FinviloEQ Bank
10 Day Notice Savings Account
A savings account requiring 10 days of advance notice before a withdrawal.
- Savings interest rate
- 2.35%
Best high-interest savings accounts in Canada: how to choose
The best savings account is the one with a strong regular rate you can keep, no fees you would trigger, and deposit insurance. Promotional rates often last only a few months, so compare the rate you will earn after the promotion ends.
What to compare
- Regular interest rate, not only the promotional rate
- Monthly fees or withdrawal charges
- CDIC or provincial deposit insurance
- How fast you can move money to your chequing account
- Whether the account can be held inside a TFSA
Who should look elsewhere: If you need cash daily, keep a small buffer in chequing; some savings accounts charge for frequent withdrawals.
Options we list (16)
Listed alphabetically, not ranked. Placement is not affected by compensation. Confirm current terms with each provider.
EQ Bank
30 Day Notice Savings Account
A savings account requiring 30 days of advance notice before a withdrawal.
- Savings interest rate
- 2.75%
Alterna Bank
Alterna Bank High Interest eSavings Account
Online savings with no monthly fee or minimum balance. Eligible electronic transactions are included, while cheque clearing is unavailable.
- Cheque clearing
- Not available.
- Included transactions
- Unlimited bill payments, transfers, debits and Interac e-Transfers.
- Minimum balance
- None.
- Monthly account fee
- CAD 0.
CI Direct Investing
CI Direct Investing High Interest Savings Account
Savings account for short-term goals and emergency funds. No interest rate is reproduced; confirm the current rate and access terms.
- Promotion
- Account page states no promotional period.
- Account fee
- Fee-free account.
- Minimum balance
- No minimum.
CIBC
CIBC eAdvantage® Savings Account
A savings account paying regular interest on every dollar, with additional Smart Interest available when monthly saving conditions are met.
- Monthly fee
- $0
National Bank of Canada
High Interest Savings Account
A savings account paying monthly interest from the first dollar. It has no fixed monthly fees and includes unlimited online transfers between National Bank accounts.
- Savings interest rate
- 0.55%
- Monthly fee
- No fixed monthly fees
Simplii Financial
High Interest Savings Account
A savings account with no monthly or transaction fees and no minimum balance.
Full details for High Interest Savings Account (opens in new tab)EQ Bank
Joint Account
A shared savings and everyday banking account for managing money with other account holders. The listed rate is the base rate.
- Savings interest rate
- 1.50%
Scotiabank
Momentum PLUS Savings Account
A savings account that rewards longer saving periods and allows unlimited self-service transfers between Scotia accounts.
- Monthly fee
- $0
EQ Bank
Personal Account
A combined everyday banking and savings account with no everyday banking fees. The listed rate here is the base rate, excluding conditional bonus interest.
- Savings interest rate
- 1.50%
RBC Royal Bank
RBC High Interest eSavings
A savings account with no monthly fee and one included monthly withdrawal. Additional debit charges can apply.
- Monthly fee
- Free
- Savings interest rate
- 0.550%
RBC Royal Bank
RBC U.S. High Interest eSavings
A savings account with no monthly fee and one included monthly withdrawal. Additional debit charges can apply.
- Monthly fee
- Free
- Savings interest rate
- 0.250%
BMO
Savings Amplifier Account
A savings account without a monthly fee or minimum balance. Self-serve transfers to other BMO accounts are unlimited and free.
- Monthly fee
- No monthly fee
Scotiabank
Scotia High Interest Savings Account (HISA)
A savings account whose regular rate depends on the total balance in eligible Scotiabank accounts.
- Monthly fee
- $0
TD Canada Trust
TD ePremium Savings Account
A savings account with no monthly fee and interest on eligible balances of $10,000 or more. Online transfers to other TD deposit accounts are free.
- Monthly fee
- $0
TD Canada Trust
TD Growth™ Savings Account
A tiered-rate savings account with no monthly fee. Eligible TD chequing customers can earn a boosted rate.
- Monthly fee
- $0
Side-by-side comparisons
General information, not personalized financial advice.