Best high interest savings accounts of March 2023

Our ‘promoted for’ products are presented as a result of a commercial advertising arrangement or to highlight a particular feature. Promoted products are not a recommendation, an indication a product is the best in its category, nor represent all products in the market. It is important to compare your options and find the right product for you.

• Promoted for Highest Ongoing Interest Rate: We selected the EQ High Interest Savings Account for this category because they offer the highest ongoing interest rate (not including a signup bonus). In addition to offering a higher than average ongoing rate, this account also comes with free and unlimited transactions and no account or minimum deposit fees.
• Promoted for Saving & Spending Account: We selected the Neo Money Account for this category because this account serves as both a spending and saving account. It’s a powerful everyday account where you can earn interest on your money, enjoy unlimited and free transactions and pay no monthly account fee.
• Promoted for Highest Bonus Interest: We selected the Simplii High Interest Savings Account for this category because this account offers a high bonus interest rate for a specified time period. Taking advantage of a signup interest rate can help to accelerate your savings at the beginning. In addition to offering a high bonus rate, you’ll earn an ongoing – but lower- interest rate once the bonus rate comes to an end, as well as paying no account fees and taking advantage of free transfers and transactions.
• Promoted for Saving and Chequing Account Bundle: We selected the BMO Performance Chequing Account and the Savings Amplifier Account for this category. BMO offer a strong welcome bonus with both accounts when you open them both as a bundle. In addition to earning a high interest rate with the savings account and earning a $400 bonus with the chequing account, you can take advantage of many other powerful features with both accounts.