{"id":1046505,"date":"2024-10-25T14:14:51","date_gmt":"2024-10-25T18:14:51","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1046505"},"modified":"2026-05-21T05:31:42","modified_gmt":"2026-05-21T09:31:42","slug":"savings-account-interest-rates","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/savings-accounts\/savings-account-interest-rates","title":{"rendered":"Savings account interest rates"},"content":{"rendered":"<p>The interest rate is the most important factor to consider when comparing savings accounts\u2014the higher the rate, the faster your balance will grow. In this guide, we\u2019ll show you the best savings account interest rates from the Big Five, popular digital banks and major credit unions to help you choose an account and reach your savings goals sooner.<\/p><h3>Summary: Savings account interest rates in Canada<\/h3><p>Check out the table below for savings account interest rates currently available from a wide range of major banks, digital banks and credit unions in Canada.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 15%;\" scope=\"col\">Bank<\/th><th style=\"text-align: left; width: 15%;\" scope=\"col\">Savings account<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Standard interest rate<\/th><th style=\"text-align: left; width: 35%;\" scope=\"col\">Promo rate<\/th><th style=\"text-align: left; width: 15%;\" scope=\"col\">Learn more<\/th><\/tr><\/thead><tbody><tr><td><strong>EQ Bank<\/strong><\/td><td>Notice Savings Account<\/td><td>2.35% - 2.75%<span class=\"table-popover\" rel=\"popover\" data-content=\"Earn 2.75% interest if you choose a 30-day withdrawal notice period or 2.35% interest if you choose a 10-day notice period.\" title=\"\" data-original-title=\"More info\"><\/span><\/td><td>        \n    \n\nNo promotion available<\/td><td><section class=\"hero-rates__cta\">\r\n        <div class=\"applylinks CAFSA has-margin-top-small\">\r\n          <a class=\"luna-button luna-button--success luna-button--cta has-margin-bottom-xsmall\" rel=\"nofollow\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/eq-notice-savings-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22552b8709-1977-4924-9e43-3242d02b273b%22%2C%22product_name%22%3A%22EQ%2BBank%2BNotice%2BSavings%2BAccount%22%2C%22offer_id%22%3A%2224994%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.HERO_BUTTON_DYNAMIC_CTA%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\">\r\n            Go to site\r\n          <\/a>\r\n\r\n        <\/div>\r\n      <\/section><\/td><\/tr><tr><td><strong>Scotiabank<\/strong><\/td><td> Scotia High Interest Savings Account<\/td><td>0.75%<\/td><td>        \n    \n\nEarn up to 5% for the first 3 months when you open your first Scotia High Interest Savings Account. T&amp;Cs apply.<\/td><td><div class=\"media__btn\"><section class=\"hero-rates__cta\">\r\n                            <div class=\"has-margin-top-small\">\r\n\t\t\t\t\t  <a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/scotiabank-savings\/scotia-high-interest-savings-account-review\" rel=\"nofollow\" class=\"luna-button luna-button--primary luna-button--ghost luna-button--cta has-margin-bottom-xsmall\">\r\n\t\t\t\t\t\tRead review\r\n                              <\/a><\/div>\r\n\t\t\t\t  <\/section><\/div><\/td><\/tr><tr><td><strong>Neo<\/strong><\/td><td>Savings Account<\/td><td>2.25% \u2013 3%<\/td><td>        \n    \n\nNo promotion available<\/td><td><\/td><\/tr><tr><th style=\"border-top: none !important; padding-top: 0 !important; font-weight: normal !important;\" colspan=\"5\"><article class=\"luna-card--border luna-card--alt\"><div class=\"luna-card__block\"><span class=\"gx-badge__body hasPopover\" style=\"margin-right: 2rem\" rel=\"popover\" data-content=\"\" data-html=\"true\" data-original-title=\"\" title=\"\">Exclusive<\/span><div class=\"has-padding-xsmall\"><\/div><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-4\/5@s u-1\/1\"><p style=\"font-size: 110%;\">+ Get an <strong>$80 digital Visa Card<\/strong> when you open a Neo Savings Account online through Finder. Become a Finder Member in seconds for free to claim your reward. <strong>Offer ends June 15, 2026<\/strong>. T&amp;Cs apply.<\/p><\/div><div class=\"u-grid__col u-1\/5@s u-1\/1\" style=\"display: flex; justify-content: center;\"><p style=\"text-align: center;\"><\/p><div class=\"rewards--element-container rewards--container\" data-product-id=\"0b4f0b20-d534-4e79-936c-6ffe0021ea2b\" data-niche=\"CAFSA\" data-product-name=\"Neo Savings Account\" data-provider-name=\"Neo Financial\" data-rewards-campaign-name=\"neo_savings_cafsa_april_2026\"><script type=\"text\/javascript\">window.rewardsConfigs = window.rewardsConfigs || {};window.rewardsConfigs[\"neo_savings_cafsa_april_2026\"] = {\"startDate\":\"2026-04-15T08:00:00.000Z\",\"endDate\":\"2026-06-15T20:59:59.000Z\",\"showVisaLogo\":true,\"minimalUx\":true,\"countryCode\":\"CA\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"bannerConfig\":{\"badgeText\":\"FINDER REWARDS EXCLUSIVE\",\"title\":\"Get $80 from Finder\",\"titleHighlight\":\"$80\",\"copyText\":\"Become a Finder Member \\u0026 open a \\u003Cb\\u003ENeo Financial Savings Account\\u003C\\\/b\\u003E online through Finder to receive a \\u003Cb\\u003E$80 digital Visa card\\u003C\\\/b\\u003E. Offer ends June 15, 2026.\",\"termsText\":\"Separate T\\u0026Cs apply.\",\"ctaText\":\"GET DEAL\",\"iconUrl\":\"https:\\\/\\\/www.finder.com.au\\\/parent-theme\\\/members\\\/prod\\\/images\\\/rewards-icon.d44fdf8dde3fe4daca8c6a17d56489ca.svg\",\"nicheText\":\"\",\"mode\":\"modal\",\"metaData\":{\"productId\":\"0b4f0b20-d534-4e79-936c-6ffe0021ea2b\"},\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-neo\",\"nicheCode\":\"CAFSA\",\"value\":\"80\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/neo-savings-account-promotion-april-june-2026\",\"validationDate\":\"2026-07-15T17:00:00.000Z\",\"fulfillmentDate\":\"2026-07-30T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/neo-savings-account-promotion-terms-and-conditions-april-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"},\"modalConfig\":{\"requireName\":true,\"title\":\"Get $80 from Finder\",\"subtitleText\":\"Your Visa card will be delivered here. Your details must match your new Neo Financial account\",\"items\":[{\"icon\":\"user\",\"text\":\"Become a Finder Member for free in under 1 minute\"},{\"icon\":\"shopping-bag\",\"text\":\"Open a Neo Financial Savings Account online through Finder\"},{\"icon\":\"confetti\",\"text\":\"Receive your $80 digital Visa card from Finder on or before July 30, 2026\"}],\"heading\":\"Get $80 from Finder\",\"membersHeading\":\"Get $80 from Finder\",\"text\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Become a Finder Member for free in under 1 minute\\n* Open a \\u003Cb\\u003ENeo Financial Savings Account\\u003C\\\/b\\u003E online through Finder\\n* Receive your $80 digital Visa card from Finder on or before July 30, 2026\",\"membersText\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Open a \\u003Cb\\u003ENeo Financial Savings Account\\u003C\\\/b\\u003E online through Finder\\n* Receive your $80 digital Visa card from Finder on or before July 30, 2026\",\"emailCaption\":\"Your Visa card will be delivered here. Your details must match your new Neo Financial account\",\"continueText\":\"GET $80 REWARD\",\"abortText\":\"SKIP REWARD, CONTINUE TO NEO FINANCIAL\",\"copyText\":\"Ends on June 15, 2026\",\"termsText\":\"T\\u0026Cs apply\",\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-neo\",\"nicheCode\":\"CAFSA\",\"value\":\"80\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/neo-savings-account-promotion-april-june-2026\",\"validationDate\":\"2026-07-15T17:00:00.000Z\",\"fulfillmentDate\":\"2026-07-30T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/neo-savings-account-promotion-terms-and-conditions-april-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"}};<\/script> <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/neo-savings-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Get%2Boffer%22%2C%22site%22%3A%22CAFSA%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%22%2C%22offer_id%22%3A%2227131%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22product_id%22%3A%220b4f0b20-d534-4e79-936c-6ffe0021ea2b%22%2C%22product_name%22%3A%22Neo%2BSavings%2BAccount%22%2C%22provider_id%22%3A%22527000d2-f183-4ae1-848a-6dd199a98cae%22%2C%22provider_name%22%3A%22Neo%2BFinancial%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--success rewards--cta\">Get offer<\/a><\/div><\/div><\/div><\/div><\/article><\/th><\/tr><tr><td><strong>KOHO Essential Plan<\/strong><\/td><td>High Interest Savings Account<\/td><td>2%<\/td><td>        \n    \n\nNo promotion available<\/td><td><section class=\"hero-rates__cta\">\r\n                            <div class=\"has-margin-top-small\">\r\n\t\t\t\t\t  <a href=\"https:\/\/www.finder.com\/ca\/prepaid-cards\/koho\/koho-save-review\" rel=\"nofollow\" class=\"luna-button luna-button--primary luna-button--ghost luna-button--cta has-margin-bottom-xsmall\">\r\n\t\t\t\t\t\tRead review\r\n                              <\/a><\/div>\r\n\t\t\t\t  <\/section><\/td><\/tr><tr><td><strong>KOHO Everything Plan<\/strong><\/td><td>High Interest Savings Account<\/td><td>3.50%<\/td><td>        \n    \n\nNo promotion available<\/td><td><\/td><\/tr><tr><th style=\"border-top: none !important; padding-top: 0 !important; font-weight: normal !important;\" colspan=\"5\"><article class=\"luna-card--border luna-card--alt\"><div class=\"luna-card__block\"><span class=\"gx-badge__body hasPopover\" style=\"margin-right: 2rem\" rel=\"popover\" data-content=\"\" data-html=\"true\" data-original-title=\"\" title=\"\">Exclusive<\/span><div class=\"has-padding-xsmall\"><\/div><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-4\/5@s u-1\/1\"><p style=\"font-size: 110%;\">+ Get a <strong>$75 digital Visa Card<\/strong> when you open and fund the <strong>KOHO Everything Plan<\/strong> online through Finder. Become a Finder Member in seconds for free to claim your reward. <strong>Offer ends June 30, 2026<\/strong>. T&amp;Cs apply.<\/p><\/div><div class=\"u-grid__col u-1\/5@s u-1\/1\" style=\"display: flex; justify-content: center;\"><p style=\"text-align: center;\"><\/p><div class=\"rewards--element-container rewards--container\" data-product-id=\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\" data-niche=\"CAFSA\" data-product-name=\"KOHO Everything Plan\" data-provider-name=\"KOHO\" data-rewards-campaign-name=\"koho|everything|may-2026~cafsa\"><script type=\"text\/javascript\">window.rewardsConfigs = window.rewardsConfigs || {};window.rewardsConfigs[\"koho|everything|may-2026~cafsa\"] = {\"startDate\":\"2026-05-01T08:00:00.000Z\",\"endDate\":\"2026-06-30T20:59:59.000Z\",\"showVisaLogo\":true,\"minimalUx\":true,\"countryCode\":\"CA\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"bannerConfig\":{\"badgeText\":\"FINDER REWARDS EXCLUSIVE\",\"title\":\"Get $75 from Finder\",\"titleHighlight\":\"$75\",\"copyText\":\"Become a Finder Member \\u0026 open and fund the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder to receive a \\u003Cb\\u003E$75 digital Visa card\\u003C\\\/b\\u003E. Offer ends June 30, 2026.\",\"termsText\":\"Separate T\\u0026Cs apply.\",\"ctaText\":\"GET DEAL\",\"iconUrl\":\"https:\\\/\\\/www.finder.com.au\\\/parent-theme\\\/members\\\/prod\\\/images\\\/rewards-icon.d44fdf8dde3fe4daca8c6a17d56489ca.svg\",\"nicheText\":\"\",\"mode\":\"modal\",\"metaData\":{\"productId\":\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\"},\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-koho\",\"nicheCode\":\"CAFSA\",\"value\":\"75\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/koho-everything-plan-promotion-may-june-2026\",\"validationDate\":\"2026-07-30T17:00:00.000Z\",\"fulfillmentDate\":\"2026-08-14T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-koho-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"},\"modalConfig\":{\"requireName\":true,\"title\":\"Get $75 from Finder\",\"subtitleText\":\"Your Visa card will be delivered here. Your details must match your new KOHO account\",\"items\":[{\"icon\":\"user\",\"text\":\"Become a Finder Member for free in seconds\"},{\"icon\":\"shopping-bag\",\"text\":\"Open and fund the KOHO Everything Plan within the promotion period\"},{\"icon\":\"confetti\",\"text\":\"Receive your digital Visa card from Finder on or before August 14, 2026\"}],\"heading\":\"Get $75 from Finder\",\"membersHeading\":\"Get $75 from Finder\",\"text\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Become a Finder Member for free in seconds\\n* Open the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder and fund the account within the promotion period\\n* Receive your digital Visa card from Finder on or before August 14, 2026\",\"membersText\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Open the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder and fund the account within the promotion period\\n* Receive your digital Visa card from Finder on or before August 14, 2026\",\"emailCaption\":\"Your Visa card will be delivered here. Your details must match your new KOHO account\",\"continueText\":\"GET $75 REWARD\",\"abortText\":\"SKIP REWARD, CONTINUE TO KOHO\",\"copyText\":\"Ends on June 30, 2026\",\"termsText\":\"T\\u0026Cs apply\",\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-koho\",\"nicheCode\":\"CAFSA\",\"value\":\"75\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/koho-everything-plan-promotion-may-june-2026\",\"validationDate\":\"2026-07-30T17:00:00.000Z\",\"fulfillmentDate\":\"2026-08-14T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-koho-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"}};<\/script> <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/koho-everything-plan-ca-savings-account-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Get%2Boffer%22%2C%22site%22%3A%22CAFSA%22%2C%22class%22%3A%22luna-button%2Bluna-button--success%22%2C%22offer_id%22%3A%2227061%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22product_id%22%3A%22bda4c8f7-5608-4c54-8eb0-27ec10413c06%22%2C%22product_name%22%3A%22KOHO%2BEverything%2BPlan%22%2C%22provider_id%22%3A%22cc53d1c3-c4ec-461a-bce0-4235a11de0a2%22%2C%22provider_name%22%3A%22KOHO%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--success rewards--cta\">Get offer<\/a><\/div><\/div><\/div><\/div><\/article><\/th><\/tr><tr><td><strong>Simplii Financial<\/strong><\/td><td>High Interest Savings Account<\/td><td>0.3% \u2013 1%<\/td><td>        \n    \n\nEarn 4.60% interest for 5 months on up to $100,000 in savings. Terms Apply. <b>Offer ends July 31, 2026.