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Trends for High-Interest Savings Rates for Q2 2022

July 3, 2022

Plots for Canadian high-interest savings rates from April 1st to June 30th, 2022 for the banks and credit unions that WhatBank follows.

Out of the 29, 24 increased their rates, while five kept them flat. The median increase was +0.42%. As usual GIC’s had most of the action this quarter.

The charts are arranged in descending order based on the rate on June 30th. For comparison, the median high-interest savings rate at the end of Q2 was 1.31%.

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.