Comparison chart

Last updated: December 23, 2024

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 2.60% 2.60% Forum MB
Alterna Bank High Interest eSavings 1.45% 1.45% Forum
Bridgewater Bank* Smart eSavings 3.40% Forum No QC
Canadian Tire Bank High Interest Savings 3.00% 3.00% Forum No QC
EQ Bank Personal Account 1.75% 2.00% Forum
Hubert Financial Happy Savings 1.85% 1.90% Forum MB No QC
Laurentian Bank** High Interest Savings 2.50% 2.50% Forum
Manulife Bank Advantage Account 1.95% 1.05% Forum
MAXA Financial MAXA Savings 2.20% 2.20% Forum MB
Motive Financial Motive Savvy Savings 2.75% 2.75% Forum No QC
motusbank High interest savings 1.05% 1.05% Forum No QC
Neo Financial High-Interest Savings 3.00% Forum
Oaken Financial Oaken Savings 3.00% 3.40% Forum
Outlook Financial High Interest Savings 2.20% 2.20% Forum MB
PC Financial PC Money 4.00% Forum No QC
Peoples Trust*** e-Savings 2.25% 2.25% Forum
Saven Financial High Interest Savings 3.15% 3.15% Forum ON No QC
Wealth One Bank of Canada High Interest Savings 3.45% 3.45% Forum No QC
Wealthsimple Cash 2.25% 2.25% 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
** Terms and conditions apply
*** 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 23: Motive Financial decreases its regular savings account and TFSA interest rate from 3.20% to 2.75%
  • December 23: Laurentian Bank decreases its regular savings account and TFSA interest rate from 2.75% to 2.50%
  • December 21: Oaken Financial decreases its regular savings account interest rate from 3.40% to 3.00%
  • December 20: Saven Financial decreases its regular savings account and TFSA interest rate from 3.40% to 3.15%
  • December 18: MAXA Financial decreases its regular savings account and TFSA interest rate from 2.70% to 2.20%
  • December 18: Wealthsimple decreases its regular savings account and TFSA interest rate from 2.75% to 2.25%
  • December 17: EQ Bank decreases its regular savings account interest rate from 2.00% to 1.75%; TFSA down from 2.50% to 2.00%
  • December 16: Alterna Bank decreases its regular savings account and TFSA interest rate from 1.65% to 1.45%
  • December 16: Hubert Financial decreases its regular savings account interest rate from 2.35% to 1.85%; TFSA down from 2.40% to 1.90%
  • December 16: motusbank decreases its regular savings account and TFSA interest rate from 1.35% to 1.05%
  • December 13: Outlook Financial decreases its regular savings account and TFSA interest rate from 2.65% to 2.20%
  • December 12: Achieva Financial decreases its regular savings account and TFSA interest rate from 3.00% to 2.60%
  • December 12: Manulife Bank decreases its regular savings account interest rate from 2.15% to 1.95%; TFSA down from 1.25% to 1.05%
  • December 10: motusbank decreases its regular savings account and TFSA interest rate from 1.65% to 1.35%
  • November 22: Wealth One Bank of Canada decreases its regular savings account and TFSA interest rate from 3.75% to 3.45%
  • November 19: Canadian Tire Bank decreases its regular savings account and TFSA interest rate from 3.70% to 3.00%
  • November 18: Bridgewater Bank decreases its regular savings account interest rate from 3.60% to 3.40%
  • November 8: Outlook Financial decreases its regular savings account and TFSA interest rate from 2.75% to 2.65%
  • November 1: Alterna Bank decreases its regular savings account and TFSA interest rate from 1.85% to 1.65%
  • November 1: Motive Financial decreases its regular savings account and TFSA interest rate from 3.60% to 3.20%
  • November 1: Neo Financial decreases its regular savings account interest rate from 4.00% to 3.00%
  • November 1: Saven Financial decreases its regular savings account and TFSA interest rate from 3.70% to 3.40%
  • October 29: EQ Bank decreases its regular savings account interest rate from 2.25% to 2.00%; TFSA down from 2.75% to 2.50%
  • October 28: MAXA Financial decreases its regular savings account and TFSA interest rate from 3.10% to 2.70%
  • October 28: Wealthsimple decreases its regular savings account interest rate from 3.25% to 2.75%
  • October 25: Outlook Financial decreases its regular savings account and TFSA interest rate from 3.15% to 2.75%
  • October 25: Peoples Trust decreases its regular savings account and TFSA interest rate from 2.75% to 2.25%
  • October 24: Achieva Financial decreases its regular savings account and TFSA interest rate from 3.25% to 3.00%
  • October 24: Hubert Financial decreases its regular savings account interest rate from 2.85% to 2.35%; TFSA down from 2.90% to 2.40%
  • October 24: Manulife Bank decreases its regular savings account interest rate from 2.35% to 2.15%; TFSA down from 1.45% to 1.25%
  • October 10: MAXA Financial decreases its regular savings account and TFSA interest rate from 3.25% to 3.10%

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