Comparison chart

Last updated: June 16, 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.

Brand Account Rate TFSA rate   QC CU OB
AcceleRate Financial AcceleRate Savings 1.20% 1.20% Forum Y MB Y
Achieva Financial Achieva Savings 1.20% 1.20% Forum Y MB Y
Alterna Bank High Interest eSavings 1.00% 1.00% Forum Y Y
Bridgewater Bank Smart eSavings 1.20% n/a Forum
Canadian Tire Bank High Interest Savings 1.55% 1.55% Forum Y
EQ Bank Savings Plus 1.25% 1.25% Forum Y
Hubert Financial Happy Savings 1.25% 1.00% Forum MB Y
Ideal Savings Ideal Savings 1.01% 1.01% Forum MB Y
Implicity Financial High Interest Savings 1.10% 1.10% Forum Y MB Y
LBC Digital High Interest Savings 1.15% n/a Forum Y Y
MAXA Financial MAXA Savings 1.00% 1.00% Forum Y MB Y
Motive Financial Motive Savvy Savings 1.25% 1.25% Forum Y
motusbank High interest savings 1.00% 1.10% Forum Y Y
Neo Financial Neo Savings 1.30% n/a Forum N*
Oaken Financial Oaken Savings 1.15% n/a Forum Y Y
Outlook Financial High Interest Savings 1.10% 1.10% Forum Y MB Y
Peoples Trust** e-Savings 1.15% 1.15% Forum Y Y
Wealth One Bank of Canada High Interest Savings 1.25% 1.50% Forum Y

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

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