#1 EQ Bank – Our Top Canadian High Interest Savings Account EQ tops our list of Canada’s best high interest savings accounts. Its excellent interest rates and low fees are enough to catch our attention, but EQ Bank has more up its sleeves. ...
These virtual banks were introduced to the Canadian market more than two decades ago and were appealing due to the high interest rates that they offered. These days, there are more digital banks in Canada and interest rates have dropped, but the debate about which online savings account is ...
and a saving account, the PC Money Account has been revamped to offer one of the highest on-going interest rates in Canada. With no monthly fee and unlimited free transactions, you can earn PC Optimum points every time you spend and earn a high interest rate of 4.25% on your savings. ...
Still, high-interest savings accounts may offer a rate of return that’s lower than other investment options. Current rates for Canadian HISAs typically fall into the 1-2.50% range although some institutions may provide special promotional rates above 4%. ...
When comparing the best Canadian savings accounts, we considered key factors including the interest rate, how rewarding an account is in terms of growing savings and how easy it was to open. That meant digging into account details like type, annual percentage yield (APY), monthly fee, minimum...
The EQ Bank Personal Account is a perfect example of a hybrid bank account done right. That’s why it’s also our top pick for Best Free Canadian Bank Account and the best high interest savings account in Canada. For the princely sum of $0 you get: Interest rate of 3.75% when you se...
The standout feature of the Tangerine Children’s Savings Account is its fantastic 1.10% interest rate, which is by far the highest on our list. This is on par with some of the best rates available for adult savings accounts. That’s saying something. ...
TD High-Interest Savings account The interest rates on these accounts vary. TD’s youth bank account pays a 0.01% interest rate on your balance. TD Credit Cards TD has credit cards offering cash back, Aeroplan Miles, low rates, no annual fees, and TD travel rewards. Some of the ones we...
You may also find a few Canadian online banks having a handful of branches, but they function mainly online. These banks also offer better High-Interest Savings Account (HISA) rates than traditional brick-and-mortar banks in Canada do. Considering these and several other perks, we’ve listed...
Who is the account best suited for? Affirm is different from a mobile bank, offering installment loans and buy-now-pay-later options. However, applying for a personal loan is usually a better option. The impact of COVID-19: With savings account interest rates closely linked to the overnight...