Comparison chart

Last updated: December 4, 2023

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.

Filter by availability per province:

Brand Account Rate TFSA rate   CU Excl
Achieva Financial Achieva Savings 3.60% 3.60% Forum MB
Alterna Bank High Interest eSavings 2.25% 2.25% Forum
Bridgewater Bank* Smart eSavings 3.60% Forum No QC
Canadian Tire Bank High Interest Savings 3.70% 3.70% Forum No QC
EQ Bank Savings Plus 2.50% 3.00% Forum
Hubert Financial Happy Savings 3.60% 3.65% Forum MB No QC
Ideal Savings Ideal Savings 3.60% 3.65% Forum MB No QC
Manulife Bank Advantage Account 2.85% 2.10% Forum
MAXA Financial MAXA Savings 3.55% 3.55% Forum MB
Motive Financial Motive Savvy Savings 4.10% 4.10% Forum No QC
motusbank High interest savings 2.50% 2.50% Forum No QC
Neo Financial High-Interest Savings 4.00% Forum No QC
Oaken Financial Oaken Savings 3.40% Forum
Outlook Financial High Interest Savings 3.60% 3.60% Forum MB
Peoples Trust** e-Savings 3.40% 3.40% Forum
Saven Financial High Interest Savings 3.80% 4.00% Forum ON ON only
Wealth One Bank of Canada High Interest Savings 3.65% 3.65% Forum No QC
Wealthsimple Cash 4.00% Forum

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
** 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

  • December 4: Neo Financial increases its regular savings account interest rate from 3.75% to 4.00%
  • November 15: Bridgewater Bank increases its regular savings account interest rate from 3.45% to 3.60%
  • November 14: Neo Financial increases its regular savings account interest rate from 3.40% to 3.75%
  • October 20: Manulife Bank decreases its TFSA interest rate from 2.15% to 2.10%
  • October 13: Canadian Tire Bank increases its regular savings account and TFSA interest rate from 3.50% to 3.70%
  • October 11: Saven Financial increases its regular savings account interest rate from 3.70% to 3.80%
  • October 3: Ideal Savings decreases its TFSA interest rate from 3.70% to 3.65%
  • October 1: Ideal Savings increases its regular savings account interest rate from 1.01% to 3.60%
  • September 13: Saven Financial increases its regular savings account interest rate from 3.60% to 3.70%
  • August 23: Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 3.55% to 3.65%
  • August 9: Canadian Tire Bank increases its regular savings account and TFSA interest rate from 3.00% to 3.50%
  • August 9: Saven Financial launches a TFSA with a 4.00% interest rate
  • August 1: Saven Financial increases its regular savings account interest rate from 3.50% to 3.60%
  • July 28: MAXA Financial increases its regular savings account and TFSA interest rate from 3.45% to 3.55%
  • July 18: AcceleRate Financial increases its regular savings account interest rate from 3.45% to 3.60%; TFSA up from from 3.50% to 3.65%
  • July 18: Hubert Financial increases its regular savings account interest rate from 3.45% to 3.60%; TFSA up from from 3.50% to 3.65%
  • July 18: Outlook Financial increases its regular savings account and TFSA interest rate from 3.50% to 3.60%
  • July 18: Peoples Trust increases its regular savings account and TFSA interest rate from 3.30% to 3.40%
  • July 13: Achieva Financial increases its regular savings account and TFSA interest rate from 3.50% to 3.60%
  • July 4: MAXA Financial increases its regular savings account and TFSA interest rate from 2.95% to 3.45%
  • June 28: Outlook Financial decreases its regular savings account and TFSA interest rate from 3.55% to 3.50%
  • June 28: Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 3.40% to 3.55%
  • June 22: Peoples Trust increases its regular savings account and TFSA interest rate from 3.15% to 3.30%
  • June 21: Ideal Savings increases its TFSA interest rate from 3.55% to 3.70%
  • June 16: AcceleRate Financial increases its regular savings account interest rate from 3.30% to 3.45%; TFSA up from from 3.35% to 3.50%
  • June 16: Hubert Financial increases its regular savings account interest rate from 3.30% to 3.45%; TFSA up from from 3.35% to 3.50%
  • June 12: Motive Financial increases its TFSA interest rate from 3.00% to 4.10%
  • June 12: Outlook Financial increases its regular savings account and TFSA interest rate from 3.40% to 3.55%
  • June 8: Achieva Financial increases its regular savings account and TFSA interest rate from 3.40% to 3.50%
  • June 8: Peoples Trust increases its regular savings account and TFSA interest rate from 3.00% to 3.15%
  • June 7: Alterna Bank decreases its regular savings account and TFSA interest rate from 2.50% to 2.25%

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