<\/b><\/td><td><section class=\"hero-rates__cta\">\r\n        <div class=\"applylinks CAFSA has-margin-top-small\">\r\n          <a class=\"luna-button luna-button--success luna-button--cta has-margin-bottom-xsmall\" rel=\"nofollow\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/simplii-high-interest-savings-account-ca-savings-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22784d7307-f7d0-47ba-8b65-f6db8d03436d%22%2C%22product_name%22%3A%22Simplii%2BHigh%2BInterest%2BSavings%2BAccount%22%2C%22offer_id%22%3A%2221491%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.HERO_BUTTON_DYNAMIC_CTA%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\">\r\n            Go to site\r\n          <\/a>\r\n\r\n        <\/div>\r\n      <\/section><\/td><\/tr><tr><td><strong>Wealthsimple<\/strong><\/td><td>Chequing Account<\/td><td>1.25% \u2013 2.25%<\/td><td>        \n    \n\nGet a $25 cash bonus when you open your first Wealthsimple account and fund at least $1 within 30 days. Plus, earn up to 2.25% interest.<\/td><td><div class=\"media__btn\"><section class=\"hero-rates__cta\">\r\n        <div class=\"applylinks CAFSA has-margin-top-small\">\r\n          <a class=\"luna-button luna-button--success luna-button--cta has-margin-bottom-xsmall\" rel=\"nofollow\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/wealthsimple-cash-ca-savings-account-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22964cf5d4-6d6e-4786-8369-d6552cfc7ceb%22%2C%22product_name%22%3A%22Wealthsimple%2BChequing%2BAccount%22%2C%22offer_id%22%3A%2227030%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.HERO_BUTTON_DYNAMIC_CTA%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\">\r\n            Go to site\r\n          <\/a>\r\n\r\n        <\/div>\r\n      <\/section><\/div><\/td><\/tr><tr><td><strong>Achieva Financial<\/strong><\/td><td>Daily Interest Savings Account<\/td><td>1.8%<\/td><td>        \n    \n\nNo promotion available<\/td><td><section class=\"hero-rates__cta\">\r\n                            <div class=\"has-margin-top-small\">\r\n\t\t\t\t\t  <a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/achieva-financial\" rel=\"nofollow\" class=\"luna-button luna-button--primary luna-button--ghost luna-button--cta has-margin-bottom-xsmall\">\r\n\t\t\t\t\t\tRead review\r\n                              <\/a><\/div>\r\n\t\t\t\t  <\/section><\/td><\/tr><tr><td><strong>Alterna Bank<\/strong><\/td><td>High Interest eSavings Account<\/td><td>1.15%<\/td><td>        \n    \n\nNo promotion available<\/td><td><section class=\"hero-rates__cta\">\r\n                            <div class=\"has-margin-top-small\">\r\n\t\t\t\t\t  <a href=\"https:\/\/www.finder.com\/ca\/digital-banking\/alterna-bank\" rel=\"nofollow\" class=\"luna-button luna-button--primary luna-button--ghost luna-button--cta has-margin-bottom-xsmall\">\r\n\t\t\t\t\t\tRead review\r\n                              <\/a><\/div>\r\n\t\t\t\t  <\/section><\/td><\/tr><tr><td><strong>ATB Financial<\/strong><\/td><td>Springboard Savings Account<\/td><td>0.2% \u2013 0.7%<\/td><td>        \n    \n\nGet 4.70% bonus interest on new deposits. Terms Apply. Offer ends March 31, 2026.<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>BMO<\/strong><\/td><td>Savings Amplifier Account<\/td><td>0.5%<\/td><td>        \n    \n\nNo promotion available<\/td><td><div class=\"media__btn\"><\/div><div><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/bmo-savings\/bmo-savings-amplifier-account-review\" rel=\"noopener\" type=\"button\">Read review<\/a><\/div><\/td><\/tr><tr><td><strong>Bridgewater<\/strong><\/td><td>Bridgewater Smart eSavings Account<\/td><td>2.7%<\/td><td>        \n    \n\nNo promotion available<\/td><td><div class=\"media__btn\"><\/div><div><\/div><div><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn more<\/a><\/div><\/td><\/tr><tr><td><strong>Canadian Tire Bank<\/strong><\/td><td>Canadian Tire High Interest Savings Account<\/td><td>2.4%<\/td><td>        \n    \n\nNo promotion available<\/td><td><div class=\"media__btn\"><\/div><div><\/div><div><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn more<\/a><\/div><\/td><\/tr><tr><td><strong>CIBC<\/strong><\/td><td>CIBC eAdvantage Savings Account<\/td><td>0.30% - 0.60%<\/td><td>        \n    \n\nGet a special 4.60% offer for 3 months when you open your first account.<\/td><td><div class=\"media__btn\"><\/div><div><\/div><div><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/cibc-savings\/cibc-eadvantage-savings-account-review\" rel=\"noopener\" type=\"button\">Read review<\/a><\/div><\/td><\/tr><tr><td><strong>CI Direct Investing<\/strong><\/td><td>CI Direct Investing High Rate Savings Account<\/td><td>1.25%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/ci-direct-high-interest-savings-account-review\" rel=\"noopener\" type=\"button\">Read review<\/a><\/td><\/tr><tr><td><strong>Coast Capital Savings<\/strong><\/td><td>Coast Capital High-Interest Savings Account<\/td><td>0.3%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>DUCA<\/strong><\/td><td>Earn More Savings Account<\/td><td>0.25%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>FirstOntario Credit Union<\/strong><\/td><td>FirstOntario Credit Union \u200bHigh Interest eSavings Account<\/td><td>0.60% - 0.80%<span class=\"table-popover\" rel=\"popover\" data-content=\"Balances from $0 - $100,000, earn 0.60%&lt;br \/&gt;Balances from $100,000.01 - $200,000, earn 0.75%\t&lt;br \/&gt;Balances from $200,000.01+, earn 0.80%&lt;br \/&gt;Interest calculated: daily, Interest paid: monthly\" title=\"\" data-original-title=\"More info\"><\/span><\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>Hubert<\/strong><\/td><td>Hubert Happy High-Interest Savings<\/td><td>2.3%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/hubert-financial\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>ICICI Bank Canada<\/strong><\/td><td>HiSAVE Savings Account<\/td><td>1.25%<span class=\"table-popover\" rel=\"popover\" data-content=\"Earn 1.25% interest on your balance.&lt;br \/&gt;Interest calculated: daily, Interest paid: monthly\" title=\"\" data-original-title=\"More info\"><\/span><\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>Innovation Credit Union<\/strong><\/td><td>Savings Account<\/td><td>0.6%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>Laurentian Bank<\/strong><\/td><td>High Interest Savings Account<\/td><td>1% \u2013 2.2% (for balances up to $100,000)<\/td><td>        \n    \n\nNo promotion available<\/td><td><div class=\"media__btn\"><section class=\"hero-rates__cta\">\r\n                            <div class=\"has-margin-top-small\">\r\n\t\t\t\t\t  <a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/laurentian-bank-high-interest-savings-account-review\" rel=\"nofollow\" class=\"luna-button luna-button--primary luna-button--ghost luna-button--cta has-margin-bottom-xsmall\">\r\n\t\t\t\t\t\tRead review\r\n                              <\/a><\/div>\r\n\t\t\t\t  <\/section><\/div><\/td><\/tr><tr><td><strong>Manulife Bank<\/strong><\/td><td>Advantage Account<\/td><td>1.5%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>Meridian Credit Union<\/strong><\/td><td>High Interest Savings Account<\/td><td>0.85%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/credit-union-savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>National Bank<\/strong><\/td><td>High Interest Savings Account<\/td><td>0.55%<\/td><td>        \n    \n\nNo promotion available<\/td><td><div class=\"media__btn\"><\/div><div><\/div><div><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/national-bank-high-interest-savings-account-review\" rel=\"noopener\" type=\"button\">Read review<\/a><\/div><\/td><\/tr><tr><td><strong>Oaken Financial<\/strong><\/td><td>Oaken Financial Savings Account<\/td><td>2.8%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/banking\/oaken-financial\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>PC Financial<\/strong><\/td><td>PC Money Account<\/td><td>2.2%<\/td><td>        \n    \n\nEarn 150,000 bonus PC Optimum points (equal to $150) when you open a PC Money Account.<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>RBC<\/strong><\/td><td>High Interest eSavings<\/td><td>0.55%<\/td><td>        \n    \n\nEarn 4.60% interest for 3 Months when you open your 1st RBC High Interest eSavings account.<\/td><td><div class=\"media__btn\"><\/div><div><\/div><div><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/rbc-savings\/rbc-high-interest-esavings-account-review\" rel=\"noopener\" type=\"button\">Read review<\/a><\/div><\/td><\/tr><tr><td><strong>Servus Credit Union<\/strong><\/td><td>Premium Savings Account<\/td><td>0.15%\u2013 0.75%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>Steinbach Credit Union<\/strong><\/td><td>High Interest Savings Account<\/td><td>2% - 2.25%<span class=\"table-popover\" rel=\"popover\" data-content=\"Earn 2% - 2.25% interest on your balance.&lt;br \/&gt;Interest calculated: daily, Interest paid: monthly\" title=\"\" data-original-title=\"More info\"><\/span><\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><tr><td><strong>Tangerine<\/strong><\/td><td>Savings Account<\/td><td>0.3%<\/td><td>        \n    \n\nOpen a Tangerine Savings Account to earn <b>4.50% for the first 5 months<\/b> (on up to $1,000,000 in deposits) when you sign up by <b>July 31, 2026<\/b>. Thereafter, you'll earn 0.30%.<\/td><td><div class=\"media__btn\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/tangerine-savings-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFSA%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bluna-button--fluid%2B%22%2C%22offer_id%22%3A%2226269%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22product_id%22%3A%22b018d030-a7af-47a6-ae85-84ed4c42f7cb%22%2C%22product_name%22%3A%22Tangerine%2BSavings%2BAccount%22%2C%22provider_id%22%3A%22884584ff-2a94-4480-a089-a7daf6023d33%22%2C%22provider_name%22%3A%22Tangerine%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--fluid luna-button--success luna-button--fluid \">Go to site<\/a><\/div><\/td><\/tr><tr><td><strong>TD<\/strong><\/td><td>ePremium Savings Account<\/td><td>0.45% (on balances of $10,000 or more)<\/td><td>        \n    \n\nNo promotion available<\/td><td><div class=\"media__btn\"><\/div><div><\/div><div><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/td-savings\/td-epremium-savings-account-review\" rel=\"noopener\" type=\"button\">Read review<\/a><\/div><\/td><\/tr><tr><td><strong>Vancity<\/strong><\/td><td>Jumpstart High Interest Savings Account<\/td><td>0.6%<\/td><td>        \n    \n\nNo promotion available<\/td><td><a id=\"\" class=\"luna-button luna-button--ghost luna-button--fluid\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\" rel=\"noopener\" type=\"button\">Learn More<\/a><\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/banking\/best-bank-in-canada\" style=\"text-decoration:underline; font-size:0.9em;\">Compare our top picks for the best banks in Canada<\/a>\n<\/div>\n<\/article><h3>Big Five Bank savings account interest rates<\/h3><p>Want to know how the Big Banks stack up against each other in terms of Canadian currency savings account interest rates? Check out the tables below.<\/p><h4>RBC savings account interest rates<\/h4><p>RBC offers the following rates across its selection of savings accounts.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 32%;\" scope=\"col\">RBC savings account<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Standard interest rate<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Promo rate<\/th><\/tr><\/thead><tbody><tr><td>High Interest eSavings<\/td><td>0.55%<\/td><td>4.6%  <\/td><\/tr><tr><td>NOMI Find &amp; Save<\/td><td>0.15%<\/td><td>N\/A<\/td><\/tr><tr><td>Day to Day Savings<\/td><td>0.005% - 0.010%<span class=\"table-popover\" rel=\"popover\" data-content=\"Earn 0.005% - 0.010% interest on your balance.&lt;br \/&gt;Interest calculated: daily, Interest paid: monthly\" title=\"\" data-original-title=\"More info\"><\/span><\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/rbc-savings\" style=\"text-decoration:underline; font-size:0.9em;\">Learn more about RBC savings account options<\/a>\n<\/div>\n<\/article><h4>Scotiabank savings account interest rates<\/h4><p>Check the table below for a breakdown of Scotiabank\u2019s savings account interest rates.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 32%;\" scope=\"col\">Scotiabank savings account<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Standard interest rate<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Promo rate<\/th><\/tr><\/thead><tbody><tr><td>Scotia High Interest Savings Account<\/td><td><ul><li>Less than $10,000: 0%<\/li><li>$10,000 \u2013 $99,999: 0.75%<\/li><li>$100,000 \u2013 $249,999: 1.75%<\/li><li>$250,000 \u2013 $499,999: 2%<\/li><li>$500,000 or more: 2.2%<\/li><\/ul><\/td><td>Earn up to 5% for the first 3 months when you open your first Scotia High Interest Savings Account. T&amp;Cs apply.<\/td><\/tr><tr><td>MomentumPLUS Savings Account<\/td><td>0.4%<\/td><td>N\/A<\/td><\/tr><tr><td>Savings Accelerator Account<\/td><td>0.1%\u20130.25%<\/td><td>N\/A<\/td><\/tr><tr><td>Money Master Savings Account<\/td><td>0.01%<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/scotiabank-savings\" style=\"text-decoration:underline; font-size:0.9em;\">Learn more about Scotiabank savings account options<\/a>\n<\/div>\n<\/article><h4>BMO savings account interest rates<\/h4><p>The current BMO savings account interest rates for its main savings accounts are shown below.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 32%;\" scope=\"col\">BMO savings account<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Standard interest rate<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Promo rate<\/th><\/tr><\/thead><tbody><tr><td>Savings Amplifier Account<\/td><td>0.5%<\/td><td>4.65%<\/td><\/tr><tr><td>Savings Builder Account<\/td><td>0.25%<span class=\"table-popover\" rel=\"popover\" data-content=\"Earn 0.25% interest on your balance.&lt;br \/&gt;Interest calculated: daily, Interest paid: monthly\" title=\"\" data-original-title=\"More info\"><\/span><\/td><td>N\/A<\/td><\/tr><tr><td>Premium Rate Savings Account<\/td><td>0.01%<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/bmo-savings\" style=\"text-decoration:underline; font-size:0.9em;\">Learn more about BMO savings account options<\/a>\n<\/div>\n<\/article><h4>TD savings account interest rates<\/h4><p>Check current TD savings account interest rates below.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 32%;\" scope=\"col\">TD savings account<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Standard interest rate<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Promo rate<\/th><\/tr><\/thead><tbody><tr><td>ePremium Savings Account<\/td><td>0.45% on balances of $10,000 or more, 0% on balances less than $10,000<\/td><td>N\/A<\/td><\/tr><tr><td>Growth Savings Account<\/td><td>0.5% \u2013 0.65%<\/td><td>N\/A<\/td><\/tr><tr><td>Every Day Savings Account<\/td><td>0.01%<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/td-savings\" style=\"text-decoration:underline; font-size:0.9em;\">Learn more about TD savings account options<\/a>\n<\/div>\n<\/article><h4>CIBC savings account interest rates<\/h4><p>Check the table below for the current CIBC savings account interest rates.