Compare Savings Accounts

If you’re looking for a simple place to stash some extra cash and earn a higher-than-average interest rate, EQ Bank Personal Account may be exactly what you’re looking for. It does have a few other features, including the ability to easily send International Money Transfers, but otherwise it’s mostly geared to earning you interest.

Known primarily for their pair of prepaid Mastercards, KOHO has since branched out, adding a credit building service and now a high interest savings account to its portfolio of products. KOHO Earn Interest is a unique savings account offering with several interesting and valuable features, including an impressive interest rate.

With interest rates as high as 2.25%, the Neo Cash is an excellent choice to grow your savings. In addition to this, there are no monthly fees to pay, nor is there any minimum balance that you need to keep in the account.

The EQ Bank Notice Savings Account is a unique new product from one of Canada's favourite challenger banks. This account rewards clients for planning ahead by offering impressively high interest rates. The details? Give 10 or 30-days’ notice before withdrawing funds and you'll earn 2.6% or 2.75%, respectively.

Saving for the future has never been more important. Whether you're saving for a rainy day, building an emergency fund, for planning for your eventual retirement, you want to get an account with the best savings interest rate you can.

The Tangerine US Dollar Savings Account is made for people who need a place to put some USD they have kicking around – or even deposit some income that comes in as USD. By using this account, you don’t have to convert the money to CAD, which could be a big help if the exchange rates are particularly bad.

From one of Canada's largest and most reliable banks comes the Scotiabank Momentum^PLUS Savings Account, a no-fee savings account designed to help you save money and reach your financial goals faster. It offers "premium period" interest rates and account bonuses that give you up to 4.95%,^* for the first three months.

If you're looking for a savings account with the conveniences of a chequing account, Neo Everyday Account is one of the best. You'll pay no fees and never have to worry about transaction limits, plus you'll earn a little bit of interest and up to 3% cash back.

The Tangerine Children’s Savings Account is a no-fee kid’s bank account designed to help parents and guardians encourage the habit of saving early in life. It offers a modest 0.4% interest rate, the ability to set up automatic savings plans, and a separate login for kids to manage their account online.

The BMO US Dollar Premium Rate Savings Account is available for existing BMO customers who want a place to hold any USD they have coming in, without having to convert it to Canadian dollars first. This sort of account exists so you can save money in USD when conversion rates are less beneficial, then convert it all over when exchange rates are working more in your favour. Or if you spend money in USD, you won’t have to worry about getting it converted.

The EQ Bank TFSA Savings Account is an easy way to take advantage of tax-free savings without having to worry about complicated investments or accounts. All you have to do is deposit your money as you normally would, and you'll earn a modest amount of interest that won't be taxed upon withdrawal.

The Tangerine Savings Account is a digital savings account offered by Tangerine Bank. The shining feature of this account is its welcome bonus – a strong 4.5% for 5 months. After the solid start, the interest rate goes down to 0.3%, which is still competitive with the big 5 banks.

Wealthsimple has a high interest spending account known as the Wealthsimple Chequing account. It’s actually a hybrid account that gives you fairly easy access to your money for no monthly fees. With an interest rate of 2.75%, unlimited e-Transfers, no FX fees, and 1% back on your purchases when you use your Wealthsimple Card, this account is worth taking a look at – especially for investors.

The RBC NOMI Find & Save account is one of the most unique savings accounts in Canada, taking the idea of automating your savings to the next level thanks to its predictive technology. NOMI will track the cash flow of your RBC chequing account and move over some extra cash it thinks you won't miss to your savings account automatically.

There are many high interest savings accounts to consider, including the Meridian High Interest Savings Account. It offers a competitive interest rate of 0.85% and unlimited transactions for no monthly fee. This is a good choice for anyone wanting to earn a little extra on their savings and maintain access to their funds at any time.

The Bank of Montreal has a number of savings accounts, but the BMO Savings Builder Account is designed to encourage you to become a saver, even if you’ve never been one before. It does this by having an average base interest rate of 0.1%%, but a bonus interest rate of up to 0.75% if you deposit at least $200 a month.

The BMO Premium Rate Savings Account is one of the few savings accounts that actually lets you get at your money whenever you want, including unlimited free Interac e-Transfers. And this is great for what is technically a free account.

The Oaken Savings Account is a high interest savings account from Oaken Financial. Its main draw is its top-notch rate of 2.8%. There’s also no minimum balance needed or monthly fees to save your money in this account.

The BMO Savings Amplifier Account is one of several savings accounts offered by the Bank of Montreal, providing a base interest rate of 0.7%. It's a very basic savings account that doesn’t offer much, but the security and peace of mind provided by a bank of this stature may just offset its flaws.

As one of 5 available Scotiabank savings accounts, the Scotiabank Savings Accelerator Account is one of the more unique options you can go with. That’s because you can choose to include it as part of a non-registered or registered investment plan.

Alterna Bank is a digital bank that offers a TFSA eSavings Account with a competitive interest rate of 1.15%, no monthly fees, and no minimum balance. Though it’s a lesser known online bank, your balance is still secured through the Canada Deposit Insurance Corporation (CDIC).

Alterna Bank is a digital bank that offers an RRSP eSavings Account with a competitive interest rate of 1.15%, no fees, and no minimum balance. And even though it’s a relatively unknown bank (compared to the big 5), the balance is still secured through the Canada Deposit Insurance Corporation (CDIC).

