Next, make sure the account offers a goodinterest rate. It’s important to be mindful of “teaser” or “promo” rates versus regular rates. Many Canadian banks offer higher promotional rates when you first open a HISA, but those rates only last a short time (sometimes five or six months...
Is it worth switching banks for a Manulife Bank promotion? Manulife promotions vs. other Canadian bank offers on now Guides Compare savings accounts Compare bank interest rates How is interest taxed on my savings account Types RESPs RRSP TFSA Reviews CIBC EQ KOHO National Bank Neo Financial...
Best for high on-going interest rate: EQ Bank Notice Savings Account The EQ Bank Notice Savings Account is our pick for the best ongoing interest rates in Canada. It’s a unique account on the Canadian market because, if you agree to wait longer to withdraw your money from the account, ...
The best Canadian high interest savings accounts for 2025 combine a mix of high interest rates, with no-fee banking, and elite user-friendly platforms. One thing to note right off the top: If your savings goal is more than 6 months in the future, you should likely be checking out ourBes...
Another option is a tax-free savings account (TFSA), which allows you to avoid taxes on interest earnings. Many banks offer high-interest tax-free savings accounts. These accounts come with contribution limits and rules about withdrawals, but they can be a good option for saving towards retirem...
The best Canadian high interest savings accounts for 2025 combine a mix of high interest rates, with no-fee banking, and elite user-friendly platforms. One thing to note right off the top: If your savings goal is more than 6 months in the future, you should likely be checking out ourBes...
When the Bank of Canada raises its benchmark interest rate, financial institutions across the country also increase their prime rates. This then leads to banks increasing interest rates on savings accounts, GICs and mortgages. On the flipside, when the Bank of Canada lowers its benchmark rate, ...