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 32%;\" scope=\"col\">CIBC savings account<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Standard interest rate<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Promo rate<\/th><\/tr><\/thead><tbody><tr><td>eAdvantage Savings Account<\/td><td><ul><li>$9,999.99 or less: 0.3%<\/li><li>$10,000 \u2013 $24,999.99: 0.3%<\/li><li>$25,000 \u2013 $99,999.99: 0.30%<\/li><li>$100,000 \u2013 $499,999.99: 0.6%<\/li><li>$500,000 and over: 0.6%<\/li><\/ul><p>Additional interest rate of 0.25% applies on balances up to $200,000 when you save at least $200 per month<\/p><\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/cibc-savings\" style=\"text-decoration:underline; font-size:0.9em;\">Learn more about CIBC savings account options<\/a>\n<\/div>\n<\/article><h3>What is the average yearly savings rate for Canadians right now?<\/h3><p>The average ongoing savings account interest rate in Canada right now is \n\n\n            \n        \n                    \n                                                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                                                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                                                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                            \n\n    \n    \n            0.94%<button class=\"btn-link text-no-decoration\" style=\"vertical-align: top; position: relative; top: -3px; left: 1px;\" rel=\"popover\" data-content=\"This represents the average ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.\" data-placement=\"top\" aria-label=\"More information\" aria-describedby=\"fin-tooltip-1\">\n    <svg class=\"luna-icon luna-icon--xsmall\" aria-hidden=\"true\">\n        <use href=\"#info\"><\/use>\n    <\/svg>\n    <span class=\"u-screenReader\" id=\"fin-tooltip-1\">This represents the average ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.<\/span>\n<\/button> \n based on savings accounts offered by Big Banks, digital banks and credit unions in Canada.<\/p><p>This figure was calculated using the standard interest rates for the majority of the accounts in the summary tables above, which means it may not represent the full range of savings accounts available on the Canadian market.<\/p><p>Please note that the average interest rate quoted does not take into account any promotional interest rates. In cases where an account pays tiered interest\u2014the higher your balance, the higher your rate\u2014we used the lowest rates for our calculations.<\/p><h3>Types of savings account interest rates<\/h3><p>There are two types of savings account interest rates: simple and compound.<\/p><p>Simple interest is only paid on the amount you deposit (the principal). Compound interest applies to the principal as well as the interest you\u2019ve already earned in your account.<\/p><p>The power of compound interest lets you grow your savings balance faster. For example, let\u2019s say you invest $1,000 in a savings account that pays 5% interest for 10 years:<\/p><ul><li>With simple interest, you would earn $500 interest.<\/li><li>With compound interest, you would earn $647 interest\u2014an extra $147.<\/li><\/ul><p>The key figure you need to look at when comparing savings account rates is the APY, or annual percentage yield. This figure takes into account the effect of compounding and shows you how much interest you can earn from an account per year.<\/p><h3>How are savings account interest rates calculated?<\/h3><p>There are two main factors that affect the savings account interest rates offered by banks:<\/p><ul><li><strong>The Bank of Canada\u2019s policy rate.<\/strong> Just like mortgage rates, savings account rates tend to move up or down in line with interest rate hikes and reductions.<\/li><li><strong>Competition.<\/strong> Banks will look at what competitors are doing when setting rates. To attract new customers to deposit their savings, banks will raise their rates to stand out from the competition.<\/li><\/ul><p>Interest on most savings accounts is calculated daily and paid out monthly. Interest is calculated on your account\u2019s closing balance at the end of each day, and it typically compounds daily, monthly or annually.<\/p>\n    \n\n<style>\n#toppicks { overflow-x: auto; }\n.table-expander__content { margin-left: 0.5rem; line-height: normal; }\n.pro-section { line-height: 1.35rem; text-align: left; }\n\n.topPicksF1 .card-topText {\n    font-weight: 800;\n    height: 50px;\n    font-style: italic;\n    align-content: space-around;\n}\n\n.topPicksF1 .zoom:hover {\n    box-shadow: 4px 6px 0 0 #232320;\n}\n\n.topPicksF1 .topPicks__deal {\n    color: #232021;\n    background-color: #F7F6EC;\n}\n\n.container-threepc.threepc-flex::-webkit-scrollbar { display: none; }\n.gx-badge__body.awards-badge__body.hasPopover.threepc-award { margin-top: 0; }\n.topPicks__card-card figure.award { padding: 0px 10px 20px 10px; margin: -3px auto 3px; width: 130px; }\n.topPicks__card-card figure.noward { padding: 10px; width: 130px; }\n.award-wrapper { height: 0px; display: block; 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           <div class=\"luna-card__block luna-card__topPick\">\n                    <figure style=\"margin: auto;\" class=\"noward\">\n                        <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/neo-savings-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%220b4f0b20-d534-4e79-936c-6ffe0021ea2b%22%2C%22product_name%22%3A%22Neo%2BSavings%2BAccount%22%2C%22offer_id%22%3A%2227131%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_IMAGE%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22position%22%3A%221%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\" style=\"margin-bottom: 10px;\" title=\"Go to Neo Financial\">\r\n\r\n  \r\n  \r\n\r\n<img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/63ff53b675a44.png\" loading=\"lazy\" alt=\"Neo Financial logo\" class=\"luna-image compare-logo no-lazyload \" width=\"450\" height=\"250\" srcset=\"https:\/\/www.finder.com\/niche-builder\/63ff53b675a44.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/63ff53b675a44.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/63ff53b675a44.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/63ff53b675a44.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/63ff53b675a44.png?fit=1200 1200w, https:\/\/www.finder.com\/niche-builder\/63ff53b675a44.png?fit=1350 1350w\" sizes=\"(max-width: 1350px) 100vw, 1350px\">\r\n<\/a>\n                    <\/figure>\n\n                    \n                    \n                    \n                    \n                                            <span class=\"best-pagePromoted-span\" style=\"display: none; background-color: 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22.2436 38.0978 22.2754 38.1171 22.2941C38.1567 22.3325 38.1909 22.3693 38.2065 22.4297C38.2576 22.6258 38.1142 22.793 37.9242 22.7889C37.8974 22.7883 37.8756 22.8102 37.8763 22.8369L37.8765 22.8371C37.8818 23.0513 37.9345 23.2682 38.0562 23.4466C38.319 23.8311 38.754 23.8148 38.9366 23.3711C39.067 23.0539 38.9994 22.61 38.7838 22.344ZM40.5056 22.1021C40.3298 21.8851 40.0624 21.7969 39.8406 21.9843C39.8199 22.0017 39.8195 22.0334 39.8388 22.0521C39.8784 22.0905 39.9127 22.1274 39.9283 22.1877C39.9793 22.3838 39.8359 22.551 39.6459 22.5469C39.6192 22.5463 39.5973 22.5682 39.598 22.5949L39.5982 22.5951C39.6036 22.8093 39.6562 23.0263 39.7779 23.2046C40.0408 23.5891 40.4757 23.5729 40.6584 23.1291C40.7888 22.8119 40.7211 22.368 40.5056 22.1021Z\" fill=\"url(#pill_paint1_pill_135584983)\"><\/path><\/g><defs><lineargradient id=\"pill_paint0_pill_135584983\" x1=\"25.2019\" y1=\"2.56791\" x2=\"36.7429\" y2=\"9.19153\" gradientunits=\"userSpaceOnUse\"><stop offset=\"0.18\" stop-color=\"#FFD23B\"><\/stop><stop offset=\"0.24\" stop-color=\"#FFD835\"><\/stop><stop offset=\"0.29\" stop-color=\"#FEDA3D\"><\/stop><stop offset=\"0.36\" stop-color=\"#FEE053\"><\/stop><stop offset=\"0.45\" stop-color=\"#FEEA77\"><\/stop><stop offset=\"0.55\" stop-color=\"#FDF7A9\"><\/stop><stop offset=\"0.6\" stop-color=\"#FDFFC4\"><\/stop><stop offset=\"0.62\" stop-color=\"#FDF8AC\"><\/stop><stop offset=\"0.65\" stop-color=\"#FDEE88\"><\/stop><stop offset=\"0.68\" stop-color=\"#FEE669\"><\/stop><stop offset=\"0.71\" stop-color=\"#FEE052\"><\/stop><stop offset=\"0.75\" stop-color=\"#FEDB41\"><\/stop><stop offset=\"0.79\" stop-color=\"#FED838\"><\/stop><stop offset=\"0.84\" stop-color=\"#FFD835\"><\/stop><stop offset=\"0.9\" stop-color=\"#FFD23B\"><\/stop><\/lineargradient><radialgradient id=\"pill_paint1_pill_135584983\" cx=\"0\" cy=\"0\" r=\"1\" gradientunits=\"userSpaceOnUse\" gradienttransform=\"translate(40.4043 24.2693) rotate(-172.006) scale(4.25594 5.99724)\"><stop offset=\"0.4\" stop-color=\"#EDEEF8\"><\/stop><stop offset=\"0.45\" stop-color=\"#F5F2E1\"><\/stop><stop offset=\"0.5\" stop-color=\"#F9CBD3\"><\/stop><stop offset=\"0.6\" stop-color=\"#DCECF6\"><\/stop><stop offset=\"0.7\" stop-color=\"#CAC5FE\"><\/stop><stop offset=\"0.9\" stop-color=\"#CBE9F3\"><\/stop><stop offset=\"1\" stop-color=\"#F9E9D0\"><\/stop><\/radialgradient><clippath id=\"pill_clip0_pill_135584983\"><rect y=\"5.56738\" width=\"40\" height=\"25.2248\" rx=\"1.61564\" transform=\"rotate(-8 0 5.56738)\" fill=\"white\"><\/rect><\/clippath><\/defs><\/svg>\r\n\t\t\t\t<\/span>\r\n\t\t\t\t<span class=\"rewards-pill__text\">$80 REWARD<\/span>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n\r\n\t<script>\r\n\t(function () {\r\n\t\tif (window.__topPicksRewardsPillInit) return;\r\n\t\twindow.__topPicksRewardsPillInit = true;\r\n\r\n\t\tfunction getLinkParams(anchor) {\r\n\t\t\tvar redirectUrl = anchor.getAttribute(\"data-redirect-url\") || anchor.href || \"\";\r\n\t\t\ttry {\r\n\t\t\t\tvar url = new URL(redirectUrl);\r\n\t\t\t\tvar rawParams = url.searchParams.get(\"redirect_tracking_params\");\r\n\t\t\t\tif (!rawParams) return { redirectUrl: redirectUrl };\r\n\t\t\t\tvar parsed = JSON.parse(decodeURIComponent(rawParams));\r\n\t\t\t\treturn {\r\n\t\t\t\t\tredirectUrl: redirectUrl,\r\n\t\t\t\t\tofferId: parsed.offer_id,\r\n\t\t\t\t\tniche: parsed.niche_code || parsed.site,\r\n\t\t\t\t\tproductName: parsed.product_name,\r\n\t\t\t\t\tproductId: parsed.product_id,\r\n\t\t\t\t};\r\n\t\t\t} catch (e) {\r\n\t\t\t\treturn { redirectUrl: redirectUrl };\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\tfunction openModalForCard(card, pill, sourceComponent) {\r\n\t\t\tvar cta = card.querySelector('a.rewards--cta, a.luna-button--success, a.luna-button');\r\n\t\t\tif (!cta) return;\r\n\t\t\tvar linkParams = getLinkParams(cta);\r\n\t\t\tvar modalParams = {\r\n\t\t\t\tproductId: linkParams.productId,\r\n\t\t\t\tcampaignName: pill.dataset.campaignName || \"\",\r\n\t\t\t\tredirectUrl: linkParams.redirectUrl,\r\n\t\t\t\tproductName: linkParams.productName,\r\n\t\t\t\tproviderName: \"\",\r\n\t\t\t\tniche: linkParams.niche,\r\n\t\t\t\tofferId: linkParams.offerId,\r\n\t\t\t\tcomponent: sourceComponent,\r\n\t\t\t};\r\n\t\t\tif (window.rewards && typeof window.rewards.displayModal === \"function\") {\r\n\t\t\t\twindow.rewards.displayModal(modalParams, false, cta);\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\tfunction bindTopPicksPills() {\r\n\t\t\tvar pills = document.querySelectorAll('.rewards-pill[data-rewards-pill=\"true\"]');\r\n\t\t\tpills.forEach(function (pill) {\r\n\t\t\t\tif (pill.dataset.topPicksBound === \"true\") return;\r\n\t\t\t\tif (pill.closest('tr[data-product-id]')) return;\r\n\r\n\t\t\t\tpill.dataset.topPicksBound = \"true\";\r\n\t\t\t\tpill.addEventListener(\"click\", function () {\r\n\t\t\t\t\tvar card = pill.closest('article, .luna-card, .mastheadPick-item, .threepc-flex-item, .promos-item');\r\n\t\t\t\t\tif (!card) return;\r\n\t\t\t\t\topenModalForCard(card, pill, \"topPicks\");\r\n\t\t\t\t});\r\n\t\t\t});\r\n\t\t}\r\n\r\n\t\tfunction bindCardBypassLinks() {\r\n\t\t\tvar pills = document.querySelectorAll('.rewards-pill[data-rewards-pill=\"true\"]');\r\n\t\t\tpills.forEach(function (pill) {\r\n\t\t\t\tif (pill.closest('tr[data-product-id]')) return;\r\n\t\t\t\tvar card = pill.closest('article, .luna-card, .mastheadPick-item, .threepc-flex-item, .promos-item');\r\n\t\t\t\tif (!card) return;\r\n\r\n\t\t\t\t\/\/ Intercept logo and product-name anchors &mdash; anything in the card that links\r\n\t\t\t\t\/\/ to the partner but ISN'T the CTA. The CTA keeps its existing flow.\r\n\t\t\t\tvar anchors = card.querySelectorAll('figure a[href], .cardProductname-header a[href], .promos-item__title a[href], .tagged-content-title');\r\n\t\t\t\tanchors.forEach(function (anchor) {\r\n\t\t\t\t\tif (anchor.dataset.topPicksBypassBound === \"true\") return;\r\n\t\t\t\t\tif (anchor.classList.contains('luna-button--success') || anchor.classList.contains('rewards--cta')) return;\r\n\r\n\t\t\t\t\tanchor.dataset.topPicksBypassBound = \"true\";\r\n\t\t\t\t\tanchor.addEventListener(\"click\", function (e) {\r\n\t\t\t\t\t\tif (!window.rewards || typeof window.rewards.displayModal !== \"function\") return;\r\n\t\t\t\t\t\te.preventDefault();\r\n\t\t\t\t\t\te.stopPropagation();\r\n\t\t\t\t\t\topenModalForCard(card, pill, \"topPicksBypass\");\r\n\t\t\t\t\t});\r\n\t\t\t\t});\r\n\t\t\t});\r\n\t\t}\r\n\r\n\t\tfunction bindAll() {\r\n\t\t\tbindTopPicksPills();\r\n\t\t\tbindCardBypassLinks();\r\n\t\t}\r\n\r\n\t\tif (document.readyState === \"loading\") {\r\n\t\t\tdocument.addEventListener(\"DOMContentLoaded\", bindAll);\r\n\t\t} else {\r\n\t\t\tbindAll();\r\n\t\t}\r\n\t})();\r\n\t<\/script><\/div>\n\n                    <div class=\" has-padding-bottom-xsmall has-padding-top-small \" style=\"border-radius: 0.2em;\">\n                       <div class=\"rewards--element-container rewards--container\" data-product-id=\"0b4f0b20-d534-4e79-936c-6ffe0021ea2b\" data-niche=\"CAFSA\" data-product-name=\"Neo Savings Account\" data-provider-name=\"Neo Financial\" data-rewards-campaign-name=\"neo_savings_cafsa_april_2026\"><script type=\"text\/javascript\">window.rewardsConfigs = window.rewardsConfigs || {};window.rewardsConfigs[\"neo_savings_cafsa_april_2026\"] = {\"startDate\":\"2026-04-15T08:00:00.000Z\",\"endDate\":\"2026-06-15T20:59:59.000Z\",\"showVisaLogo\":true,\"minimalUx\":true,\"countryCode\":\"CA\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"bannerConfig\":{\"badgeText\":\"FINDER REWARDS EXCLUSIVE\",\"title\":\"Get $80 from Finder\",\"titleHighlight\":\"$80\",\"copyText\":\"Become a Finder Member \\u0026 open a \\u003Cb\\u003ENeo Financial Savings Account\\u003C\\\/b\\u003E online through Finder to receive a \\u003Cb\\u003E$80 digital Visa card\\u003C\\\/b\\u003E. Offer ends June 15, 2026.