Who Has The Best High-Interest Savings Rates?
Increase your return by 3000% — guaranteed. That’s what happens when you move your savings from one of Canada’s big banks to a smaller bank or credit union that WhatBank tracks.
Use the table below to see the rates for high-interest savings accounts for many of Canada’s banks. The majority of Canadians keep their money with the six largest banks. Because these banks don’t need your money, they offer relatively low interest rates.
The best high-interest savings accounts are highlighted in yellow. Below the table is a graph where you can compare the past history of high-interest savings rates of up to five financial institutions. Select the ones that you want to compare from the check box to the left of their name in the table.
|(Insurance) who guarantees all or a portion of your deposit if anything happens to your bank or credit union.|
|CDIC — the Federal Government. Some of the companies that WhatBank tracks are not independent of one another in the eyes of the CDIC. The result is that you may inadvertently exceed the maximum coverage limit. For more information see CDIC Coverage. Then go to the CDIC site, which is quite good.|
|DGCM — the Deposit Guarantee Corporation of Manitoba|
|FSRA — the Financial Services Regulatory Authority of Ontario|
|Click to sort the column.|