High-Interest Savings Rates for January to December 2022 header image

High-Interest Savings Rates for January to December 2022

Plots for Canadian high-interest savings rates from January 1st to December 31st, 2022 for the banks and credit unions that WhatBank follows.

Out of the 26, 24 increased their rates, while two kept them flat. Here’s looking at you TD and Ideal Savings. The median rate at the close of the year was 2.75%. As has been typical of late, GIC’s had more action this year.

The charts are arranged in descending order based on the rate on December 31st. .

View WhatBank’s interactive table of Canada’s best high-interest savings rates and sign up to receive email notifications when rates you care about change.

Be sure to check out WhatBank’s new credit card finder. It graphically shows the value that you get from your credit card, takes taxes and fees into account when you choose to use the card for flights, and even shows you what happens if you don’t pay off your card in full each month.