\",\"termsText\":\"Separate T\\u0026Cs apply.\",\"ctaText\":\"GET DEAL\",\"iconUrl\":\"https:\\\/\\\/www.finder.com.au\\\/parent-theme\\\/members\\\/prod\\\/images\\\/rewards-icon.d44fdf8dde3fe4daca8c6a17d56489ca.svg\",\"nicheText\":\"\",\"mode\":\"modal\",\"metaData\":{\"productId\":\"0b4f0b20-d534-4e79-936c-6ffe0021ea2b\"},\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-neo\",\"nicheCode\":\"CAFSA\",\"value\":\"80\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/neo-savings-account-promotion-april-june-2026\",\"validationDate\":\"2026-07-15T17:00:00.000Z\",\"fulfillmentDate\":\"2026-07-30T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/neo-savings-account-promotion-terms-and-conditions-april-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"},\"modalConfig\":{\"requireName\":true,\"title\":\"Get $80 from Finder\",\"subtitleText\":\"Your Visa card will be delivered here. Your details must match your new Neo Financial account\",\"items\":[{\"icon\":\"user\",\"text\":\"Become a Finder Member for free in under 1 minute\"},{\"icon\":\"shopping-bag\",\"text\":\"Open a Neo Financial Savings Account online through Finder\"},{\"icon\":\"confetti\",\"text\":\"Receive your $80 digital Visa card from Finder on or before July 30, 2026\"}],\"heading\":\"Get $80 from Finder\",\"membersHeading\":\"Get $80 from Finder\",\"text\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Become a Finder Member for free in under 1 minute\\n* Open a \\u003Cb\\u003ENeo Financial Savings Account\\u003C\\\/b\\u003E online through Finder\\n* Receive your $80 digital Visa card from Finder on or before July 30, 2026\",\"membersText\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Open a \\u003Cb\\u003ENeo Financial Savings Account\\u003C\\\/b\\u003E online through Finder\\n* Receive your $80 digital Visa card from Finder on or before July 30, 2026\",\"emailCaption\":\"Your Visa card will be delivered here. Your details must match your new Neo Financial account\",\"continueText\":\"GET $80 REWARD\",\"abortText\":\"SKIP REWARD, CONTINUE TO NEO FINANCIAL\",\"copyText\":\"Ends on June 15, 2026\",\"termsText\":\"T\\u0026Cs apply\",\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-neo\",\"nicheCode\":\"CAFSA\",\"value\":\"80\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/neo-savings-account-promotion-april-june-2026\",\"validationDate\":\"2026-07-15T17:00:00.000Z\",\"fulfillmentDate\":\"2026-07-30T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/neo-savings-account-promotion-terms-and-conditions-april-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"}};<\/script> <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/neo-savings-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%22%2C%22title%22%3A%22GO%2BTO%2BSITE%22%2C%22site%22%3A%22CAFSA%22%2C%22offer_id%22%3A%2227131%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22product_id%22%3A%220b4f0b20-d534-4e79-936c-6ffe0021ea2b%22%2C%22product_name%22%3A%22Neo%2BSavings%2BAccount%22%2C%22provider_id%22%3A%22527000d2-f183-4ae1-848a-6dd199a98cae%22%2C%22provider_name%22%3A%22Neo%2BFinancial%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\" class=\"luna-button luna-button--fluid luna-button--success rewards--cta\">GO TO SITE<\/a><\/div>\n\n\n                        \n                    <\/div>\n\n                    \n                    \n\n                       <div style=\"display: none\">0b4f0b20-d534-4e79-936c-6ffe0021ea2b-<\/div>\n\n\n                    \n\n\n\n\n\n                                            <div class=\"cardPros-text  pros-no-blue-lozenge \">\n                            <style>\r\n.list-1 li {\r\noverflow-wrap: break-word;\r\nwhite-space: normal;\r\npadding-bottom: 10px;\r\n}\r\n  \r\n.pro-engine { \r\nmin-height: 100px;\r\nmargin-top: 15px;\r\n}\r\n  \r\n@media (max-width:1001px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n@media (max-width:1920px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n.pro-section-2 {\r\n\r\n}\r\n<\/style>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<div class=\"pro-section\">\r\n    <ul class=\"list-1 pros-a\" id=\"pros\">\r\n        \r\n            \r\n                 <li>Earn up to 3.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"{{RATES.INTEREST_RATE_TOOLTIP}}\" title=\"\" data-original-title=\"More info\"> interest on savings<\/span><\/li>\r\n            \r\n         \r\n            \r\n                 <li>Open an account instantly<\/li>\r\n            \r\n         \r\n            \r\n                 <li>No monthly account fee<\/li>\r\n            \r\n         \r\n            \r\n                 <li>No minimum account balance to start earning interest<\/li>\r\n            \r\n         \r\n            \r\n                 <li>CDIC protection for balances up to $100,000<\/li>\r\n            \r\n         \r\n    <\/ul>\r\n<\/div>\n                        <\/div>\n                                    <\/div>\n\n                <div style=\"margin-top: 1rem; margin-right: 0.7rem;\">\n                    \n                <\/div>\n            <\/article>\n                                <article class=\"luna-card luna-card--shadow luna-card--stretch mastheadPick-item threepc-flex-item zoom topPicks__card-card\">\n                <div class=\"cardColoured-banner\" style=\"background-color: \" data-nbid=\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\">\n\n                                        \n                    <p class=\"card-topText\" style=\"height:fit-content\">\n                                                    Earn Interest &amp; Cashback\n                                            <\/p>\n                <\/div>\n\n                                \n                <div class=\"luna-card__block luna-card__topPick\">\n                    <figure style=\"margin: auto;\" class=\"noward\">\n                        <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/koho-everything-plan-ca-savings-account-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22bda4c8f7-5608-4c54-8eb0-27ec10413c06%22%2C%22product_name%22%3A%22KOHO%2BEverything%2BPlan%22%2C%22offer_id%22%3A%2227061%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_IMAGE%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22position%22%3A%222%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\" style=\"margin-bottom: 10px;\" title=\"Go to KOHO\">\r\n\r\n  \r\n  \r\n\r\n<img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/671030f92318e.png\" loading=\"lazy\" alt=\"KOHO logo\" class=\"luna-image compare-logo no-lazyload \" width=\"450\" height=\"250\" srcset=\"https:\/\/www.finder.com\/niche-builder\/671030f92318e.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/671030f92318e.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/671030f92318e.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/671030f92318e.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/671030f92318e.png?fit=1200 1200w, https:\/\/www.finder.com\/niche-builder\/671030f92318e.png?fit=1350 1350w\" sizes=\"(max-width: 1350px) 100vw, 1350px\">\r\n<\/a>\n                    <\/figure>\n\n                    \n                    \n                    \n                    \n                                            <span class=\"best-pagePromoted-span\" style=\"display: none; background-color: #FFF;\"><\/span>\n                    \n                    \n                    <div class=\"text-center\"> <style>\r\n\t\t.rewards-pill { display: inline-flex; align-items: center; gap: 6px; 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38.0562 23.4466C38.319 23.8311 38.754 23.8148 38.9366 23.3711C39.067 23.0539 38.9994 22.61 38.7838 22.344ZM40.5056 22.1021C40.3298 21.8851 40.0624 21.7969 39.8406 21.9843C39.8199 22.0017 39.8195 22.0334 39.8388 22.0521C39.8784 22.0905 39.9127 22.1274 39.9283 22.1877C39.9793 22.3838 39.8359 22.551 39.6459 22.5469C39.6192 22.5463 39.5973 22.5682 39.598 22.5949L39.5982 22.5951C39.6036 22.8093 39.6562 23.0263 39.7779 23.2046C40.0408 23.5891 40.4757 23.5729 40.6584 23.1291C40.7888 22.8119 40.7211 22.368 40.5056 22.1021Z\" fill=\"url(#pill_paint1_pill_135584983)\"><\/path><\/g><defs><lineargradient id=\"pill_paint0_pill_135584983\" x1=\"25.2019\" y1=\"2.56791\" x2=\"36.7429\" y2=\"9.19153\" gradientunits=\"userSpaceOnUse\"><stop offset=\"0.18\" stop-color=\"#FFD23B\"><\/stop><stop offset=\"0.24\" stop-color=\"#FFD835\"><\/stop><stop offset=\"0.29\" stop-color=\"#FEDA3D\"><\/stop><stop offset=\"0.36\" stop-color=\"#FEE053\"><\/stop><stop offset=\"0.45\" stop-color=\"#FEEA77\"><\/stop><stop offset=\"0.55\" stop-color=\"#FDF7A9\"><\/stop><stop offset=\"0.6\" stop-color=\"#FDFFC4\"><\/stop><stop offset=\"0.62\" stop-color=\"#FDF8AC\"><\/stop><stop offset=\"0.65\" stop-color=\"#FDEE88\"><\/stop><stop offset=\"0.68\" stop-color=\"#FEE669\"><\/stop><stop offset=\"0.71\" stop-color=\"#FEE052\"><\/stop><stop offset=\"0.75\" stop-color=\"#FEDB41\"><\/stop><stop offset=\"0.79\" stop-color=\"#FED838\"><\/stop><stop offset=\"0.84\" stop-color=\"#FFD835\"><\/stop><stop offset=\"0.9\" stop-color=\"#FFD23B\"><\/stop><\/lineargradient><radialgradient id=\"pill_paint1_pill_135584983\" cx=\"0\" cy=\"0\" r=\"1\" gradientunits=\"userSpaceOnUse\" gradienttransform=\"translate(40.4043 24.2693) rotate(-172.006) scale(4.25594 5.99724)\"><stop offset=\"0.4\" stop-color=\"#EDEEF8\"><\/stop><stop offset=\"0.45\" stop-color=\"#F5F2E1\"><\/stop><stop offset=\"0.5\" stop-color=\"#F9CBD3\"><\/stop><stop offset=\"0.6\" stop-color=\"#DCECF6\"><\/stop><stop offset=\"0.7\" stop-color=\"#CAC5FE\"><\/stop><stop offset=\"0.9\" stop-color=\"#CBE9F3\"><\/stop><stop offset=\"1\" stop-color=\"#F9E9D0\"><\/stop><\/radialgradient><clippath id=\"pill_clip0_pill_135584983\"><rect y=\"5.56738\" width=\"40\" height=\"25.2248\" rx=\"1.61564\" transform=\"rotate(-8 0 5.56738)\" fill=\"white\"><\/rect><\/clippath><\/defs><\/svg>\r\n\t\t\t\t<\/span>\r\n\t\t\t\t<span class=\"rewards-pill__text\">$75 REWARD<\/span>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n\r\n\t<script>\r\n\t(function () {\r\n\t\tif (window.__topPicksRewardsPillInit) return;\r\n\t\twindow.__topPicksRewardsPillInit = true;\r\n\r\n\t\tfunction getLinkParams(anchor) {\r\n\t\t\tvar redirectUrl = anchor.getAttribute(\"data-redirect-url\") || anchor.href || \"\";\r\n\t\t\ttry {\r\n\t\t\t\tvar url = new URL(redirectUrl);\r\n\t\t\t\tvar rawParams = url.searchParams.get(\"redirect_tracking_params\");\r\n\t\t\t\tif (!rawParams) return { redirectUrl: redirectUrl };\r\n\t\t\t\tvar parsed = JSON.parse(decodeURIComponent(rawParams));\r\n\t\t\t\treturn {\r\n\t\t\t\t\tredirectUrl: redirectUrl,\r\n\t\t\t\t\tofferId: parsed.offer_id,\r\n\t\t\t\t\tniche: parsed.niche_code || parsed.site,\r\n\t\t\t\t\tproductName: parsed.product_name,\r\n\t\t\t\t\tproductId: parsed.product_id,\r\n\t\t\t\t};\r\n\t\t\t} catch (e) {\r\n\t\t\t\treturn { redirectUrl: redirectUrl };\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\tfunction openModalForCard(card, pill, sourceComponent) {\r\n\t\t\tvar cta = card.querySelector('a.rewards--cta, a.luna-button--success, a.luna-button');\r\n\t\t\tif (!cta) return;\r\n\t\t\tvar linkParams = getLinkParams(cta);\r\n\t\t\tvar modalParams = {\r\n\t\t\t\tproductId: linkParams.productId,\r\n\t\t\t\tcampaignName: pill.dataset.campaignName || \"\",\r\n\t\t\t\tredirectUrl: linkParams.redirectUrl,\r\n\t\t\t\tproductName: linkParams.productName,\r\n\t\t\t\tproviderName: \"\",\r\n\t\t\t\tniche: linkParams.niche,\r\n\t\t\t\tofferId: linkParams.offerId,\r\n\t\t\t\tcomponent: sourceComponent,\r\n\t\t\t};\r\n\t\t\tif (window.rewards && typeof window.rewards.displayModal === \"function\") {\r\n\t\t\t\twindow.rewards.displayModal(modalParams, false, cta);\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\tfunction bindTopPicksPills() {\r\n\t\t\tvar pills = document.querySelectorAll('.rewards-pill[data-rewards-pill=\"true\"]');\r\n\t\t\tpills.forEach(function (pill) {\r\n\t\t\t\tif (pill.dataset.topPicksBound === \"true\") return;\r\n\t\t\t\tif (pill.closest('tr[data-product-id]')) return;\r\n\r\n\t\t\t\tpill.dataset.topPicksBound = \"true\";\r\n\t\t\t\tpill.addEventListener(\"click\", function () {\r\n\t\t\t\t\tvar card = pill.closest('article, .luna-card, .mastheadPick-item, .threepc-flex-item, .promos-item');\r\n\t\t\t\t\tif (!card) return;\r\n\t\t\t\t\topenModalForCard(card, pill, \"topPicks\");\r\n\t\t\t\t});\r\n\t\t\t});\r\n\t\t}\r\n\r\n\t\tfunction bindCardBypassLinks() {\r\n\t\t\tvar pills = document.querySelectorAll('.rewards-pill[data-rewards-pill=\"true\"]');\r\n\t\t\tpills.forEach(function (pill) {\r\n\t\t\t\tif (pill.closest('tr[data-product-id]')) return;\r\n\t\t\t\tvar card = pill.closest('article, .luna-card, .mastheadPick-item, .threepc-flex-item, .promos-item');\r\n\t\t\t\tif (!card) return;\r\n\r\n\t\t\t\t\/\/ Intercept logo and product-name anchors &mdash; anything in the card that links\r\n\t\t\t\t\/\/ to the partner but ISN'T the CTA. The CTA keeps its existing flow.\r\n\t\t\t\tvar anchors = card.querySelectorAll('figure a[href], .cardProductname-header a[href], .promos-item__title a[href], .tagged-content-title');\r\n\t\t\t\tanchors.forEach(function (anchor) {\r\n\t\t\t\t\tif (anchor.dataset.topPicksBypassBound === \"true\") return;\r\n\t\t\t\t\tif (anchor.classList.contains('luna-button--success') || anchor.classList.contains('rewards--cta')) return;\r\n\r\n\t\t\t\t\tanchor.dataset.topPicksBypassBound = \"true\";\r\n\t\t\t\t\tanchor.addEventListener(\"click\", function (e) {\r\n\t\t\t\t\t\tif (!window.rewards || typeof window.rewards.displayModal !== \"function\") return;\r\n\t\t\t\t\t\te.preventDefault();\r\n\t\t\t\t\t\te.stopPropagation();\r\n\t\t\t\t\t\topenModalForCard(card, pill, \"topPicksBypass\");\r\n\t\t\t\t\t});\r\n\t\t\t\t});\r\n\t\t\t});\r\n\t\t}\r\n\r\n\t\tfunction bindAll() {\r\n\t\t\tbindTopPicksPills();\r\n\t\t\tbindCardBypassLinks();\r\n\t\t}\r\n\r\n\t\tif (document.readyState === \"loading\") {\r\n\t\t\tdocument.addEventListener(\"DOMContentLoaded\", bindAll);\r\n\t\t} else {\r\n\t\t\tbindAll();\r\n\t\t}\r\n\t})();\r\n\t<\/script><\/div>\n\n                    <div class=\" has-padding-bottom-xsmall has-padding-top-small \" style=\"border-radius: 0.2em;\">\n                       <div class=\"rewards--element-container rewards--container\" data-product-id=\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\" data-niche=\"CAFSA\" data-product-name=\"KOHO Everything Plan\" data-provider-name=\"KOHO\" data-rewards-campaign-name=\"koho|everything|may-2026~cafsa\"><script type=\"text\/javascript\">window.rewardsConfigs = window.rewardsConfigs || {};window.rewardsConfigs[\"koho|everything|may-2026~cafsa\"] = {\"startDate\":\"2026-05-01T08:00:00.000Z\",\"endDate\":\"2026-06-30T20:59:59.000Z\",\"showVisaLogo\":true,\"minimalUx\":true,\"countryCode\":\"CA\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"bannerConfig\":{\"badgeText\":\"FINDER REWARDS EXCLUSIVE\",\"title\":\"Get $75 from Finder\",\"titleHighlight\":\"$75\",\"copyText\":\"Become a Finder Member \\u0026 open and fund the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder to receive a \\u003Cb\\u003E$75 digital Visa card\\u003C\\\/b\\u003E. Offer ends June 30, 2026.