If you’re looking for a good place to stash an emergency fund where it will earn a bit of interest while still being easily accessible, the Alterna High Interest eSavings Account might be just the ticket.

The National Bank High Interest Savings Account is a product from National Bank that clients can use for funds they won't need to use on a regular basis, and it comes with a special interest rate so those funds can grow. It provides much-needed security and trustworthiness for many customers.

The Scotiabank Money Master Savings Account is Scotiabank’s basic savings account. It’s a safe and convenient way to begin saving money, as it has no monthly account fees or minimum balance requirements. It also allows for unlimited no-fee transfers to other Scotiabank accounts, meaning your money is more easily accessible than in traditional savings accounts.

The RBC High Interest eSavings account is a HISA from one of Canada’s most trusted banks, offering a standard interest rate of 0.65% with no minimum deposit required, as well as a promotional rate for the first three months. Backed by RBC’s long-standing reputation, it’s a reliable and flexible option for building your savings while keeping funds easily accessible for the future.

If you’re someone who doesn’t need to make a lot of transactions throughout the month and wants a simple way to save, the TD Every Day Savings Account could be a great option for you. TD Every Day Savings Account holders earn interest on every dollar for no monthly fee, and the account includes one free transaction per month. Additionally, it offers the convenience of free unlimited transfers between TD accounts, making it easy to use this account for savings and a chequing account for day-to-day banking.

As savings accounts go, the Canadian Western Bank Summit Savings Account is about as basic as you can get. It has no monthly fee, you can transfer funds freely from this account to other CWB accounts you may already have, and using an EXCHANGE Network ATM is free – kind of.

The Scotiabank Getting There Savings Program For Youth is a hybrid between a chequing account and a savings account, similar to other bank accounts for kids. With no monthly fee, unlimited debit transactions, a (mostly) decent interest rate, and the ability to earn Scene+ points, this account has many benefits.

The Outlook Financial High Interest Savings Account has a competitive interest rate, no monthly fees, and no minimum balance required. Plus, the benefits of working with a credit union can't be ignored.

The EQ Bank US Dollar Account is one of the best U.S. bank accounts available in Canada, offering a higher interest rate than most similar accounts, as well as many other valuable money-saving features. EQ makes it easy to move your U.S. funds around, but it doesn't offer unlimited transactions, which would be a nice added touch.

The Neo Cash Account for Youth is a kids account from one of Canada's top online banking institutions, offering a very impressive interest rate and many other valuable features. Since this is technically a hybrid account, teens can use the accompanying JA Money Card to spend and earn cash back whenever they like, all while earning a high interest rate.

The MAXA Financial High Interest Savings Account offers 1.85% interest on every penny you keep in the account, which is much more than the big banks offer. You can access your money with a debit card, which isn't always an option for online banks. And though MAXA is a division of the Westoba Credit Union (based in Manitoba), this savings account is available Canada-wide.

The EQ Bank RSP Savings Account adds a touch of convenience to your retirement savings plan. Everything is done online and is easily accessible on your accounts, so you know exactly how this portion of your savings is doing. It also provides a low-risk investment option for people who don't have a long savings timeline ahead of them.

With high transaction fees and zero interest on balances under $10,000, the TD ePremium Savings Account is pretty lacklustre. Its main draw is that it's with one of the biggest and most reliable banks in Canada.

The Tangerine TFSA is a tax-free savings account for Canadians from one of the most well-respected online banks in the country. A TFSA works like a standard savings account but you also get tax-sheltering benefits – and the Tangerine TFSA is no different.

Laurentian Bank is a well established financial institution based in Quebec, and the Laurentian Bank High Interest Savings Account is one of its most impressive products. Account holders can enjoy lucrative interest rates with no minimum balance requirements.

The RBC Day To Day Savings account account is a free savings product from one of Canada's largest and most well-established banking institutions. It's about as basic of a savings account as you'll find, but if that's what you're looking for, this product is a solid choice.

With the RBC Leo's Young Savers Account, RBC clearly demonstrates that it takes children's savings accounts seriously. This isn't a huge surprise, since we're talking about one of Canada's largest and most trusted financial institutions, but sometimes these types of accounts get overlooked.

The Scotiabank Right Size Savings for business is a business savings account that offers tiered interest rates – the more you have in the account, the higher your interest rate. There are no fees to this account and you can access your money at any time, however, at certain balances, you won't earn any interest at all.

The CIBC eAdvantage Savings Account is a basic savings account with a few convenient perks, but lacklustre interest rates. Still, as a product from one of the country's largest and most respected financial institutions, familiarity and reliability can make it feel like quite an attractive option.

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.

With a promotional interest rate of 4.5% for the first 5 months, opening a Simplii High Interest Savings Account is certainly an enticing option. You’ll also get no monthly fees, free transfers to other Simplii accounts, and CDIC protection from CIBC.

If you have U.S. income or other sources of U.S. dollars, you can save on the USD to CAD exchange rate by depositing that money into a U.S. dollar account. The Scotiabank U.S. Dollar Daily Interest Account is one of these. Not only does it give you a place to stash your American dollars, it also has a tiered interest rate that goes up based on your daily balance in the account.

The Motive Savvy Savings Account is pretty basic as far as features go – but it makes up for it with its high interest rate and overall lack of fees. Currently at 2%, this is one of the best high interest savings accounts you can get right now in Canada.