Best High-Interest Savings Accounts in Canada
Compare HISA rates in Canada. Find the highest interest rates on savings accounts with no fees and CDIC protection.
30 accounts
National Bank High Interest Savings Account
Monthly Fee
$0
Interest Rate
0.55%
Tangerine Savings Account
Monthly Fee
$0
Interest Rate
—
Promo Rate
4.5%
Scotiabank MomentumPLUS Savings Account
Monthly Fee
$0
Interest Rate
0.55%
Scotiabank Savings Accelerator Account
Monthly Fee
$0
Interest Rate
1.4%
Promo Rate
4.05%
Scotiabank Right Size Savings for business
Monthly Fee
$0
Interest Rate
1.5%
Promo Rate
3.15%
EQ Bank RRSP Savings Account
Monthly Fee
$0
Interest Rate
—
EQ Bank TFSA Savings Account
Monthly Fee
$0
Interest Rate
—
Neo Savings Account
Monthly Fee
$0
Interest Rate
—
EQ Bank Notice Savings Account
Monthly Fee
$0
Interest Rate
—
Simplii Financial High Interest Savings Account
Monthly Fee
$0
Interest Rate
—
Promo Rate
4.5%
Complete Guide
Best High-Interest Savings Accounts in Canada
High-Interest Savings Accounts
A high-interest savings account (HISA) is the best place for your emergency fund and short-term savings. The best HISAs in Canada offer 3.5–5% interest with no fees, no minimum balance, and full CDIC insurance. Rates change frequently, so it’s worth comparing regularly.
Promotional vs Regular Rates
Many banks offer promotional rates (5–6%) for the first few months to attract new customers. Always check the regular rate that kicks in after the promo period. EQ Bank consistently offers one of the highest everyday rates in Canada.
FAQ
Frequently Asked Questions
1What’s the highest savings rate in Canada right now?
Rates change frequently. As of 2026, top rates range from 4-5% for everyday savings. Check promotional rates which can be higher but temporary.
2Are high-interest savings accounts safe?
Yes. All accounts at CDIC member institutions are insured up to $100,000 per category. This includes EQ Bank, Tangerine, and all major banks.