\",\"termsText\":\"Separate T\\u0026Cs apply.\",\"ctaText\":\"GET DEAL\",\"iconUrl\":\"https:\\\/\\\/www.finder.com.au\\\/parent-theme\\\/members\\\/prod\\\/images\\\/rewards-icon.d44fdf8dde3fe4daca8c6a17d56489ca.svg\",\"nicheText\":\"\",\"mode\":\"modal\",\"metaData\":{\"productId\":\"bda4c8f7-5608-4c54-8eb0-27ec10413c06\"},\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-koho\",\"nicheCode\":\"CAFSA\",\"value\":\"75\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/koho-everything-plan-promotion-may-june-2026\",\"validationDate\":\"2026-07-30T17:00:00.000Z\",\"fulfillmentDate\":\"2026-08-14T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-koho-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"},\"modalConfig\":{\"requireName\":true,\"title\":\"Get $75 from Finder\",\"subtitleText\":\"Your Visa card will be delivered here. Your details must match your new KOHO account\",\"items\":[{\"icon\":\"user\",\"text\":\"Become a Finder Member for free in seconds\"},{\"icon\":\"shopping-bag\",\"text\":\"Open and fund the KOHO Everything Plan within the promotion period\"},{\"icon\":\"confetti\",\"text\":\"Receive your digital Visa card from Finder on or before August 14, 2026\"}],\"heading\":\"Get $75 from Finder\",\"membersHeading\":\"Get $75 from Finder\",\"text\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Become a Finder Member for free in seconds\\n* Open the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder and fund the account within the promotion period\\n* Receive your digital Visa card from Finder on or before August 14, 2026\",\"membersText\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Open the \\u003Cb\\u003EKOHO Everything Plan\\u003C\\\/b\\u003E through Finder and fund the account within the promotion period\\n* Receive your digital Visa card from Finder on or before August 14, 2026\",\"emailCaption\":\"Your Visa card will be delivered here. Your details must match your new KOHO account\",\"continueText\":\"GET $75 REWARD\",\"abortText\":\"SKIP REWARD, CONTINUE TO KOHO\",\"copyText\":\"Ends on June 30, 2026\",\"termsText\":\"T\\u0026Cs apply\",\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-koho\",\"nicheCode\":\"CAFSA\",\"value\":\"75\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/koho-everything-plan-promotion-may-june-2026\",\"validationDate\":\"2026-07-30T17:00:00.000Z\",\"fulfillmentDate\":\"2026-08-14T17:00:00.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-koho-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"}};<\/script> <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/savings-accounts\/koho-everything-plan-ca-savings-account-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%22%2C%22title%22%3A%22GO%2BTO%2BSITE%22%2C%22site%22%3A%22CAFSA%22%2C%22offer_id%22%3A%2227061%22%2C%22niche_code%22%3A%22CAFSA%22%2C%22product_id%22%3A%22bda4c8f7-5608-4c54-8eb0-27ec10413c06%22%2C%22product_name%22%3A%22KOHO%2BEverything%2BPlan%22%2C%22provider_id%22%3A%22cc53d1c3-c4ec-461a-bce0-4235a11de0a2%22%2C%22provider_name%22%3A%22KOHO%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\" class=\"luna-button luna-button--fluid luna-button--success rewards--cta\">GO TO SITE<\/a><\/div>\n\n\n                        \n                    <\/div>\n\n                    \n                    \n\n                       <div style=\"display: none\">bda4c8f7-5608-4c54-8eb0-27ec10413c06-<\/div>\n\n\n                    \n\n\n\n\n\n                                            <div class=\"cardPros-text  pros-no-blue-lozenge \">\n                            <style>\r\n.list-1 li {\r\noverflow-wrap: break-word;\r\nwhite-space: normal;\r\npadding-bottom: 10px;\r\n}\r\n  \r\n.pro-engine { \r\nmin-height: 100px;\r\nmargin-top: 15px;\r\n}\r\n  \r\n@media (max-width:1001px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n@media (max-width:1920px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n.pro-section-2 {\r\n\r\n}\r\n<\/style>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<div class=\"pro-section\">\r\n    <ul class=\"list-1 pros-a\" id=\"pros\">\r\n        \r\n            \r\n                 <li>Earn up to 3.50% interest<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Earn 2% cash back on groceries, transportation, eating and drinking<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Earn 0.5% cash back on all other spending<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Monthly fee of $14.75<span class=\"table-popover\" rel=\"popover\" data-content=\"This account is $14.75 per month if billed yearly or $22.00 per month if billed monthly.\" title=\"\" data-original-title=\"More info\"><\/span><\/li>\r\n            \r\n         \r\n            \r\n                 <li>CDIC protection for balances up to $100,000<\/li>\r\n            \r\n         \r\n    <\/ul>\r\n<\/div>\n                        <\/div>\n                                    <\/div>\n\n                <div style=\"margin-top: 1rem; margin-right: 0.7rem;\">\n                    \n                <\/div>\n            <\/article>\n                                <article class=\"luna-card luna-card--shadow luna-card--stretch mastheadPick-item threepc-flex-item zoom topPicks__card-card\">\n                <div class=\"cardColoured-banner\" style=\"background-color: \" data-nbid=\"7b85006b-0d70-490f-890d-b1fcf03bbcd4\">\n\n                                        \n                    <p class=\"card-topText\" style=\"height:fit-content\">\n                                                    High Promo Rate\n                                            <\/p>\n                <\/div>\n\n                                \n                <div class=\"luna-card__block luna-card__topPick\">\n                    <figure style=\"margin: auto;\" class=\"noward\">\n                        <a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/scotiabank-savings\/scotia-high-interest-savings-account-review\" title=\"Read Scotia High Interest Savings Account review\">\r\n\r\n  \r\n  \r\n\r\n<img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/67102995de036.png\" loading=\"lazy\" alt=\"Scotiabank logo\" class=\"luna-image compare-logo no-lazyload \" width=\"450\" height=\"250\" srcset=\"https:\/\/www.finder.com\/niche-builder\/67102995de036.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/67102995de036.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/67102995de036.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/67102995de036.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/67102995de036.png?fit=1200 1200w, https:\/\/www.finder.com\/niche-builder\/67102995de036.png?fit=1350 1350w\" sizes=\"(max-width: 1350px) 100vw, 1350px\">\r\n<\/a>\n                    <\/figure>\n\n                    \n                    \n                    \n                    \n                                            <span class=\"best-pagePromoted-span\" style=\"display: none; background-color: #FFF;\"><\/span>\n                    \n                    \n                    <div class=\"text-center\"> <\/div>\n\n                    <div class=\" has-padding-bottom-xsmall has-padding-top-small \" style=\"border-radius: 0.2em;\">\n                       \n\n\n                        \n                    <\/div>\n\n                    \n                    \n\n                       <div style=\"display: none\">7b85006b-0d70-490f-890d-b1fcf03bbcd4-<\/div>\n\n\n                    \n\n\n\n\n\n                                            <div class=\"cardPros-text  pros-no-blue-lozenge \">\n                            <style>\r\n.list-1 li {\r\noverflow-wrap: break-word;\r\nwhite-space: normal;\r\npadding-bottom: 10px;\r\n}\r\n  \r\n.pro-engine { \r\nmin-height: 100px;\r\nmargin-top: 15px;\r\n}\r\n  \r\n@media (max-width:1001px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n@media (max-width:1920px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n.pro-section-2 {\r\n\r\n}\r\n<\/style>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<div class=\"pro-section\">\r\n    <ul class=\"list-1 pros-a\" id=\"pros\">\r\n        \r\n            \r\n                 <li>Earn up to 5% promo rate<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Competitive ongoing rate (if conditions are met)<\/li>\r\n            \r\n         \r\n            \r\n                 <li>No monthly fees<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Unlimited self-service transfers between your Scotiabank accounts<\/li>\r\n            \r\n         \r\n            \r\n                 <li>CDIC protection on balances up to $100,000<\/li>\r\n            \r\n         \r\n    <\/ul>\r\n<\/div>\n                        <\/div>\n                                    <\/div>\n\n                <div style=\"margin-top: 1rem; margin-right: 0.7rem;\">\n                    \n                <\/div>\n            <\/article>\n            <\/div>\n\n    \n<h3>Where to find the best high interest savings account rates<\/h3><p>If you\u2019re searching for a high interest savings account rate that will help you grow your balance sooner, you won\u2019t find it at the Big Banks. The best savings account rates are usually offered by digital banks.<\/p><p>For example, <strong>EQ Bank<\/strong> offers 2.35% or 2.75% with a Notice Savings Account, <strong>KOHO Essential Plan<\/strong> pays 2% interest and <strong>Neo<\/strong> pays up to 3.00% interest on its High Interest Savings Account. To find the best rates in Canada, <a href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/best-high-interest-savings-accounts\">compare high interest savings accounts<\/a>.<\/p><h3>TFSA savings account rates<\/h3><p>Tax free savings accounts (TFSAs) are a popular alternative to standard savings accounts in Canada. These accounts offer the benefit of allowing your savings to grow without your investment earnings being taxed.<\/p><p>Check the table below for the latest TFSA interest rates from the Big Five and other popular digital banks.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 32%;\" scope=\"col\">Bank<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">TFSA bank account<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Interest rate<\/th><\/tr><\/thead><tbody><tr><td><strong>RBC<\/strong><\/td><td>Tax Free Savings Account<\/td><td>0.35%<\/td><\/tr><tr><td><strong>BMO<\/strong><\/td><td>Tax Free Savings Account<\/td><td>0.25%<\/td><\/tr><tr><td><strong>TD<\/strong><\/td><td>TD Canada Trust TFSA<\/td><td>0.3%<\/td><\/tr><tr><td><strong>Scotiabank<\/strong><\/td><td>Savings Accelerator Account \u2013 Tax Free Savings Account<\/td><td>0.25%<\/td><\/tr><tr><td><strong>CIBC<\/strong><\/td><td>TFSA Tax Advantage Savings Account<\/td><td>0.25%<\/td><\/tr><tr><td><strong>EQ Bank<\/strong><\/td><td>TFSA<\/td><td>1.5%<\/td><\/tr><tr><td><strong>Simplii Financial<\/strong><\/td><td>Tax-Free Savings Account<\/td><td>0.4%<\/td><\/tr><tr><td><strong>Tangerine<\/strong><\/td><td>Tax-Free Savings Account<\/td><td>0.3%<\/td><\/tr><\/tbody><\/table><h3>How to compare savings accounts and interest rates in Canada<\/h3><p>These are the key factors you need to consider when comparing savings accounts.<\/p><h4>Interest rate<\/h4><p>Shop around to find the account with the highest rate\u2014the higher the interest rate, the faster your savings account balance will grow.<\/p><p>But check the fine print to find out if there are any terms and conditions you need to meet to get the maximum advertised rate. For example, you may need to deposit a specified amount each month to qualify for the highest rate.<\/p><p>Other accounts have tiered interest rates. The larger your account balance, the higher the interest rate. Check the tiers to find out which rate your balance will allow you to qualify for.<\/p><h4>Promo rate<\/h4><p>Some savings accounts offer a high promotional interest rate for a limited introductory period like four or five months. These accounts can be very useful if you\u2019re saving for a short-term goal, such as a vacation, in a few months\u2019 time.<\/p><p>But once the promo period ends, the account will revert back to its standard rate, which is usually much lower than the promo rate. So, if you want to keep saving, you may want to move your money to a new high interest savings account at this point.<\/p><p>When comparing promo rate savings accounts, remember to check how long the promo period lasts and whether you need to meet any special conditions (such as making a minimum monthly deposit) to qualify for the rate.<\/p><h4>Fees<\/h4><p>Most savings accounts don\u2019t have monthly fees, but some charge transaction fees when you make a withdrawal or transfer funds to another account. If you need easy access to your money, look for an account with no transaction fees or an account that supports a certain number of free transactions per month.<\/p><h4>Linked account requirement<\/h4><p>Some banks require you to also open a chequing account before you can open a savings account. If this is the case, check if the chequing account comes with a monthly fee attached.<\/p><h4>How to manage your money<\/h4><p>Easy access to your money is always important, so choose a bank with user-friendly mobile and online banking portals. If you like to have the option of accessing face-to-face customer service, choose a bank with brick-and-mortar branches rather than a digital bank.<\/p><p>Finally, check how you will be able to withdraw money from your savings account when needed. Will you be able to withdraw cash at an ATM, or will you need to transfer funds to a different account first?<\/p><h4>Insurance<\/h4><p>Choose a savings account with a financial institution that is a member of the Canada Deposit Insurance Corporation (CDIC). The CDIC insures deposits up to $100,000 in the unlikely event that your bank fails. Each Canadian province has its own deposit insurer that covers deposits at provincial credit unions.<\/p><h3>How savings account interest rates make a BIG difference for your money<\/h3><p>While a small difference in savings account interest rates might not seem like much, it can make a big impact on how quickly your balance grows. Let\u2019s take a look at a representative example.