Last updated: September 5, 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.
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
Recent changes
- September 6: EQ Bank decreases its regular savings account interest rate from 2.50% to 2.25%; TFSA down from 3.00% to 2.75%
- September 5: Achieva Financial decreases its regular savings account and TFSA interest rate from 3.35% to 3.25%
- September 5: Hubert Financial decreases its regular savings account interest rate from 3.10% to 2.85%; TFSA down from 3.15% to 2.90%
- August 8: Saven Financial decreases its regular savings account and TFSA interest rate from 4.05% to 3.85%
- August 6: Peoples Trust decreases its regular savings account and TFSA interest rate from 3.40% to 3.00%
- August 1: Laurentian Bank decreases its regular savings account and TFSA interest rate from 3.00% to 2.85%
- July 31: MAXA Financial decreases its regular savings account and TFSA interest rate from 3.45% to 3.25%
- July 29: Wealthsimple decreases its regular savings account interest rate from 4.00% to 3.50%
- July 26: Alterna Bank decreases its regular savings account and TFSA interest rate from 2.25% to 2.00%
- July 26: Manulife Bank decreases its regular savings account interest rate from 2.60% to 2.45%
- July 25: Achieva Financial decreases its regular savings account and TFSA interest rate from 3.50% to 3.35%
- July 25: Hubert Financial decreases its regular savings account interest rate from 3.35% to 3.10%; TFSA down from 3.40% to 3.15%
- July 25: motusbank decreases its regular savings account and TFSA interest rate from 2.05% to 1.85%
- July 25: Outlook Financial decreases its regular savings account and TFSA interest rate from 3.45% to 3.25%
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