Canadian High Interest Savings Bank Accounts

Savings account interest rate graph

New comparison:

Ideal Savings decreases its TFSA interest rate from 3.75% to 3.40%
AcceleRate Financial increases its TFSA interest rate from 3.40% to 3.55%
Hubert Financial increases its TFSA interest rate from 3.40% to 3.55%
Motive Financial increases its regular savings account interest rate from 3.00% to 3.80%
Outlook Financial increases its regular savings account and TFSA interest rate from 3.35% to 3.50%

Savers Roundup March 2023: Rate hike pause in Canada; US bank failures - Mar 15, 2023
Savers Roundup February 2023: High interest savings, inflation and recession or not - Feb 16, 2023
Savers Roundup January 2023: GIC rate inversion; RRSP and TFSA deals; EQ Bank in Quebec - Jan 13, 2023
Savers Roundup December 2022: One more rate increase; Oaken Financial and HSBC Canada have been sold - Dec 14, 2022
Savers Roundup November 2022: It’s 5.00% somewhere - Nov 16, 2022

Which banks / credit unions offer the best feature - rate combination?

Are the smaller financial institutions any worse than the big players?

Talk about all things regarding Canadian high interest savings accounts in the discussion forum and read detailed articles. For a quick rate overview, check the high interest savings account comparison page.

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