News Digest

A summary of the latest news and discussions on highinterestsavings.ca. See also the promotions page.

November 2022

• Wyth Financial is closing
• Outlook Financial increases its regular savings account and TFSA interest rate from 2.85% to 3.00%
• MAXA Financial increases its regular savings account and TFSA interest rate from 2.60% to 2.90%
• AcceleRate Financial increases its regular savings account and TFSA interest rate from 2.85% to 3.00%
• Hubert Financial increases its regular savings account and TFSA interest rate from 2.85% to 3.00%
• Ideal Savings increases its TFSA interest rate from 2.60% to 3.00%
• Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 3.00% to 3.25%
• Saven Financial increases its regular savings account interest rate from 3.50% to 3.75%
• Canadian Tire Bank increases its regular savings account and TFSA interest rate from 2.40% to 3.00%

October 2022

• Oaken Financial increases its regular savings account interest rate from 3.00% to 3.40%
• Bridgewater Bank increases its regular savings account interest rate from 2.75% to 3.00%
• Saven Financial increases its regular savings account interest rate from 3.30% to 3.50%
• EQ Bank increases its regular savings account and TFSA interest rate from 2.00% to 2.50%
• LBC Digital increases its regular savings account interest rate from 2.00% to 3.00%
• Peoples Trust increases its regular savings account and TFSA interest rate from 2.50% to 2.60%
• Achieva Financial increases its regular savings account and TFSA interest rate from 2.85% to 2.95%

September 2022

• EQ Bank increases its regular savings account and TFSA interest rate from 1.65% to 2.00%
• Bridgewater Bank increases its regular savings account interest rate from 2.60% to 2.75%
• Achieva Financial increases its regular savings account and TFSA interest rate from 2.40% to 2.85%
• Alterna Bank increases its regular savings account and TFSA interest rate from 1.50% to 2.00%
• Saven Financial increases its regular savings account interest rate from 3.15% to 3.30%
• LBC Digital increases its regular savings account interest rate from 1.70% to 2.00%
• Outlook Financial increases its regular savings account and TFSA interest rate from 2.50% to 2.85%
• Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 2.60% to 3.00%
• Hubert Financial increases its regular savings account and TFSA interest rate from 2.60% to 2.85%
• MAXA Financial increases its regular savings account and TFSA interest rate from 2.15% to 2.60%
• AcceleRate Financial increases its regular savings account and TFSA interest rate from 2.60% to 2.85%
• motusbank increases its regular savings account and TFSA interest rate from 1.85% to 2.10%

August 2022

• Bridgewater Bank increases its regular savings account interest rate from 2.25% to 2.60%
• Canadian Tire Bank increases its regular savings account and TFSA interest rate from 1.45% to 2.40%
• Wyth Financial increases its regular savings account interest rate from 1.80% to 2.25%
• Neo Financial increases its regular savings account interest rate from 1.80% to 2.25%
• Peoples Trust increases its regular savings account and TFSA interest rate from 2.25% to 2.50%
• LBC Digital increases its regular savings account interest rate from 1.15% to 1.70%
• Oaken Financial increases its regular savings account interest rate from 2.25% to 3.00%
• Saven Financial increases its regular savings account interest rate from 2.85% to 3.15%

July 2022

• Saven Financial increases its regular savings account interest rate from 2.40% to 2.85%
• Peoples Trust increases its regular savings account and TFSA interest rate from 1.60% to 1.80%
• Alterna Bank increases its regular savings account and TFSA interest rate from 1.25% to 1.50%
• Achieva Financial increases its regular savings account and TFSA interest rate from 1.80% to 2.40%
• AcceleRate Financial increases its regular savings account and TFSA interest rate from 2.05% to 2.60%
• Hubert Financial increases its regular savings account and TFSA interest rate from 2.05% to 2.60%
• Motive Financial increases its regular savings account and TFSA interest rate from 2.20% to 3.00%
• Outlook Financial increases its regular savings account and TFSA interest rate from 1.80% to 2.40%
• Oaken Financial increases its regular savings account interest rate from 1.65% to 2.25%
• MAXA Financial increases its regular savings account and TFSA interest rate from 1.70% to 2.00%
• Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 1.80% to 2.60%
• Peoples Trust increases its regular savings account and TFSA interest rate from 1.80% to 2.25%
• Bridgewater Bank increases its regular savings account interest rate from 1.70% to 2.25%
• Ideal Savings increases its TFSA interest rate from 2.06% to 2.60%
• motusbank increases its regular savings account and TFSA interest rate from 1.55% to 1.85%
• Outlook Financial increases its regular savings account and TFSA interest rate from 2.40% to 2.50%
• MAXA Financial increases its regular savings account and TFSA interest rate from 2.00% to 2.15%

