Savings Accounts

Compare high-interest, TFSA, RRSP, FHSA and RESP savings account rates from Canadian banks, with CDIC coverage shown.

Best High-Interest Savings Accounts in Canada
ProductProviderTypeRatePromo rate
Saven Financial High-Interest Savings AccountSaven Financialhigh-interest2.85%—
Oaken Financial Savings AccountOaken Financialhigh-interest2.8%—
Wealth One Bank of Canada High-Interest Savings AccountWealth One Bank of Canadahigh-interest2.6%—
Wealthsimple Cash High-Interest Savings AccountWealthsimplepersonal2.5%—
Canadian Tire Bank High-Interest Savings AccountCanadian Tire Bankhigh-interest2.4%—
EQ Bank Notice Savings AccountEQ Bankhigh-interest2.35%—
Kawartha Financial Services High Interest eSavings AccountKawartha Financial Servicestfsa2.25%—
Steinbach Credit Union TFSA AccountSteinbach Credit Uniontfsa2.25%—
Kawartha Financial Services High Interest eSavings AccountKawartha Financial Servicesrrsp2.25%—
Laurentian Bank High-Interest Savings AccountLaurentian Bankhigh-interest2.2%—
Neo Savings AccountNeo Financialpersonal2%—
Steinbach Credit Union High-Interest Savings AccountSteinbach Credit Unionhigh-interest2%—
BMO First Home Savings AccountBank of Montrealfhsa2%—
Home Trust High-Interest Savings AccountHome Trust Companyhigh-interest1.9%—
Achieva Savings Daily Interest Savings AccountAchieva Savingshigh-interest1.8%—
Manulife Bank Advantage AccountManulife Bankpersonal1.5%3%
EQ Bank Tax Free Savings AccountEQ Banktfsa1.5%—
EQ Bank Retirement Savings PlanEQ Bankrrsp1.5%—
EQ Bank First Home Savings AccountEQ Bankfhsa1.5%—
CI Direct Investing High-Interest Savings AccountCI Direct Investinghigh-interest1.25%—
Peoples Trust e-Savings AccountPeoples Trusthigh-interest1.2%—
EQ Bank Personal AccountEQ Bankpersonal1%2.75%
National Bank of Canada High-interest Savings AccountNational Bank of Canadahigh-interest0.55%—
TD Bank High Interest TFSA Savings AccountTD Banktfsa0.5%—
Scotiabank Momentum PLUS Savings AccountScotiabankhigh-interest0.4%—
CIBC eAdvantage Savings AccountCIBChigh-interest0.3%4.6%
Coast Capital Savings High-Interest Savings AccountCoast Capital Savingshigh-interest0.3%—
Tangerine Savings AccountTangerinepersonal0.3%4.5%
Tangerine Tax-Free Savings AccountTangerinetfsa0.3%5%
CIBC Tax Advantage Savings AccountCIBCtfsa0.3%—
Tangerine RSP Savings AccountTangerinerrsp0.3%5%
Scotiabank Savings Accelerator Account (TFSA)Scotiabanktfsa0.25%—
Bank of Montreal BMO TFSA Saving AccountBank of Montrealtfsa0.05%—
RBC Royal Bank Leo's Young Savers AccountRBC Royal Bankyouth0.01%—
TD Bank Youth Savings AccountTD Bankyouth0.01%—
KOHO Spending and Savings AccountKOHO Financial Incpersonal——
RBC High-Interest eSavings AccountRBC Royal Bankhigh-interest—4.6%
Simplii Financial High-Interest Savings AccountSimplii Financialhigh-interest—4.6%
CIBC First Home Savings AccountCIBCfhsa——
Scotiabank First Home Savings AccountScotiabankfhsa——
TD First Home Savings AccountTD Bankfhsa——
National Bank First Home Savings AccountNational Bank of Canadafhsa——
Desjardins First Home Savings AccountDesjardinsfhsa——
Questrade First Home Savings AccountQuestradefhsa——
Wealthsimple First Home Savings AccountWealthsimplefhsa——
RBC Direct Investing First Home Savings AccountRBC Direct Investingfhsa——
Justwealth RESPJustwealthresp——
Questrade RESPQuestraderesp——
Wealthsimple RESPWealthsimpleresp——

Rates and details as of 2026-10-06

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