Canadian savings and GIC rates
22 banks, credit unions and fintechs, checked daily on each institution's own website. Ranked by rate only.
Also available inside ChatGPT and Claude: ask "what's the best savings rate in Canada right now?"
High-interest savings accounts
| Institution | Account | Rate | Ongoing rate | Promotion or conditions | Min. deposit | Checked |
|---|---|---|---|---|---|---|
| BMO Bank of Montreal | Savings Amplifier Account | 5.00% | 0.45% | 5.00% for 4 mo (Promo rate on balances up to $1,000,000 when you open a new chequing account with a new Savings Amplifier Account) | 2026-11-15 | |
| EQ Bank | 30 Day Notice Savings Account | 3.00% | 3.00% | Withdrawals need 30 days' notice | 2026-11-15 | |
| Oaken Financial | Savings Account | 3.00% | 3.00% | 2026-11-14 | ||
| Neo Financial | Neo Savings account | 2.25% | 2.25% | 3.00% (Rate depends on membership: Essentials 2.25%, Start 2.5%, Build 2.75%, Grow 3%. Membership fees range from $0 to $14.99 per month. Earnings paid at Neo's discretion. Balance limit $200,000 per account.) | 2026-11-15 | |
| Achieva Financial | Daily Interest Savings Account | 2.05% | 2.05% | 2026-11-15 | ||
| DUCA Financial | Rise Chequing | 2.00% | 2.00% | 2026-11-15 | ||
| KOHO | KOHO High Interest Savings | 2.00% | 2.00% | 3.50% (Rate depends on KOHO plan chosen; up to 3.5% on higher-tier plans) | 2026-11-15 | |
| Scotiabank | Scotia High Interest Savings Account (HISA) | 1.75% | 1.75% | Rate depends on Total Relationship Balance: 0% under $10,000, 1.75% $10,000-$99,999, 2.00% $100,000+, 2.25% $250,000+, 2.45% $500,000+ | 2026-11-15 | |
| Peoples Bank of Canada | e-savings | 1.20% | 1.20% | 2026-11-15 | ||
| Alterna Bank | High Interest eSavings Account | 1.05% | 1.05% | 2026-11-15 | ||
| RBC Royal Bank | RBC High Interest eSavings | 0.65% | 0.65% | 2026-11-15 | ||
| Tangerine | Savings Account | 0.30% | 0.30% | 2026-11-15 |
TFSA savings accounts
| Institution | Account | Rate | Ongoing rate | Promotion or conditions | Min. deposit | Checked |
|---|---|---|---|---|---|---|
| Tangerine | Tax-Free Savings Account | 5.00% | 0.30% | 5.00% for 5 mo (Boosted 5.00% rate on TFSA Savings for 5 months; conditions apply) | 2026-11-15 | |
| Oaken Financial | TFSA Savings Account | 3.00% | 3.00% | 2026-11-14 | ||
| Achieva Financial | Daily Interest Savings Account (Registered) | 2.20% | 2.20% | 2026-11-15 | ||
| EQ Bank | TFSA Cash Savings Account | 1.75% | 1.75% | 2026-11-15 | ||
| Alterna Bank | TFSA eSavings Account | 1.05% | 1.05% | 2026-11-15 | ||
| DUCA Financial | Earn More TFSA | 0.25% | 0.25% | 2026-11-15 | ||
| Scotiabank | Savings Accelerator Account - Tax-Free Savings Account (TFSA) | 0.25% | 0.25% | 2026-11-15 |
1-year GICs
| Institution | GIC | Rate | Redeemable | Min. deposit | Checked |
|---|---|---|---|---|---|
| Achieva Financial | 1 Year Term Deposit | 3.95% | $1,000 | 2026-11-15 | |
| Oaken Financial | 1 Year GIC | 3.90% | No | $100 | 2026-11-14 |
| EQ Bank | 1 Year GIC | 3.70% | 2026-11-15 | ||
| Tangerine | GIC 1 year | 3.60% | 2026-11-15 | ||
| DUCA Financial | 1 Year Non-Redeemable Term Deposit | 3.40% | No | $500 | 2026-11-15 |
| Alterna Bank | eTerm Deposit 1 Year | 2.65% | 2026-11-15 | ||
| Peoples Bank of Canada | Long-Term GIC 1 year | 2.55% | 2026-11-15 | ||
| Scotiabank | Guaranteed Income Optimizer | 2.45% | $5,000 | 2026-11-15 |
5-year GICs
| Institution | GIC | Rate | Redeemable | Min. deposit | Checked |
|---|---|---|---|---|---|
| Oaken Financial | 5 Year GIC | 4.50% | No | $100 | 2026-11-14 |
| Achieva Financial | 5 Year Term Deposit | 4.35% | $1,000 | 2026-11-15 | |
| EQ Bank | 5 Year GIC | 4.30% | 2026-11-15 | ||
| DUCA Financial | 5 Year Non-Redeemable Term Deposit | 4.20% | No | $500 | 2026-11-15 |
| Tangerine | GIC 5 year | 4.05% | 2026-11-15 | ||
| Alterna Bank | eTerm Deposit 5 Year | 3.30% | 2026-11-15 | ||
| Peoples Bank of Canada | Long-Term GIC 5 year | 2.85% | 2026-11-15 | ||
| Scotiabank | Guaranteed Income Optimizer | 2.75% | $5,000 | 2026-11-15 |