June 2022

• Canadian Tire Bank increases its regular savings account and TFSA interest rate from 1.10% to 1.45%
• Motive Financial increases its regular savings account and TFSA interest rate from 1.75% to 2.00%
• Achieva Financial increases its regular savings account and TFSA interest rate from 1.50% to 1.80%
• AcceleRate Financial increases its regular savings account and TFSA interest rate from 1.70% to 2.05%
• Outlook Financial increases its regular savings account and TFSA interest rate from 1.60% to 1.80%
• Hubert Financial increases its regular savings account and TFSA interest rate from 1.70% to 2.05%
• motusbank increases its regular savings account and TFSA interest rate from 1.50% to 1.55%
• Ideal Savings increases its TFSA interest rate from 1.76% to 2.06%
• Wealth One Bank of Canada increases its regular savings account and TFSA interest rate from 1.60% to 1.80%
• MAXA Financial increases its regular savings account and TFSA interest rate from 1.60% to 1.70%
• Neo Financial increases its regular savings account interest rate from 1.45% to 1.60%
• Bridgewater Bank increases its regular savings account interest rate from 1.50% to 1.70%
• Alterna Bank increases its regular savings account and TFSA interest rate from 0.90% to 1.25%
• Wyth Financial increases its regular savings account interest rate from 1.60% to 1.80%
• Neo Financial increases its regular savings account interest rate from 1.60% to 1.80%
• EQ Bank increases its regular savings account and TFSA interest rate from 1.50% to 1.65%
• Motive Financial increases its regular savings account and TFSA interest rate from 2.00% to 2.20%
• Oaken Financial increases its regular savings account interest rate from 1.60% to 1.65%

May 2022

• motusbank increases its regular savings account interest rate from 1.25% to 1.50%
• Saven Financial increases its regular savings account interest rate from 1.75% to 2.00%
• Motive Financial increases its regular savings account and TFSA interest rate from 1.45% to 1.75%
• MAXA Financial increases its regular savings account and TFSA interest rate from 1.50% to 1.60%
• Saven Financial increases its regular savings account interest rate from 2.00% to 2.40%

April 2022

• EQ Bank increases its regular savings account and TFSA interest rate from 1.25% to 1.50%
• Saven Financial increases its regular savings account interest rate from 1.50% to 1.75%
• AcceleRate Financial increases its regular savings account and TFSA interest rate from 1.40% to 1.70%
• Oaken Financial increases its regular savings account interest rate from 1.32% to 1.60%
• Hubert Financial increases its regular savings account and TFSA interest rate from 1.40% to 1.50%
• Ideal Savings increases its TFSA interest rate from 1.01% to 1.76%
• Wealth One Bank of Canada increases its regular savings account and TFSA interest rate to 1.60% (from 1.25% and 1.50%)
• Achieva Financial increases its regular savings account and TFSA interest rate from 1.30% to 1.50%
• Implicity Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.60%
• Outlook Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.60%
• Neo Financial increases its regular savings account interest rate from 1.30% to 1.45%
• Motive Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.45%
• Peoples Trust increases its regular savings account and TFSA interest rate from 1.30% to 1.60%
• Wyth Financial increases its regular savings account interest rate from 1.55% to 1.60%
• Hubert Financial increases its regular savings account and TFSA interest rate from 1.50% to 1.70%
• MAXA Financial increases its regular savings account and TFSA interest rate from 1.30% to 1.50%
• Bridgewater Bank increases its regular savings account interest rate from 1.20% to 1.50%
• motusbank increases its regular savings account and TFSA interest rates to 1.25% and 1.50% (from 1.00% and 1.25%)

