Comparison chart

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Last updated: April 14, 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.

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

• May 26: EQ Bank decreases its TFSA interest rate from 2.30% to 1.25%
• April 16: EQ Bank decreases its regular savings account interest rate from 1.50% to 1.25%
• April 15: Oaken Financial decreases its regular savings account interest rate from 1.25% to 1.15%
• April 12: LBC Digital decreases its regular savings account interest rate from 1.30% to 1.20%
• April 7: Canadian Tire Bank decreases its regular savings account and TFSA interest rate from 1.80% to 1.55%
• April 1: Alterna Bank decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%
• March 25: Bridgewater Bank decreases its regular savings account interest rate from 1.55% to 1.45%
• March 23: LBC Digital decreases its regular savings account interest rate from 1.40% to 1.30%
• March 15: MAXA Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%
• March 9: Motive Financial decreases its regular savings account and TFSA interest rate from 1.55% to 1.25%
• March 8: Peoples Trust decreases its regular savings account and TFSA interest rate from 1.30% to 1.20%
• March 4: Implicity Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%
• March 1: Outlook Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%