The best high-interest savings accounts in Canada for 2024

Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.

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8 Best High-Interest Savings Accounts In Canada For 2024 | Finder

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Dec 3, 2024 · The Simplii High Interest Savings Account is another top pick for the best high-interest savings accounts in Canada. It earns a high promo rate of 4.6% interest for 5 months …

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Best High Interest Savings Account In Canada For 2024

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Sep 3, 2024 · The BMO Savings Amplifier Account offers an interest rate of 1.90% — a figure that outshines its counterparts in Canada’s big bank offerings. This competitive edge, coupled with …

wealthrocket.com

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Best High Interest Savings Account In Canada Dec. 2024 - Wallet …

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Jul 26, 2024 · This is post contains a list of the best high interest savings account (HISA) in Canada for 2024. If you’re tired of the measly 0.05% – 0.35% savings rate on big banks’ …

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The Best High Interest Savings Accounts In Canada In December …

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Jan 22, 2024 · As of right now, EQ Bank features prominently with its Personal Account (formerly the Savings Plus Account), offering an enticing 4.00% interest if you set up automatic …

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Best High Interest Savings Accounts In Canada - Frugal Flyer

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Account holders can expect to earn at the following rates: Earn 0.40% interest when the total savings account balance is under $100,000. Earn 0.65% interest when the total savings …

frugalflyer.ca

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Best High Interest Savings Accounts In Canada 2024

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Apr 6, 2024 · Simplii High Interest Savings Account: 0.40% (Goes up if you have $100k+) 6.00% for 5 months (ends on April 30th, 2024) $0 monthly fee No minimum balance CDIC insured: …

stephandden.com

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Best High-Interest Savings Account Options In Canada 2024

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With a maximum balance of $200,000 per customer, EQ Bank provides a secure and convenient option for your high-interest savings. 2. LBC Digital High-Interest Savings Account. Interest …

foolinvestor.com

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The Best Canadian Stocks To Buy And Hold Forever In A TFSA

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1 day ago · With 2025 around the corner, Canadians will see their Tax-Free Savings Account (TFSA) total contribution limit increase. The annual limit is set to remain flat at $7,000 in 2025, …

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FAQs about The best high-interest savings accounts in Canada for 2024 Coupon?

What are the best high-interest savings accounts in Canada?

This combination of a high interest rate and limited conditions makes EQ Bank one of the top recommended best high-interest savings accounts in Canada. Regular interest rate: 5% interest, plus 1% cash back on select purchases. Earn up to 5% with KOHO's paid plans. Credit card: Earn 1% cash back on groceries, eating & drinking and transportation. ...

How do high-interest savings accounts work in Canada?

Some online banks only offer high-interest savings accounts, and they often have the best rates in Canada. If there is a promotional interest rate available, you’ll earn that higher rate, and once it expires, your money will earn interest at the account’s regular rate. Most high-interest savings accounts debit their interest earned monthly. ...

Which banks offer high interest savings accounts in Canada?

Simplii Financial also has one of the highest promotional high interest savings account rate I could find in Canada at 5.90%. But overall, EQ Bank has the best high interest savings account offering in Canada. Though its rate is lower than Tangerine and Oaken Financial, it offers more account offering including TFSA, RRSP, USD Savings and more. ...

Are high-interest savings accounts a good choice?

If you’re specifically looking for an account that can fast-track your savings, it may be time to explore the world of high-interest savings accounts, or HISAs. While the best high-interest savings accounts offer robust interest rates, that’s not the only way to compare them. ...

What is a high interest savings account (Hisa) in Canada?

With a solid 5% interest rate and extra perks, it offers more rewards and the highest rate of all high interest savings accounts in Canada. Choosing a High Interest Savings Account (HISA) in Canada allows you to earn competitive interest rates on your savings while keeping funds easily accessible. ...

Does Bank of Canada offer high-interest savings?

And since the Bank of Canada has slashed interest rates in the wake of the coronavirus pandemic, many of these small online banks are offering better high-interest savings options than their big-bank competitors at the moment. Should I get a high-interest savings account? ...