<\/p><p>Mike wants to open a high interest savings account to help pay for his daughter\u2019s education. He has $1,000 to deposit right away and plans to automatically transfer $150 from his paycheque each week to boost his savings.<\/p><p>Mike\u2019s regular Big Five bank pays 1.40% interest, but Mike browses high interest savings account rates and finds a digital bank offering 4%. Interest compounds monthly for both accounts. Mike crunches the numbers to work out how much the higher interest rate will help him save by the time his daughter graduates five years in the future.<\/p><p>As you can see in the table below, choosing the account with the higher rate will help him save an extra $1,963.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 32%;\" scope=\"col\"><\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Account A<\/th><th style=\"text-align: left; width: 34%;\" scope=\"col\">Account B<\/th><\/tr><\/thead><tbody><tr><td>Interest rate<\/td><td>1.40%<\/td><td>4%<\/td><\/tr><tr><td>Initial deposit<\/td><td>$1,000<\/td><td>$1,000<\/td><\/tr><tr><td>Weekly deposit<\/td><td>$100<\/td><td>$100<\/td><\/tr><tr><td>Interest earned after 5 years<\/td><td>$988<\/td><td>$2,951<\/td><\/tr><tr><td>Total account balance after 5 years<\/td><td>$27,988<\/td><td>$29,951<\/td><\/tr><\/tbody><\/table><h3>Savings account interest rates calculator<\/h3><p>Want to find out just how much you could save with a high interest savings account? Use the calculator below to see how a high rate and compound interest can help you reach your savings goals sooner.<\/p><style type=\"text\/css\">\n.tooltipContainer\n{\npadding: 5px;\n}\n.luna-affix__label\n{\nborder-bottom-right-radius: 0;\n    border-right-width: 0;\n    border-top-right-radius: 0;\n    padding-left: 1rem;\nborder-top-left-radius: .5rem !important;\n    border-bottom-left-radius: .5rem !important;\n}\n.luna-input\n{\n    border-bottom-left-radius: 0;\n    border-top-left-radius: 0;\n    padding-left: 0;\n    height: 2.75rem;\nborder-top-right-radius: .5rem !important;\n    border-bottom-right-radius: .5rem !important;\nfont-weight: bold;\n}\n.savingsButton\n{\nborder-radius: 20px;\npadding-top: 10px;\npadding-bottom: 10px;\n}\n.buttonCalcCol\n{\n    display: flex;\n    justify-content: flex-end;\n    flex-direction: column;\n}\n.resultsTable\n{\nwidth: 100%;\n}\n.numberCol\n{\npadding-right:5px;\nwidth: 100%;\n}\n.perColumn\n{\nmargin-top:8px;\n}\n  #btnOptions\n  {\n  \tcursor:pointer;\n  }\n  .calcColumn .form__input-set\n{\nwidth:100%;\n  font-size:20px;\n}\n  .calcColumn input\n  {\n font-size:20px;\n}\n.calcColumn select\n{\nfont-size:20px;\nwidth:100%;\npadding:12px;\n}\n .calcColumn label\n {\n font-size:20px;\n}\n.mobileCalcCol\n{\nmargin-bottom: 10px;\n}\n@media (max-width: 600px)\n{\n\n\n}\n<\/style>\n<article class=\"luna-card luna-card--border\">\n<div class=\"luna-card__block\">\n<div class=\"luna-form\">\n<form id=\"calcForm\">\n<fieldset class=\"luna-form__fieldset\">\n<div class=\"luna-form__group calcGroup\">\n<div class=\"luna-form__field\">\n<div class=\"u-grid u-grid--gutterCollapse\">\n<div class=\"u-grid__col u-1\/2@s mobileCalcCol\">\n<h5>Initial deposit<\/h5>\n<div class=\"luna-affix form__input-set form__input-set--prefix form__input-set--large js-input-set numberCol\">\n    <span class=\"luna-affix__label\">$<\/span>\n<input name=\"init\" class=\"lmiInput luna-input form__input-set-input form__input form__input--number\" type=\"text\" id=\"init\" value=\"500\">\n  <\/div>\n<\/div>\n<div class=\"u-grid__col u-1\/2@s mobileCalcCol\">\n<h5>Monthly contribution<\/h5>\n<div class=\"luna-affix form__input-set form__input-set--prefix form__input-set--large js-input-set numberCol\">\n    <span class=\"luna-affix__label\">$<\/span>\n            <input name=\"monthly\" class=\"lmiInput luna-input form__input-set-input form__input form__input--number\" type=\"text\" id=\"monthly\" value=\"100\">\n  <\/div>\n<\/div>\n<div class=\"u-grid__col u-1\/2@s mobileCalcCol\">\n<h5>Interest rate example<\/h5>\n<div class=\"luna-affix form__input-set form__input-set--prefix form__input-set--large js-input-set numberCol\">\n    <span class=\"luna-affix__label\">%<\/span>\n            <input name=\"rate\" class=\"lmiInput luna-input form__input-set-input form__input form__input--number\" type=\"text\" id=\"rate\" value=\"4\">\n  <\/div>\n<\/div>\n<div class=\"u-grid__col u-1\/2@s mobileCalcCol\">\n<h5>Number of years<\/h5>\n<div class=\"luna-affix form__input-set form__input-set--prefix form__input-set--large js-input-set numberCol\">\n <span class=\"luna-affix__label\"><\/span>\n            <input name=\"years\" class=\"lmiInput luna-input form__input-set-input form__input form__input--number\" type=\"text\" id=\"years\" value=\"10\">\n  <\/div>\n<\/div>\n<div class=\"u-grid__col buttonCalcCol calcColumn mobileCalcCol\">\n      <center>\n      <input type=\"submit\" id=\"btnCalculate\" class=\"luna-button luna-button--primary luna-button--fluid\" value=\"Calculate\">\n      <\/center>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n<\/div>\n<\/fieldset>\n\n<\/form>\n\n<div class=\"results__table\">\n<div id=\"resultsDiv\">\n<table class=\"resultsTable\"><tbody><tr><td><strong>Total savings<td><\/td><\/strong><\/td><\/tr><tr><td><strong>Total monthly contributions<\/strong><\/td><td><\/td><\/tr><tr><td><strong>Interest earned<\/strong><\/td><td><\/td><\/tr><\/tbody><\/table>\n<\/div>\n<div id=\"resultsChart\" style=\"height: 400px;\">\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<script type=\"text\/javascript\" src=\"https:\/\/www.gstatic.com\/charts\/loader.js\" defer><\/script>\n\n\n<script>\n\n  function updateTextView(_obj) {\n    var num = getNumber(_obj.val());\n    if (num == 0) {\n      _obj.val(\"\");\n    } else {\n      _obj.val(num.toLocaleString());\n    }\n  }\n  function getNumber(_str) {\n    var arr = _str.split(\"\");\n    var out = new Array();\nvar numDecimals = 0;\n    for (var cnt = 0; cnt < arr.length; cnt++) {\n      if (isNaN(arr[cnt]) == false) {\n        out.push(arr[cnt]);\n      }\nelse if(arr[cnt] == \".\" && numDecimals == 0)\n{\nnumDecimals++;\nout.push(arr[cnt]);\n}\n    }\n    \/\/return Number(out.join(\"\"));\nreturn out.join(\"\");\n  }\n\n  function getFormattedNumber(number) {\n    number = parseFloat(number.toFixed(2));\n    var formatString = number.toLocaleString();\n    if (formatString.split(\".\").length == 1) {\n      formatString = formatString + \".00\";\n    } else if (formatString.split(\".\")[1].length < 2) {\n      formatString = formatString + \"0\";\n    }\n    return formatString;\n  }\n\n  function drawChart(rows) {\n    var tableRows = rows;\nif(tableRows == null)\n{\ntableRows = [\n          [\"Year\",\n          \"Total savings\",\n          \"Total deposits\",\n          \"Total interest\",\n          \"Initial deposit\",\n          \"Tooltip\",\n        ],\n    [0, 0, '', '', '', ''],\n   ];\n}\n    tableRows = tableRows.sort(function (a, b) {\n      return b[0] - a[0];\n    });\n    var data = google.visualization.arrayToDataTable(tableRows);\n\n    data.setColumnProperties(5, {\n      role: \"tooltip\",\n      html: true,\n    });\n\n    var chart = new google.visualization.ColumnChart(\n      document.getElementById(\"resultsChart\")\n    );\n    var view = new google.visualization.DataView(data);\n    view.setColumns([0, 1, 5]);\n\n    var options = {\n      allowHTML: true,\n      tooltip: { isHtml: true },\n      title: \"\",\n      legend: \"none\",\n      \/\/width: '85%',\n      \/\/height: '100%',\n      vAxis: { title: \"Savings\", textStyle: { fontSize: 10 }, format: \"currency\" },\n      hAxis: { title: \"Years\" },\n      \/\/chartArea: {left:100,bottom:80,height: '85%', width: '80%' }\n    };\n\nif(rows == null)\n{\noptions.hAxis.viewWindow = {min: 0, max: 10 };\noptions.vAxis.viewWindow = {min: 0, max: 20000 };\n}\n\n    chart.draw(view, options);\n    var chartContainer = document.getElementById(\"resultsChart\");\n    chartContainer.style.display = \"block\";\n  }\n\nwindow.onload = function () {\n     google.load(\"visualization\", \"1.0\", { packages: [\"corechart\"] });\n\n     var emptyData = null;\n\n     google.charts.load('current', {packages:['corechart']}).then(drawChart);\n\n    $(\"#btnCalculate\").on(\"click\", function (e) {\n      e.preventDefault();\n\n      if (\n        document.getElementById(\"rate\").value.trim() == \"\" ||\n        document.getElementById(\"years\").value.trim() == \"\"\n      ) {\n        alert(\"Interest rate and duration must be provided\");\n        return;\n      }\n\n      var amount = 0;\n      var init = 0;\n      if (document.getElementById(\"monthly\").value.trim() == \"\") {\n        amount = 0;\n      } else {\n        amount = parseFloat(\n          document.getElementById(\"monthly\").value.replace(\/,\/g, \"\")\n        );\n      }\n      if (document.getElementById(\"init\").value.trim() == \"\") {\n        init = 0;\n      } else {\n        init = parseFloat(\n          document.getElementById(\"init\").value.replace(\/,\/g, \"\")\n        );\n      }\n\n      var rate =\n        parseFloat(document.getElementById(\"rate\").value.replace(\/,\/g, \"\")) \/\n        100;\n      var monthlyRate = rate \/ 12;\n\n      var years = parseFloat(\n        document.getElementById(\"years\").value.replace(\/,\/g, \"\")\n      );\n      var months = years * 12;\n\n      var compoundPrincipal = init * Math.pow(1 + monthlyRate, months);\n      \/\/console.log(\"Compound on principal: \" + compoundPrincipal);\n\n      \/\/ For calculations occurring at start of time period\n      \/\/var compoundFuture = amount * ((Math.pow((1 + monthlyRate),months) - 1) \/ (monthlyRate)) * (1 + monthlyRate);\n\n      var compoundFuture =\n        amount * ((Math.pow(1 + monthlyRate, months) - 1) \/ monthlyRate);\n\/\/      console.log(\"Compound on contributions: \" + compoundFuture);\n\n      var totalBalance = compoundPrincipal + compoundFuture;\n\n      var total = totalBalance;\n      var totalDeposit = months * amount;\n      var totalInterest = totalBalance - init - totalDeposit;\n\n      var chartData = [\n        [\n          \"Year\",\n          \"Total savings\",\n          \"Total deposits\",\n          \"Total interest\",\n          \"Initial deposit\",\n          \"Tooltip\",\n        ],\n      ];\n\n      for (x = 1; x <= years; x++) {\n        var monthlyCompoundPrincipal = init * Math.pow(1 + monthlyRate, x * 12);\n\/\/        console.log(\"=======================\");\n\/\/        console.log(\"YEAR \" + x);\n\/\/        console.log(\"=======================\");\n\/\/        console.log(\"Compound on principal: \" + monthlyCompoundPrincipal);\n\n        var monthlyCompoundFuture =\n          amount * ((Math.pow(1 + monthlyRate, x * 12) - 1) \/ monthlyRate);\n\/\/        console.log(\"Compound on contributions: \" + monthlyCompoundFuture);\n\n        var monthlyBalance = monthlyCompoundPrincipal + monthlyCompoundFuture;\n\n        var monthlyTotal = monthlyBalance;\n        var monthlyTotalDeposit = x * 12 * amount;\n        var monthlyTotalInterest = monthlyBalance - init - monthlyTotalDeposit;\n        var monthlyTooltip =\n          \"<div class='tooltipContainer'><h5>After \" + x + \" years\";\n        monthlyTooltip +=\n          \"<p><strong>Initial deposit: $\" +\n          getFormattedNumber(init) +\n          \"\";\n        monthlyTooltip +=\n          \"<p><strong>Total contributions: $\" +\n          getFormattedNumber(monthlyTotalDeposit) +\n          \"\";\n        monthlyTooltip +=\n          \"<p><strong>Total interest: $\" +\n          getFormattedNumber(monthlyTotalInterest) +\n          \"\";\n        monthlyTooltip +=\n          \"<p><h5>Total savings: $\" +\n          getFormattedNumber(monthlyTotal) +\n          \"\";\n\/\/        console.log(\"Total: \" + monthlyTotal);\n\/\/        console.log(\"Total deposits: \" + monthlyTotalDeposit);\n\/\/        console.log(\"Total interest: \" + monthlyTotalInterest);\n        var yearData = [\n          x,\n          monthlyTotal,\n          monthlyTotalDeposit,\n          monthlyTotalInterest,\n          init,\n          monthlyTooltip,\n        ];\n        chartData.push(yearData);\n      }\n\n      document.getElementById(\"resultsDiv\").innerHTML =\n        \"<table class='resultsTable'><tbody><tr><td><strong>Total savings<td>$\" +\n        getFormattedNumber(total) +\n        \"<tr><td><strong>Total monthly contributions<td>$\" +\n        getFormattedNumber(totalDeposit) +\n        \"<tr><td><strong>Interest earned<td>$\" +\n        getFormattedNumber(totalInterest) +\n        \"\";\n\n      google.load(\"visualization\", \"1.0\", { packages: [\"corechart\"] });\n\n      google.charts.load('current', {packages:['corechart']}).then(drawChart(chartData));\n\n      \/* document.getElementById(\"resultsDiv\").scrollIntoView(); *\/\n    });\n\n    $(\".lmiInput\").on(\"keyup\", function () {\n      updateTextView($(this));\n    });\n\n  }\n<\/script><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Savings calculator assumptions &amp; disclaimer<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Our savings calculator projects, not predicts, what your savings could be worth in the future. These results are indicative only. We can\u2019t predict every factor that could impact your savings like tax on interest earnings or changes in the interest rate or savings frequency. Our calculation assumes:<div class=\"has-padding-xsmall\"><\/div><ul><li>Interest earned is reinvested back into the account.<\/li><li>The interest rate doesn\u2019t change throughout the savings period.<\/li><li>Interest compounds monthly.<\/li><li>Each year is divided into 12 months of equal length, and you make regular savings payments at the start of each month.<\/li><\/ul><\/div>\n  <\/div>\n<\/li><\/ul><h3>Bottom line<\/h3><p>Shopping around for the best savings account interest rates in Canada can make a big impact on the time it takes to reach your savings goals. The best rates are generally offered by digital banks, but make sure you compare a range of options before choosing the best place to deposit your money.<article class=\"luna-card--border\">\n<div class=\"luna-card__block\">\n<div class=\"u-grid\">\n<div class=\"u-grid__col u-1\/4@s u-1\/1\" style=\"padding-bottom: 0px; place-self: center;\">\n<img decoding=\"async\" class=\"alignnone size-full wp-image-1039990\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/BMO-Logo-2_Supplied_1800x625.png\" alt=\"BMO\" width=\"1800\" height=\"625\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/BMO-Logo-2_Supplied_1800x625.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/BMO-Logo-2_Supplied_1800x625.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/BMO-Logo-2_Supplied_1800x625.