Compare the highest-interest savings accounts (HISAs) in Canada. No-fee, CDIC-insured, with competitive promotional and regular rates.
EQ Bank · savings
The EQ Bank Notice Savings Account has no monthly fee, making it risk-free to hold. Current offer: Up to 2.75% interest.
EQ Bank · savings
The EQ Bank TFSA Savings Account has no monthly fee, making it risk-free to hold. Current offer: 1.50% interest.
Neo Financial · savings
The Neo Savings Account has no monthly fee, making it risk-free to hold. Current offer: Up to 3% interest.
Tangerine · savings
The Tangerine Tax-Free Savings Account has no monthly fee, making it risk-free to hold.
Tangerine · savings
The Tangerine Savings Account has no monthly fee, making it risk-free to hold. The promotional rate hits 4.5% for 5 months. Current offer: Get a 4.50% interest rate for 5 months.
5 months
Complete Guide
A high-interest savings account (HISA) is the right home for your emergency fund, short-term goals, and any cash you don't need within 24 hours. The best HISAs in Canada pay 3.5–5% interest with no monthly fee, no minimum balance, and full CDIC insurance up to $100,000 per category.
Most banks offer promotional rates (5–6%) for the first 3–6 months to attract new customers. Always check the regular rate that kicks in afterward — that's what you'll actually earn long-term. EQ Bank has historically offered one of the highest everyday rates in Canada.
HISAs win on flexibility (withdraw anytime), GICs win on locked-in rates (better when rates are falling). For an emergency fund: always HISA. For money you can lock up for 1+ year: compare both — GIC rates often beat HISA regular rates by 0.5–1%.
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