High Interest Savings Accounts in Canada

This is a list of High Interest Savings Accounts that are currently available in Canada.

Bank Account Rate TFSA (Rate) Annual Return (10k) Monthly Return (10k) Annual Return (20k) Monthly Return (20k) Annual Return (30k) Monthly Return (30k)
Motive Financial Motive™ Savvy Savings Account 2.80% 2.40% 280 23.33333333 560 46.66666667 840 70
EQ Bank Savings Plus Account 2.30% n/a 230 19.16666667 460 38.33333333 690 57.5
Wealthsimple Savings 2% n/a 200 16.66666667 400 33.33333333 600 50
Alterna Bank High Interest eSavings 2.30% n/a 230 19.16666667 460 38.33333333 690 57.5
  • Annual returns are uncompounded and are meant to be an indication of what you can earn
  • Annual returns are only shown for the normal (non-registered) rates posted by these institutions

These High Interest Savings accounts are worth considering if you have some disposable income that you can save. In some cases, deposits into these accounts can pay as much as your monthly phone bills.