Promotions

A listing of current promotions from Canadian financial institutions:

Savings and chequing accounts

• January targeted offer from Tangerine: 2.50%-2.75% on new deposits between January 6, 2020 and May 31, 2020. Applies to regular savings, TFSA, RSP, and USD accounts
• CIBC: 2.75% in a TFSA until March 31, 2020
• Meridian Credit Union: 1% bonus promo for transfers (minimum $10,000) into RRSPs and TFSAs, and 3% for 4 months in your first account
• Manulife Bank: 3.00% in a TFSA or RRSP until April 30, 2020 on new deposits made before March 13, 2020
• CIBC eAdvantage Savings Account: 2.75% for 120 days on your first account
• DUCA Credit Union (Ontario only): 2.50% on new deposits to an Earn More Savings Account until March 31, 2020
• Simplii Financial new deposit promo for 6 months: 2.80% between November 1, 2019 and April 30, 2020. Existing clients need to register for the offer
• Targeted offer from Tangerine: 2.50% on new deposits between November 6, 2019 and April 30, 2020. Applies to regular savings, TFSA, RSP, and USD accounts
• La Capitale (Quebec only) new deposit promo: 3.00% in High-Interest Savings Accounts between October 17, 2019 and January 31, 2020; 3.00% in TFSAs between October 17, 2019 and February 28, 2020
• RBC new account promo: 2.50% interest for 3 months when you open your first RBC High Interest eSavings Account before January 31, 2020
• Scotiabank MomentumPLUS Savings Account: complex calculation including 2.50% for 90 days if you do not make any withdrawals
• BMO targeted offer: 2.85% in a new Smart Saver Account between August 1, 2019 and February 29, 2020
• Tangerine targeted 0.00% Line of Credit offer for 90 days
• Targeted offer from Tangerine: 2.75% on new deposits between August 7, 2019 and January 31, 2020. Applies to regular savings, TFSA, RSP, and USD accounts
• Simplii Financial new customers: get up to $200 by opening a chequing account with a payroll or pension direct deposit ($125) and setting up 2 different automatic bill payments of $4 or more for at least 2 months ($75)
• Tangerine new customers: 2.75% interest rate for 6 months
• DUCA Credit Union (Ontario only): 3.00% on new deposits to an Earn More Savings Account until January 31, 2020

GICs

• Buduchnist Credit Union (Ontario only): GICs for 11 months (2.50%), 21 months (2.70%), 29 months (2.80%), and 42 months (2.90%) until March 2, 2020
• DUCA Credit Union (Ontario only) has a 5-year 3.00% cashable GIC
• Luminus Financial: 3.00% for a 5-year RRSP GIC, cashable at 1.75% before the term is up
• Parama Credit Union (Ontario only): 2.75% for a 1-year GIC, available for non-registered, TFSA, and RRSP accounts
• Ganaraska Credit Union (Ontario only): 3-year 3.00% GIC available for non-registered, TFSA, and RRSP accounts
• Peoples Trust: 1-year 3.00% GIC available for non-registered, TFSA, and RRSP accounts
• Omnia Direct (Ontario only): 2.60% for a 1-year GIC; 2.70% for a 2-year GIC; 3.00% for a 5-year GIC
• RCU Credit Union (Ontario only) has a 1-year GIC (including TFSA and RRSP) at 2.80% until January 31, 2020
• Meridian Credit Union: 2.70% for a 5-year Raise the Rate GIC
• Peoples Trust: 2.50% for 15-month GIC

Cash Back

• Tangerine: $45 for opening a Money-Back Credit Card
• Tangerine: $45 for opening a Tangerine World Mastercard
• Tangerine: $25 for opening a Savings Account
• Scotiabank: $60 for opening a Passport Visa Infinite credit card
• Scotiabank: $110 for opening a Momentum Visa Infinite credit card
• Scotiabank: $60 for opening a Gold American Express credit card
• Borrowell: $5 for signing up for an account
• See all High Interest Savings Cash Back offers

Are any current promotions missing from this list? Let us know in the forums.

