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Best savings account options for a Disney vacation

The right savings account can help you bring your dream vacation to life.

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EQ Bank Savings Plus Account

EQ Bank Savings Plus Account logo
  • Earn 1.65% interest
  • Free transactions
  • Zero everyday banking fees
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A visit to Disney is the trip of a lifetime for many families, but it comes at a cost. From flights to accommodations and everything in between, you’ll need to start planning far in advance. The right savings account can help you fund your trip sooner and earn rewards along the way.

Tangerine Savings Account


Click here to read our full review of the Tangerine Savings Account.

Pros
  • Great introductory interest rate.
  • $0 monthly fee.
  • All everyday transactions are free and unlimited.
  • Supports an Automatic Savings Program for making recurring deposits into your account.
  • 24/7 customer service phone line.
Cons
  • Regular interest rate may not be as competitive as other savings account rates on this list.
  • No physical branches for in-person service.

EQ Bank Savings Plus Account


Annual interest rate: 1.65%

EQ Bank offers an easy, streamlined, no-hidden-fees alternative to big banks. With the EQ Bank Savings Plus Account, you can enjoy a very competitive interest rate and low costs. EQ Bank is entirely online, so you can manage your money conveniently from home. While you can’t perform cash transactions, you can easily send money to and from linked accounts at outside institutions for free. This high interest savings account is great if you’re just starting to save or are trying to build up an existing, modest-sized fund.

Check out our full review of the EQ Bank Savings Plus Account for more information.

Pros
  • Great interest rate.
  • $0 monthly fee.
  • Hidden fees: $0.
  • Can move money easily between accounts.
  • Interac e-Transfers are unlimited.
Cons
  • Some standard banking features not available such as overdraft protection, use of ATMs and the option to have paper statements.
  • No physical branches for in-person service.
  • Savings limited to $200,000 per customer.

Scotiabank MomentumPLUS Savings Account


Annual interest rate: 0.55% (increases based on how long you save)

If you need a little help staying motivated to save, then Scotiabank MomentumPLUS Savings Account might be just what you need. Earn a regular interest rate of 0.55% right away, and enjoy a bonus of up to 1.1% if you consistently contribute to your account over a certain amount of time without withdrawing from it. You can also opt in now for a promotional interest rate of 1.6% until .

Pros
  • $0 monthly fee.
  • $0 minimum balance requirement.
  • In-person service available at Scotiabank branches (note that there may be fees for certain types of teller-assisted services).
Cons
  • It takes some time to earn a higher interest rate.
  • You may be a charged a fee for Interac e-Transfers.

How we picked the best Disney vacation accounts

To narrow down the best available options for Disney vacation accounts, we considered key factors like how rewarding it was in terms of growing savings, whether or not there were any fees to deal with, whether or not there were any additional incentives to save and how easy it would be to access the money when vacation day arrived. That meant digging into account details like interest rates, fees, bonuses or rewards, account features, terms and conditions and access to your savings.

How much should I save for a Disney vacation?

Disney vacations can be the trip of a lifetime, but costs can add up quickly. Here’s what you can expect to pay for accommodations and tickets, depending on the size of your group:*

Room and ticket package (6 night, 7 day stay, tickets valid at all four theme parks)

Number of guestsPrice per person (per day)Total cost
Family of 4$139$3,892

Room, ticket and dining package (6 night, 7 day stay, tickets valid at all four theme parks)

Number of guestsPrice per person (per day)Total cost
Family of 4$192$5,376

*Prices accurate as of December 19th, 2019. Check the Disney World website for the most up-to-date pricing information.

Keep in mind that these don’t include expenses such as:

  • Tax
  • Snacks
  • Drinks
  • Souvenirs
  • Transportation
  • Magical extras
  • Tips
  • Toys
  • Pictures

What if I can’t quite save enough?

If you’ve set a goal and planned out your Disney vacation savings but it won’t quite cover the cost or you’re on a tight timeline to get there, consider one of many Disney vacation financing options, like a Disney rewards credit card or a low-interest personal loan. You can also watch for discounts or find ways to save on travel or dining.

How to compare Disney vacation savings accounts

No matter how many people you’re planning on bringing with you, use the following criteria to compare savings accounts to help you reach your savings goal:

Compare with other savings accounts

1 - 4 of 4
Name Product Interest Rate Promotional Interest Rate Min. Bal / Min. Deposit Account Fee
Simplii High Interest Savings Account
0.10%
3.00%
$0 / $0
$0
Earn 3.00% interest on your savings. Open an account and get a special interest rate for deposits up to $1,000,000. Conditions apply. Valid until October 31, 2022.
KOHO Earn Interest
1.20%
N/A
$0 / $0
$0
Use promo code FINDERCODE and get a $20 cash bonus when you make your first purchase within 30 days. Opt into earning interest for free and earn 1.20% on your balance, plus an additional 0.50% in cash back on every purchase you make.
Neo Money Account
1.80%
N/A
$0 / $0
$0
Get a competitive interest rate and unlimited free transactions with no monthly fees or minimum balances.
EQ Bank Savings Plus Account
1.65%
N/A
$0 / $0
$0
Get a $150 signup bonus when you open an account and switch your eligible recurring payroll direct deposit to EQ. Apply by July 13, 2022. Plus, enjoy zero everyday banking fees, free transactions and no minimum balance.
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Compare up to 4 providers

Bottom line

With the right approach, you can make your Disney vacation dreams a reality. Calculate how much it’ll cost your family to visit, then work out a budget or savings plan to fund your trip.

The right savings account can help you reach your goal sooner with the power of compound interest, so compare your options to find one that fits your needs.

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