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Last updated: March 4, 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’ 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.
QC = 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
Recent changes
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In general, for a bank account to be included in the comparison chart, it must be:
- accessible to all Canadians in all provinces and territories or, alternatively, all provinces and territories with the exception of Quebec (however, when they do exclude Quebec residents, this is indicated on the chart)
- must be able to be opened in-branch at any branch in all or the majority of the Canada’s provinces and territories or opened online through non-face-to-face account opening procedures without requiring a mobile mortgage or banking specialist to come to your home where the product will be sold in conjunction with a mortgage/home equity line of credit
- must not be held in broker “book-entry”/nominee form; must be held in one’s own name
- the regular interest rate on the high interest savings account must be “competitive” (this is loosely interpreted)
Please write your comments in the forum.