Expired promotions

• Buduchnist Credit Union (Ontario only): GICs for 11 months (2.50%), 23 months (2.70%), and 44 months (2.85%) until January 11, 2020
• Parama Credit Union (Ontario only): 2.75% for a 1-year TFSA GIC starting in January 2020 if you deposit a minimum of $6,000 into a savings account before December 31, 2019. (They will automatically transfer the money into the TFSA on January 2.)
• National Bank new deposit promo: 2.75% in High Interest Savings Accounts between October 1 and December 30, 2019
• Omnia Direct (Ontario only): 2.50% for a 1-year GIC
• DUCA Credit Union (Ontario only): $50 for you and $50 for charity when you open a new chequing account
• Simplii Financial targeted promo: 2.50% to 3.00% on new deposits between July 1 to October 31, 2019 (4 months)
• CIBC eAdvantage Savings Account net new deposits promo extension (targeted): 2.40% between April 1 and October 31, 2019
• Coast Capital Savings (BC residents only): $500 for new members who open a chequing account before October 6, 2019 and switch a payroll or other eligible recurring direct deposit OR set up an eligible recurring pre-authorized payment of at least $50
• Manulife Advantage Account (group benefits users only): 2.85% for 150 days on new Advantage Accounts
• Peoples Trust: 3.00% for 15-month GIC
• Luminus Financial: 1.00% bonus rate (2.75% total at current 1.75% base rate) on new deposits to an Investment Savings Account until September 30, 2019
• Canadian Tire Financial targeted promo: 3.00% on new deposits to a High Interest Savings account between April 2 and September 30, 2019
• National Bank new deposit promo: 2.75% in High Interest Savings Accounts until September 5, 2019
• HSBC High Rate Savings Account: 2.40% to 3.00% on new deposits between April 15 and September 3, 2019
• Meridian Credit Union: 3.00% for 150 days on new Good to Grow High Interest Savings Accounts opened between July 22 and August 25, 2019
• Tangerine targeted promo: 2.75% for 180 days on new deposits between March 5, 2019 to August 31, 2019
• Meridian Credit Union: $100 bonus when you open a Good To Grow High Interest Savings Account with a minimum initial deposit of $1,000
• motusbank: 2.85% for an 18-month RRSP or TFSA GIC
• motusbank: 3.20% for a 5-year RRSP or TFSA GIC
• Targeted offer from Tangerine: 2.75% on new deposits until November 30, 2019. Applies to regular savings, TFSA, RSP, and USD accounts
• Simplii Financial new customers: get $200 by opening a chequing account with 2 different automatic bill payments of $10 or more for 2 months
• RBC new account promo: 3.00% interest for 3 months when you open your first RBC High Interest eSavings Account before July 31, 2019
• Targeted: CIBC eAdvantage Savings Account: 3.00% on new deposits until July 31, 2019
• EQ Bank: 3.00% for a 3-month GIC
• Manulife Advantage Account: 3.25% for 6 months on new Advantage Accounts
• Luminus Financial 5-year escalator GIC with 3.50% average interest rate (1.50%, 2.50%, 3.50%, 4.50%, 5.50% for years 1-5)
• Peoples Trust: 3.00% for a 15-month GIC
• Canadian Tire Financial targeted promo: 3.20% on new deposits to a High Interest Savings account between December 10, 2018 and June 30, 2019
• Simplii Financial targeted promo: 3.15% savings account new deposit promo extended through June 30, 2019
• motusbank: 3.10% for an 18-month RRSP or TFSA GIC
• Peoples Trust: 3.10% for a 15-month GIC
• RBC targeted promo: 3.00% until April 30, 2019 on new deposits to a High Interest eSavings Account
• BMO targeted promo: 3.25% until April 30, 2019 on new Smart Saver Accounts
• CIBC: GIC promotion rates, including 3.00% for a 5-year GIC
• Steinbach Credit Union: 3.35% for a 34-month GIC; 3.50% for a 52-month GIC
• Rapport Credit Union (Ontario only): 3.10% for a 1-year GIC
• Luminus Financial: 5-year GIC at 3.60% (new money only)
• G&F Financial Group (BC only): 3.00% for a 1-year GIC, redeemable after 180 days
• HSBC GIC promo: 3.10% for a 15-month GIC funded by new deposits (TFSA and RRSP eligible)
• PACE Credit Union (Ontario only): 3.51% for a 3-year GIC
• Omnia Direct (Ontario only): 3.10% for a 1-year GIC; 3.25% for a 2-year GIC
• CIBC eAdvantage Savings Account net new deposits promo: 3.00% between October 16, 2018 and March 31, 2019
• Wealth One: 0.20% cash back bonus per GIC term year on new deposits
• Omnia Direct (Ontario only): 3.35% for a 3-year GIC
• Tandia Credit Union (Ontario only): 3.75% for a 5-year GIC
• Meridian Credit Union: transfer at least $10,000 of TFSA or RRSP funds to Meridian before March 1, 2019 and receive a 1% transfer bonus of up to $750
• Tangerine new customers: 3.00% interest rate until April 30, 2019
• Tangerine targeted promo: 3.00% for 180 days on entire balance
• DUCA Credit Union (Ontario only): 3.75% for a 5-year GIC
• DUCA Credit Union (Ontario only): 3.25% for a 3-year GIC, cashable after each year

Promotions archive: 2014 – 2017 | 2018