Financial decreases its regular savings account interest rate from 1.25% to 1.10%
• August 31: Alterna Bank decreases its regular savings account and TFSA interest rate from 1.00% to 0.90%
• August 16: Saven Financial decreases its regular savings account interest rate from 1.55% to 1.35%
• August 10: Peoples Trust decreases its regular savings account and TFSA interest rate from 1.15% to 1.10%
• August 5: Implicity Financial decreases its regular savings account and TFSA interest rate from 1.30% to 1.10%
• August 4: Achieva Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%