The Canadian Tire High Interest Savings Account makes it easy to grow your money with a competitive 2.4% interest rate, no minimum balance requirements, and no monthly fees. You’ll also get unlimited transfers between Canadian Tire accounts through the Triangle app, giving you a straightforward and flexible way to stay on top of your finances.
The Canadian Tire High Interest Savings Account has no lock-in period, so you can access your money as soon as you deposit it. While this account is available to most Canadians, it’s worth noting that eligibility doesn’t currently extend to Quebec residents.
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What you get with the Canadian Tire High Interest Savings Account
The Canadian Tire High Interest Savings Account offers a range of features. In the table below, we’ve provided details about the account, so you can review them to determine whether it’s the right choice for you.
Verified on September 8, 2025
Why You Want It
Earn an interest rate of 2.4% + Make withdrawals anytime you need.
Eligibility
- Age of majority
Provinces
AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, SK, YT
Interest Rates
Any balance
2.4%
Features
# Of Free Transactions
0
# Of Free Interac E-Transfers
0
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
Our rating for the Canadian Tire High Interest Savings Account: 2.7 stars
With interest rates as high as 2.4% and no monthly fee or minimum balance requirements, this really helps jack up the rating and give confidence to those wanting to get their investments going.
That said, this account loses points in terms of not including free transactions (other than internal Canadian Tire-to-Canadian Tire account transactions), as well as no welcome bonuses or any boosted promo rates. Additionally, there are no Interac e-Transfers or debit transactions possible. We'll get into more of the details in the sections below, but the pros and cons sort of balance out to only an average rating.
Learn more about our rating methodology.
What's good about the Canadian Tire High Interest Savings Account
Here are the highlights of this high interest account.
Pros
Earns an impressive interest rate
Compared to chequing accounts, savings accounts offer higher interest rates, and with this account, it's no different. Here, you can take advantage of a lucrative interest rate of 2.4%. That's much better than earning nothing by having your money languish in a chequing account.
Unlimited transfers between Canadian Tire accounts
The Canadian Tire High Interest Savings Account offers good flexibility for withdrawals, ensuring that account holders can access their funds anytime they need. This is made possible through easy-to-use online banking and phone services, allowing customers to make withdrawals quickly and efficiently from wherever they choose to transact.
No monthly fees or minimum balance required
There are no monthly fees you have to sink your savings into, nor is there any ridiculously high minimum balance that'll have you digging through the couch cushions to try and meet. This makes the account accessible to a wide variety of people while not gouging you with fees that will make you question whether or not you're actually getting ahead.
What to watch out for with the Canadian Tire High Interest Savings Account
Here are some things to look out for when it comes to this account:
Cons
No extra perks or benefits available
The Canadian Tire High Interest Savings Account doesn’t include additional perks or benefits that are sometimes found with other accounts. Unlike some savings accounts that provide welcome bonuses or awards like cash back, this account focuses solely on the fundamental aspects of saving.
Limited customer service options available
While the account does offer 24/7 online banking, Canadian Tire’s telephone customer service is only available from 8 AM to 6 PM ET on weekdays. Account holders having trouble cannot get service outside of these windows, which could become problematic if there’s an urgent issue like fraud or being locked out of the account.
Not available for residents of Quebec
This account is not available for residents of Quebec, which is something to consider if you currently live in Quebec or if you plan to move there in the future. For those of you who reside in Quebec, another savings option is Outlook Financial High Interest Savings Account, which currently offers a 1.85% interest rate.
Best alternatives to the Canadian Tire High Interest Savings Account
Now let’s look at some alternatives to the Canadian Tire High Interest Savings Account:
 |  | |  | |
|---|---|---|---|---|
| Account | Canadian Tire High Interest Savings Account | Scotiabank Right Size Savings for business | Scotiabank Money Master Savings Account | Wealthsimple Chequing |
| Genius Rating | ||||
| Why You Want It | Earn an interest rate of 2.4% + Make withdrawals anytime you need. | Get an interest rate of up to 2.15%. |  $50 GeniusCash + Automatically save with every debit purchase through Bank The Rest. | Earn up to 2.75% interest + Get 1% back in cash, stock, or crypto on your purchases. |
| Interest Rates |
| Savings
|
|
|
| # Of Free Transactions | 0 | 0 | 0 | Unlimited |
| # Of Free Interac E-Transfers | 0 | 0 | 0 | Unlimited |
| Max Promotion Rate | N/A | 3.15% | N/A | N/A |
| Welcome Bonus Value | N/A | N/A | N/A | N/A |
| Promo End Date | N/A | N/A | N/A | N/A |
| Open an account See more Canadian tire products Compare | Open an account See more Scotiabank products Compare | I Want This Deal See more Scotiabank products Compare | Learn More See more Wealthsimple products Compare |
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Canadian Tire High Interest Savings Account frequently asked questions
What is the Canadian Tire High Interest Savings Account rate?
The Canadian Tire High Interest Savings Account offers an impressive 2.4% interest rate, which is on par with or higher than a lot of the competition. It also does not have any monthly fees or minimum balance requirements.
How do I open a Canadian Tire High Interest Savings Account?
To apply for the Canadian Tire High Interest Savings Account, Canadian residents (excluding Quebec) of legal age can navigate to the Canadian Tire webpage, click Apply Now, then get started by providing their contact and personal information. Applicants must also complete Direct Transfer Authorization and Declaration of Tax Residence forms.
Is there a Canadian Tire High Interest Savings Account promotion?
No, Canadian Tire is currently not offering any promotions to entice consumers to sign up for the Canadian Tire High Interest Savings Account. If you’re interested in opening an account that does have a promotional offer, we have a handy list with all of the new bank account offers.
Is the Canadian Tire High Interest Savings Account a TFSA?
No, the Canadian Tire High Interest Savings Account is not a tax-free savings account, but Canadian tire does have a few TFSA options, including a high-interest savings account.
How our rating system works
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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