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/BMO-Logo-2_Supplied_1800x625.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/BMO-Logo-2_Supplied_1800x625.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/BMO-Logo-2_Supplied_1800x625.png?fit=5400 5400w\" sizes=\"(max-width: 5400px) 100vw, 5400px\" loading=\"lazy\">\n<\/div>\n<div class=\"u-grid__col u-1\/2@s u-1\/1\">\n<p style=\"font-size:130%;\">BMO Performance Chequing Account<\/p>\n<ul class=\"list-1\">\n<li>Earn up to an <b>$900 bonus<\/b><span class=\"table-popover\" rel=\"popover\" data-content=\"&lt;b&gt;Earn up to $900.&lt;\/b&gt; Earn $700 when you open and fund a new BMO Performance Chequing Account by August 6, 2026 and complete two qualifying tasks by September 30, 2026. Earn $150 when you open a Savings Amplifier Account, deposit a total of $10,000 or more, and maintain a daily closing balance of $10,000 or more for 7 months. Earn $50 when you create one Goal and apply one Strategy in the My Financial Progress Plan by September 30, 2026. Plus, get a Walmart Delivery Pass subscription for up to 12 months when you open and fund a new BMO Chequing Account by August 6, 2026, and sign up for or update your existing Walmart Delivery Pass by September 30, 2026 by selecting Debit Mastercard as the payment option for the monthly transaction fee. *Terms apply.\" title=\"\" data-original-title=\"More info\"><\/span><\/li>\n<li><span style=\"color:#DB2420\"><b>Exclusive:<\/b><\/span> Get an extra <b>$175 reward<\/b> from Finder<span class=\"table-popover\" rel=\"popover\" data-content=\"&lt;b&gt;Exclusive offer:&lt;\/b&gt; Become a Finder member and receive a $175 digital Visa card when you open a BMO Performance Chequing Account online through Finder. Offer ends June 30, 2026. Terms and conditions apply.\" title=\"\" data-original-title=\"More info\"><\/span><\/li>\n<li>Enjoy up to 4.65% promo interest<span class=\"table-popover\" rel=\"popover\" data-content=\"&lt;b&gt;Earn up to 4.65%&lt;\/b&gt; interest when you open both a BMO Performance Chequing Account and a BMO Savings Amplifier Account. Earn 0.50% thereafter.\" title=\"\" data-original-title=\"More info\"><\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"u-grid__col u-1\/4@s u-1\/1\" style=\"padding-bottom: 0px; place-self: center;\">\n<div class=\"rewards--element-container rewards--container\" data-product-id=\"b01ef1f7-4690-430e-890a-bde8c7186248\" data-niche=\"CAFSA-CHQ\" data-product-name=\"BMO Performance Chequing Account\" data-provider-name=\"BMO\" data-rewards-campaign-name=\"bmo|performance|may-2026~cafsa\"><script type=\"text\/javascript\">window.rewardsConfigs = window.rewardsConfigs || {};window.rewardsConfigs[\"bmo|performance|may-2026~cafsa\"] = {\"startDate\":\"2026-05-01T08:00:00.000Z\",\"endDate\":\"2026-06-30T20:59:59.000Z\",\"showVisaLogo\":true,\"minimalUx\":true,\"countryCode\":\"CA\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"bannerConfig\":{\"badgeText\":\"FINDER REWARDS EXCLUSIVE\",\"title\":\"Get $175 from Finder\",\"titleHighlight\":\"$175\",\"copyText\":\"Open a \\u003Cb\\u003EBMO Performance Chequing Account\\u003C\\\/b\\u003E online through Finder and receive a \\u003Cb\\u003E$175 digital Visa card + earn up to $900\\u003C\\\/b\\u003E in welcome bonuses from BMO. Offer ends June 30, 2026.\",\"termsText\":\"Separate T\\u0026Cs apply.\",\"ctaText\":\"GET DEAL\",\"iconUrl\":\"https:\\\/\\\/www.finder.com.au\\\/parent-theme\\\/members\\\/prod\\\/images\\\/rewards-icon.d44fdf8dde3fe4daca8c6a17d56489ca.svg\",\"nicheText\":\"\",\"mode\":\"modal\",\"metaData\":{\"productId\":\"b01ef1f7-4690-430e-890a-bde8c7186248\"},\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-bmo\",\"nicheCode\":\"CAFSA-CHQ\",\"value\":\"175\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/chequing-accounts\\\/bmo-performance-chequing-account-promotion-may-june-2026\",\"validationDate\":\"2026-07-30T23:59:59.000Z\",\"fulfillmentDate\":\"2026-08-14T23:59:59.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-bmo-performance-chequing-account-reward-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"},\"modalConfig\":{\"requireName\":true,\"title\":\"Get $175 from Finder\",\"subtitleText\":\"Your Visa card will be delivered here. Your details must match your new BMO account\",\"items\":[{\"icon\":\"user\",\"text\":\"Create a Finder account for free in under 1 minute\"},{\"icon\":\"shopping-bag\",\"text\":\"Open a \\u003Cb\\u003EBMO Performance Chequing Account\\u003C\\\/b\\u003E online through Finder\"},{\"icon\":\"confetti\",\"text\":\"Receive your $175 digital Visa card from Finder on or before August 14, 2026\"}],\"heading\":\"Get $175 from Finder\",\"membersHeading\":\"Get $175 from Finder\",\"text\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Create a Finder account for free in under 1 minute\\n* Open a \\u003Cb\\u003EBMO Performance Chequing Account\\u003C\\\/b\\u003E online through Finder\\n* Receive your $175 digital Visa card from Finder on or before August 14, 2026\",\"membersText\":\"\\u003Cb\\u003EHow it works\\u003C\\\/b\\u003E\\n* Open a \\u003Cb\\u003EBMO Performance Chequing Account\\u003C\\\/b\\u003E online through Finder\\n* Receive your $175 digital Visa card from Finder on or before August 14, 2026\",\"emailCaption\":\"Your Visa card will be delivered here. Your details must match your new BMO account\",\"continueText\":\"GET $175 REWARD\",\"abortText\":\"SKIP REWARD, CONTINUE TO BMO\",\"copyText\":\"Ends on June 30, 2026\",\"termsText\":\"T\\u0026Cs apply\",\"logoUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/svg-image\\\/rewards-logo-bmo\",\"nicheCode\":\"CAFSA-CHQ\",\"value\":\"175\",\"faqUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/chequing-accounts\\\/bmo-performance-chequing-account-promotion-may-june-2026\",\"validationDate\":\"2026-07-30T23:59:59.000Z\",\"fulfillmentDate\":\"2026-08-14T23:59:59.000Z\",\"termsAndConditionsUrl\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/finder-rewards\\\/finder-bmo-performance-chequing-account-reward-promotion-terms-and-conditions-may-2026\",\"isAlwaysOn\":false,\"validationDaysAfterEntry\":null,\"fulfillmentDaysAfterEntry\":null,\"referAFriendValue\":\"25\"}};<\/script> <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/chequing-accounts\/bmo-performance-chequing-account-review-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFSA-CHQ%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bluna-button--fluid%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2222439%22%2C%22niche_code%22%3A%22CAFSA-CHQ%22%2C%22product_id%22%3A%22b01ef1f7-4690-430e-890a-bde8c7186248%22%2C%22product_name%22%3A%22BMO%2BPerformance%2BChequing%2BAccount%22%2C%22provider_id%22%3A%2217ec4faf-007c-4695-8db1-58ffc0fdcac9%22%2C%22provider_name%22%3A%22BMO%22%2C%22post_id%22%3A%221046505%22%2C%22post_path%22%3A%22savings-accounts%252Fsavings-account-interest-rates%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1060519%2C%22name%22%3A%22bmo-rebate-narrow-hero%22%2C%22country%22%3A%22ca%22%7D%7D\" class=\"luna-button luna-button--fluid luna-button--success luna-button--fluid has-margin-top-small rewards--cta\">Go to site<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article><\/p><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">Are there special savings accounts for kids?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, many banks and credit unions offer savings accounts specifically designed for children and teenagers under the age of 18. Find out more in <a href=\"https:\/\/www.finder.com\/ca\/banking\/kids-banking\/best-bank-account-for-kids\">our guide to the best bank accounts for kids<\/a>.offer<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Do I need to pay tax on the interest I earn in a savings account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes. The interest you earn is considered taxable income and will need to be reported when you file your taxes.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">What is a good interest rate for a savings account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>An interest rate of \n\n\n            \n        \n                    \n                                                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                                                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                                                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                            \n\n    \n    \n                    2.80%<button class=\"btn-link text-no-decoration\" style=\"vertical-align: top; position: relative; top: -3px; left: 1px;\" rel=\"popover\" data-content=\"This rate comes with the Oaken Financial Savings Account, which represents the highest ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.\" data-placement=\"top\" aria-label=\"More information\" aria-describedby=\"fin-tooltip-2\">\n    <svg class=\"luna-icon luna-icon--xsmall\" aria-hidden=\"true\">\n        <use href=\"#info\"><\/use>\n    <\/svg>\n    <span class=\"u-screenReader\" id=\"fin-tooltip-2\">This rate comes with the Oaken Financial Savings Account, which represents the highest ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.<\/span>\n<\/button>\n     is quite competitive, with only a few Canadian providers offering savings interest near that rate. Most financial institutions in Canada offer rates lower than that\u2014often less than 1% interest.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">Why should I open a savings account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Savings accounts offer a simple and safe way to reach your savings goals sooner. These accounts pay interest on the money you deposit, so your balance will grow without you having to do a thing. CDIC insurance covers deposits of up to $100,000 at member institutions.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000004\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000004\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div>\n<div class=\"contentFeed contentFeed--relatedPosts\">\n            <h3 class=\"contentFeed__title\">More banking guides from our experts<\/h3>\n        <div class=\"contentFeed__carousel\" data-post-count=\"6\">\n                                    <div class=\"fin-carousels fin-carousels--multiple-items-in-view\" id=\"fin-carousel0000000000\" data-items-in-view=\"3\" style=\"--items-in-view: 3\">\n    <div class=\"fin-carousels__container\">\n        <div class=\"fin-carousels__slides\">\n                                <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/banking\/banking-statistics\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/Bank-Canada_Finder_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/Bank-Canada_Finder_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/Bank-Canada_Finder_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/Bank-Canada_Finder_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/Bank-Canada_Finder_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/Bank-Canada_Finder_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/Bank-Canada_Finder_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Banking<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/banking\/banking-statistics\">Banking statistics and trends in Canada for 2025<\/a>            <\/p>        <\/header>        <p>Explore key banking statistics and figures from the Finder: Consumer Sentiment Survey January 2025.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/chequing-accounts\/best-no-fee-chequing-accounts\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Best-No-Fee-Chequing-Accounts-4_Finder_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Best-No-Fee-Chequing-Accounts-4_Finder_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Best-No-Fee-Chequing-Accounts-4_Finder_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Best-No-Fee-Chequing-Accounts-4_Finder_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Best-No-Fee-Chequing-Accounts-4_Finder_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Best-No-Fee-Chequing-Accounts-4_Finder_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/04\/Best-No-Fee-Chequing-Accounts-4_Finder_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Chequing Accounts<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/chequing-accounts\/best-no-fee-chequing-accounts\">Best free (no-fee) chequing accounts in Canada for 2026<\/a>            <\/p>        <\/header>        <p>Compare the features of 8 of the best no-fee chequing accounts in Canada, and find out how to avoid transaction fees.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/banking\/new-bank-account-offers\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/03\/Bestnewbankaccountoffers2_Supplied_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/03\/Bestnewbankaccountoffers2_Supplied_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/03\/Bestnewbankaccountoffers2_Supplied_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/03\/Bestnewbankaccountoffers2_Supplied_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/03\/Bestnewbankaccountoffers2_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/03\/Bestnewbankaccountoffers2_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/03\/Bestnewbankaccountoffers2_Supplied_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Banking<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/banking\/new-bank-account-offers\">17 best new bank account offers for May 2026<\/a>            <\/p>        <\/header>        <p>Earn cash, rewards points, bonus interest rates and more with these new bank account offers and promotions.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/banking\/kids-banking\/best-bank-account-for-teens\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Teen-Kid-Holding-Piggy-Bank_Supplied_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Teen-Kid-Holding-Piggy-Bank_Supplied_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Teen-Kid-Holding-Piggy-Bank_Supplied_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Teen-Kid-Holding-Piggy-Bank_Supplied_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Teen-Kid-Holding-Piggy-Bank_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Teen-Kid-Holding-Piggy-Bank_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Teen-Kid-Holding-Piggy-Bank_Supplied_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Kids Banking<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/banking\/kids-banking\/best-bank-account-for-teens\">Best youth bank accounts in Canada<\/a>            <\/p>        <\/header>        <p>Learn about the different types of bank accounts for your teenager and how to choose the right one.