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.
This account used to be called the Implicity Financial High Rate Savings Account, but Implicity Financial merged under the Assiniboine Credit Union banner in mid-2022. When this merger occurred, the details of the savings account changed too. One of the biggest changes is that you're now limited to just one transaction per month, rather than unlimited.
What you get with the Outlook Financial High Interest Savings Account
Here's what an Outlook Financial High Interest Savings Account has to offer.
Verified on September 15, 2025
Why You Want It
Earn up to 1.85% interest in the account + Deposits are 100% guaranteed.
Special Features
- Competitive interest rate
- Deposits are guaranteed by the Guarantee Corporation of Manitoba
Eligibility
- At least 18 years old
- Tesident of Canada
- $5 one-time credit union membership fee
Provinces
ALL
Interest Rates
Any balance
1.85%
Features
# Of Free Transactions
1
# 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 Outlook Financial High Interest Savings Account: 3.6 stars
The Outlook Financial High Interest Savings account has a lot to offer, but it has certainly changed from the Implicity Financial account we used to know. The best part is the 1.85% interest rate, which makes up for a lot of previously enjoyed features.
This account is about what you'd expect from a high interest savings account from an online bank. The interest rate is worth sacrificing a few frills, including a welcome bonus and physical branch locations.
Rating methodology
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.
Learn more about our rating methodology.
What's good about the Outlook Financial High Interest Savings Account
Here's what the Outlook Financial HISA has going for it.
Pros
The interest rate is top notch
You'll earn 1.85% on every dollar in your Outlook Financial savings account, which is calculated daily and paid out monthly. While it's not the highest interest rate available for a Canadian savings account, it's still quite valuable. And it's significantly better than what most of the Big 5 Banks offer their customers.
All deposits are 100% guaranteed
While Outlook Financial isn't covered by the CDIC, all deposits are guaranteed by the Deposit Guarantee Corporation of Manitoba (DGCM), without limit. While they work on a smaller scale, the DGCM works with all credit unions and caisse populaires in Manitoba, essentially providing the same services and setting the same standards as the CDIC. It's in large part due to this corporation's guidance that no client funds were affected during the merger between Implicity Financial and Outlook Financial.
Dealing with a credit union can be refreshing
Outlook Financial is a division of Assiniboine Credit Union, which can be a nice change. Credit unions are non-profit organizations made up of members instead of clients or customers, and they pay any excess funds back to its members in various ways. Outlook Financial, as well as other credit unions, don't have as many branches or even financial products as typical banks, but the previously mentioned benefits can more than make up for this.
What to watch out for with the Outlook Financial High Interest Savings Account
There are a couple of minor drawbacks to an Outlook Financial high interest savings account.
Cons
No promotional rates or welcome offers
This may be due in part to its status as a credit union, but Outlook Financial doesn't offer any welcome bonuses or special interest rates with its savings accounts or any other of its products. Many smaller banks, including online-only banks, don't have special welcome offers either, but the big banks sure do. It's still something we'd like to see change.
Limited to one free transaction per month
The point of a high interest savings account is to save, so it makes sense that Outlook Financial includes only one transaction with this account, but some competitors still offer more. If you think you'll need to move funds around more than once, whether it's writing a cheque, swiping a debit card, or something else – this account probably isn't the right one for you.
Best alternatives to the Outlook Financial High Interest Savings Account
Not sure if an Outlook Financial High Interest Savings Account is right for you? Here's how it measures up to a few other options in Canada.
 |  | |  | |
|---|---|---|---|---|
| Account | Outlook Financial High Interest Savings Account | Scotiabank Money Master Savings Account | Scotiabank MomentumPLUS Savings Account | EQ Bank US Dollar Account |
| Genius Rating | ||||
| Why You Want It | Earn up to 1.85% interest in the account + Deposits are 100% guaranteed. |  $50 GeniusCash + Automatically save with every debit purchase through Bank The Rest. | Get up to 4.75%* interest on your money + No monthly fees. | Earn 2.5% interest + Send international money transfers using Wise. |
| Interest Rates |
|
|
|
|
| # Of Free Transactions | 1 | 0 | 0 | 0 |
| # Of Free Interac E-Transfers | 0 | 0 | 0 | 0 |
| Max Promotion Rate | N/A | N/A | 4.75% | N/A |
| Welcome Bonus Value | N/A | N/A | N/A | N/A |
| Promo End Date | N/A | N/A | See Issuer for Details | N/A |
| Open an account See more Outlook Financial products Compare | I Want This Deal See more Scotiabank products Compare | Open an account See more Scotiabank products Compare | Learn More See more EQ Bank products Compare |
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Outlook Financial High Interest Savings Account frequently asked questions
What is Outlook Financial?
Outlook Financial is an online-only banking institution that's headquartered in Winnipeg. It's a division of Assiniboine Credit Union, and so new clients are required to purchase an annual $5 share in order to join. In part because of its credit union status, Outlook Financial is able to offer very competitive interest rates, including what's offered for their high interest savings account.
What are the Outlook Financial rates for their high interest savings account?
Outlook Financial has a 1.85% interest rate for its high interest savings account, which is one of the highest rates in Canada. There aren't any fees for this account either, but only one transaction is included each month. You can read more about this account's features right here.
What happened to the Implicity financial HISA?
Implicity Financial merged under the Assiniboine Credit Union banner in mid-2022, and the Implicity financial HISA is now known as the Outlook Financial High Interest Savings Account. The main difference between the accounts is that you only getne free transaction per month now, when in the past you had unlimited.
Why should I choose an Outlook Financial High Interest Savings Account?
The high interest rates are one big reason why people choose an Outlook Financial High Interest Savings Account, but there are other reasons too. There aren't any fees for this account, no minimum balance is required, and the online-only format is very convenient for many people. Plus, many people enjoy working with a credit union instead of a traditional bank.
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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