Canadian High Interest Savings Account Rates in January 2023
Now is a great time to take advantage of high interest savings accounts (HISAs) in Canada. With the Bank of Canada's current interest rate being high, many Canadian banks and Credit Unions are offering great rates on HISAs.
In this article, we will explore the current rates offered by Canadian financial institutions, making it easier for you to find the best option for your savings goals. Whether you are looking to grow your money over the long term or just want to earn a higher return on your investment, a HISA can be a valuable tool.
Please note that the information provided on this page is for informational purposes only and is presented on a best-effort basis. It is always a good idea to double check the rates with the financial institutions directly and to do your own research on the features and terms of high interest savings accounts (HISAs) before making a decision.
Below rates were last updated on January 2nd, 2023.
| Financial Institution | HISA Rate | Bank/Credit Union | Available in QC? |
|---|---|---|---|
| Saven Financial | 3.75% | Credit Union - ON | No - Available in ON only |
| Oaken Financial | 3.40% | Bank | Yes |
| AcceleRate Financial | 3.25% | Credit Union - MB | Yes |
| Achieva Financial | 3.25% | Credit Union - MB | Yes |
| Bridgewater Bank | 3.25% | Bank | No |
| Hubert Financial | 3.25% | Credit Union - MB | No |
| Outlook Financial | 3.25% | Credit Union - MB | Yes |
| Wealth One Bank of Canada | 3.25% | Bank | No |
| Canadian Tire Bank | 3.00% | Bank | No |
| LBC Digital | 3.00% | Bank | Yes |
| MAXA Financial | 3.00% | Credit Union - MB | Yes |
| Motive Financial | 3.00% | Bank | No |
| Peoples Trust | 3.00% | Bank | Yes |
| Alterna Bank | 2.50% | Bank | Yes |
| EQ Bank | 2.50% | Bank | Yes |
| Motusbank | 2.50% | Bank | No |
| Neo Financial | 2.25% | Bank | No |
| Ideal Savings | 1.01% | Credit Union - MB | No |