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/chequing-accounts\/best-chequing-accounts\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/07\/Best-Chequing-Accounts-Canada-2_Finder_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/07\/Best-Chequing-Accounts-Canada-2_Finder_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/07\/Best-Chequing-Accounts-Canada-2_Finder_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/07\/Best-Chequing-Accounts-Canada-2_Finder_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/07\/Best-Chequing-Accounts-Canada-2_Finder_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/07\/Best-Chequing-Accounts-Canada-2_Finder_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/07\/Best-Chequing-Accounts-Canada-2_Finder_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Chequing Accounts<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/chequing-accounts\/best-chequing-accounts\">Best chequing accounts in Canada for 2026<\/a>            <\/p>        <\/header>        <p>Compare chequing accounts and learn about our top picks. Compare different features and see which one is right for you.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/banking\/open-bank-account-online\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Typing-On-Laptop_Supplied_Canva_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Typing-On-Laptop_Supplied_Canva_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Typing-On-Laptop_Supplied_Canva_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Typing-On-Laptop_Supplied_Canva_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Typing-On-Laptop_Supplied_Canva_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Typing-On-Laptop_Supplied_Canva_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/12\/Typing-On-Laptop_Supplied_Canva_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Banking<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/banking\/open-bank-account-online\">Open a bank account online in Canada in 5 easy steps<\/a>            <\/p>        <\/header>        <p>Compare and open a bank account online in Canada in as little as 5 minutes. Learn what you need to apply and how to get started today. <\/p>                    <\/div>        <\/article>            \n<\/div>\n                \n        <\/div>\n    <\/div>\n    <div class=\"fin-carousels__controls\">\n        <button class=\"fin-carousels__nav fin-carousels__nav--prev fin-carousels__nav--disabled\" aria-label=\"Previous slide\">\n            <svg class=\"luna-icon\" style=\"--fill: var(--color-background-main)\">\n                <use href=\"#chevron-left\"><\/use>\n            <\/svg>\n        <\/button>\n        <button class=\"fin-carousels__nav fin-carousels__nav--next fin-carousels__nav--disabled\" aria-label=\"Next slide\">\n            <svg class=\"luna-icon\" style=\"--fill: var(--color-background-main)\">\n                <use href=\"#chevron-right\"><\/use>\n            <\/svg>\n        <\/button>\n    <\/div>\n\n    <div class=\"fin-carousels__dots\" role=\"tablist\" aria-label=\"Carousel navigation\"><!-- Dots will be generated by JavaScript -->\n    <\/div>\n<\/div>\n\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Compare current savings account interest rates so you can grow your savings.<\/p>\n","protected":false},"author":516,"featured_media":1046675,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"post_is_fact_checked":"false","post_co_author":"-1","post_co_author_date":null,"post_co_author_manual_date_checked":"false","post_reviewer":"-1","post_reviewer_date":"","post_reviewer_manual_date_checked":"false","post_editor":"-1","post_editor_date":null,"post_author_date":"2024-10-24T23:41:13","post_author_manual_date_checked":"false","footnotes":""},"categories":[483],"tags":[],"asset_tag":[],"class_list":["post-1046505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-savings-accounts"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Savings Account Interest Rates for 2026 | Finder Canada<\/title>\n<meta name=\"description\" content=\"Searching for the best savings account interest rates in Canada? Compare savings account rates from banks across Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/savings-accounts\/savings-account-interest-rates\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Savings Account Interest Rates | Finder Canada\" \/>\n<meta property=\"og:description\" content=\"Searching for the best savings account interest rates in Canada? Compare savings account rates from banks across Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/savings-accounts\/savings-account-interest-rates\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-25T18:14:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2024\/10\/InterestRates_Supplied_1800x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Falk\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Falk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"32 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates\"},\"author\":{\"name\":\"Tim Falk\",\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/#\\\/schema\\\/person\\\/e84372ad54f89a7447d88eab25817464\"},\"headline\":\"Savings account interest rates\",\"datePublished\":\"2024-10-25T18:14:51+00:00\",\"dateModified\":\"2026-04-30T14:12:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates\"},\"wordCount\":6457,\"publisher\":{\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cdn.finder.com.au\\\/finder-us\\\/wp-uploads\\\/sites\\\/5\\\/2024\\\/10\\\/InterestRates_Supplied_1800x1000.jpg\",\"articleSection\":[\"Savings Accounts\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"citation\":[{\"@type\":\"CreativeWork\",\"name\":\"Money Smart: Compound interest\",\"url\":\"https:\\\/\\\/moneysmart.gov.au\\\/saving\\\/compound-interest\"},{\"@type\":\"CreativeWork\",\"name\":\"Financial Consumer Agency of Canada: Savings accounts, Last modified June 26, 2023\",\"url\":\"https:\\\/\\\/www.canada.ca\\\/en\\\/financial-consumer-agency\\\/services\\\/banking\\\/bank-accounts\\\/savings-account.html\"},{\"@type\":\"CreativeWork\",\"name\":\"Canada Revenue Agency (CRA): Tax-Free Savings Account (TFSA), Guide for Individuals\",\"url\":\"https:\\\/\\\/www.canada.ca\\\/en\\\/revenue-agency\\\/services\\\/forms-publications\\\/publications\\\/rc4466\\\/tax-free-savings-account-tfsa-guide-individuals.html\"}],\"commentCount\":0},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates\",\"url\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates\",\"name\":\"Savings Account Interest Rates for 2026 | Finder Canada\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/savings-accounts\\\/savings-account-interest-rates#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cdn.finder.com.au\\\/finder-us\\\/wp-uploads\\\/sites\\\/5\\\/2024\\\/10\\\/InterestRates_Supplied_1800x1000.jpg\",\"datePublished\":\"2024-10-25T18:14:51+00:00\",\"dateModified\":\"2026-04-30T14:12:10+00:00\",\"description\":\"Searching for the best savings account interest rates in Canada? 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We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.finder.com\\\/ca\\\/#\\\/schema\\\/person\\\/e84372ad54f89a7447d88eab25817464\",\"name\":\"Tim Falk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cdn.finder.com.au\\\/finder-us\\\/wp-uploads\\\/2025\\\/11\\\/TimFalkF1_Finder_600x600.png\",\"url\":\"https:\\\/\\\/cdn.finder.com.au\\\/finder-us\\\/wp-uploads\\\/2025\\\/11\\\/TimFalkF1_Finder_600x600.png\",\"contentUrl\":\"https:\\\/\\\/cdn.finder.com.au\\\/finder-us\\\/wp-uploads\\\/2025\\\/11\\\/TimFalkF1_Finder_600x600.png\",\"caption\":\"Tim Falk\"},\"description\":\"Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. 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Find out more in <a href=\\\"https:\\\/\\\/www.finder.com\\\/ca\\\/banking\\\/kids-banking\\\/best-bank-account-for-kids\\\">our guide to the best bank accounts for kids<\\\/a>.offer\\r\"}},{\"@type\":\"Question\",\"name\":\"Do I need to pay tax on the interest I earn in a savings account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYes. The interest you earn is considered taxable income and will need to be reported when you file your taxes.\\r\"}},{\"@type\":\"Question\",\"name\":\"What is a good interest rate for a savings account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rAn interest rate of \\n\\n\\n            \\n        \\n                    \\n                                                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                                                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                                                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                                        \\n        \\n                    \\n                \\n                                        \\n                            \\n                    \\n                \\n                            \\n\\n    \\n    \\n                    2.80%<button\\n    class=\\\"btn-link text-no-decoration\\\"\\n    style=\\\"vertical-align: top; position: relative; top: -3px; left: 1px;\\\"\\n    rel=\\\"popover\\\"\\n    data-content=\\\"This rate comes with the Oaken Financial Savings Account, which represents the highest ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.\\\"\\n    data-placement=\\\"top\\\"\\n    aria-label=\\\"More information\\\"\\n    aria-describedby=\\\"fin-tooltip-3\\\"\\n>\\n    <svg\\n        class=\\\"luna-icon luna-icon--xsmall\\\"\\n        aria-hidden=\\\"true\\\"\\n    >\\n        <use href=\\\"#info\\\"><\\\/use>\\n    <\\\/svg>\\n    <span class=\\\"u-screenReader\\\" id=\\\"fin-tooltip-3\\\">This rate comes with the Oaken Financial Savings Account, which represents the highest ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.<\\\/span>\\n<\\\/button>\\n     is quite competitive, with only a few Canadian providers offering savings interest near that rate. Most financial institutions in Canada offer rates lower than that\u2014often less than 1% interest.\\r\"}},{\"@type\":\"Question\",\"name\":\"Why should I open a savings account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rSavings accounts offer a simple and safe way to reach your savings goals sooner. These accounts pay interest on the money you deposit, so your balance will grow without you having to do a thing. CDIC insurance covers deposits of up to $100,000 at member institutions.\\r\"}}]}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2026-04-30T14:12:10+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Savings Account Interest Rates for 2026 | Finder Canada","description":"Searching for the best savings account interest rates in Canada? 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Find out more in <a href=\"https:\/\/www.finder.com\/ca\/banking\/kids-banking\/best-bank-account-for-kids\">our guide to the best bank accounts for kids<\/a>.offer\r"}},{"@type":"Question","name":"Do I need to pay tax on the interest I earn in a savings account?","acceptedAnswer":{"@type":"Answer","text":"\rYes. The interest you earn is considered taxable income and will need to be reported when you file your taxes.\r"}},{"@type":"Question","name":"What is a good interest rate for a savings account?","acceptedAnswer":{"@type":"Answer","text":"\rAn interest rate of \n\n\n            \n        \n                    \n                                                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                                                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                                                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n                            \n                    \n                \n                                        \n        \n                    \n                \n                                        \n                            \n                    \n                \n                            \n\n    \n    \n                    2.80%<button\n    class=\"btn-link text-no-decoration\"\n    style=\"vertical-align: top; position: relative; top: -3px; left: 1px;\"\n    rel=\"popover\"\n    data-content=\"This rate comes with the Oaken Financial Savings Account, which represents the highest ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.\"\n    data-placement=\"top\"\n    aria-label=\"More information\"\n    aria-describedby=\"fin-tooltip-3\"\n>\n    <svg\n        class=\"luna-icon luna-icon--xsmall\"\n        aria-hidden=\"true\"\n    >\n        <use href=\"#info\"><\/use>\n    <\/svg>\n    <span class=\"u-screenReader\" id=\"fin-tooltip-3\">This rate comes with the Oaken Financial Savings Account, which represents the highest ongoing standard interest rate from the 40 savings accounts we compared in Canada. Where there are tiered interest rates, we only included the lowest tier rate.<\/span>\n<\/button>\n     is quite competitive, with only a few Canadian providers offering savings interest near that rate. Most financial institutions in Canada offer rates lower than that\u2014often less than 1% interest.\r"}},{"@type":"Question","name":"Why should I open a savings account?","acceptedAnswer":{"@type":"Answer","text":"\rSavings accounts offer a simple and safe way to reach your savings goals sooner. These accounts pay interest on the money you deposit, so your balance will grow without you having to do a thing. CDIC insurance covers deposits of up to $100,000 at member institutions.\r"}}]}]},"article_modified_time":"2026-04-30T14:12:10+00:00"},"custom_fields":{"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_masthead_subheading":["{\"text\":\"We&#039;ve compiled the latest savings account interest rates from banks, credit unions and fintechs across the Canadian market so you can easily compare your options.\"}"],"_content_type":["niche-content\/information\/analysis"],"custom_post_template":["single-masthead-two-column.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/1046505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/516"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=1046505"}],"version-history":[{"count":9,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/1046505\/revisions"}],"predecessor-version":[{"id":1078296,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/1046505\/revisions\/1078296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1046675"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=1046505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/categories?post=1046505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=1046505"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/asset_tag?post=1046505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}