March 2022

• Hubert Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.40%
• AcceleRate Financial increases its regular savings account and TFSA interest rate from 1.25% to 1.40%
• Achieva Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.30%
• Implicity Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.25%
• Outlook Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.25%
• MAXA Financial increases its regular savings account and TFSA interest rate from 1.00% to 1.30%
• Peoples Trust increases its regular savings account and TFSA interest rate from 1.10% to 1.30%

February 2022

• AcceleRate Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.25%
• Canadian Tire Bank decreases its regular savings account and TFSA interest rate from 1.25% to 1.10%
• Oaken Financial increases its regular savings account interest rate from 1.25% to 1.32%

January 2022

• Outlook Financial increases its regular savings account and TFSA interest rate from 1.00% to 1.10%

December 2021

• Wyth Financial increases its regular savings account interest rate from 1.40% to 1.55%
• Hubert Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.25%
• Saven Financial increases its regular savings account interest rate from 1.35% to 1.50%

November 2021

• Oaken Financial increases its regular savings account interest rate from 1.20% to 1.25%
• Outlook Financial decreases its regular savings account and TFSA interest rate from 1.10% to 1.00%
• Hubert Financial increases its TFSA interest rate from 1.00% to 1.10%
• AcceleRate Financial decreases its regular savings account and TFSA interest rate from 1.15% to 1.10%
• motusbank increases its TFSA interest rate from 1.10% to 1.25%
• Oaken Financial increases its regular savings account interest rate from 1.15% to 1.20%

October 2021

• Motive Financial decreases its regular savings account and TFSA interest rate from 1.25% to 1.10%
• AcceleRate Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.15%

Septmeber 2021

• Hubert Financial decreases its regular savings account interest rate from 1.25% to 1.10%

August 2021

• Alterna Bank decreases its regular savings account and TFSA interest rate from 1.00% to 0.90%
• Saven Financial decreases its regular savings account interest rate from 1.55% to 1.35%
• Peoples Trust decreases its regular savings account and TFSA interest rate from 1.15% to 1.10%
• Implicity Financial decreases its regular savings account and TFSA interest rate from 1.30% to 1.10%
• Achieva Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%

July 2021

• Canadian Tire Bank decreases its regular savings account and TFSA interest rate from 1.55% to 1.25%
• Implicity Financial increases its regular savings account and TFSA interest rate from 1.20% to 1.30%

June 2021

• Implicity Financial increases its regular savings account and TFSA interest rate from 1.10% to 1.20%
• Hubert Financial increases its regular savings account interest rate from 1.00% to 1.25%
• LBC Digital decreases its regular savings account interest rate from 1.20% to 1.15%
• EQ Bank launches a USD account with a 1.00% interest rate
• MAXA Financial decreases its regular savings account and TFSA interest rate from 1.10% to 1.00%

May 2021

• Bridgewater Bank decreases its regular savings account interest rate from 1.45% to 1.20%
• Neo Financial decreases its regular savings account interest rate from 1.55% to 1.30%
• Alterna Bank decreases its regular savings account and TFSA interest rate from 1.10% to 1.00%
• Wealth One Bank of Canada decreases its regular savings account interest rate from 1.50% to 1.25%
• Peoples Trust decreases its regular savings account and TFSA interest rate from 1.20% to 1.15%
• EQ Bank decreases its TFSA interest rate from 2.30% to 1.25%

April 2021

• EQ Bank decreases its regular savings account interest rate from 1.50% to 1.25%
• Oaken Financial decreases its regular savings account interest rate from 1.25% to 1.15%
• LBC Digital decreases its regular savings account interest rate from 1.30% to 1.20%
• Canadian Tire Bank decreases its regular savings account and TFSA interest rate from 1.80% to 1.55%
• Alterna Bank decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%

March 2021

• Bridgewater Bank decreases its regular savings account interest rate from 1.55% to 1.45%
• LBC Digital decreases its regular savings account interest rate from 1.40% to 1.30%
• MAXA Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%
• Motive Financial decreases its regular savings account and TFSA interest rate from 1.55% to 1.25%
• Peoples Trust decreases its regular savings account and TFSA interest rate from 1.30% to 1.20%
• Implicity Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%
• Outlook Financial decreases its regular savings account and TFSA interest rate from 1.20% to 1.10%

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