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 InstitutionHISA RateBank/Credit UnionAvailable in QC?
Saven Financial3.75%Credit Union - ONNo - Available in ON only
Oaken Financial3.40%BankYes
AcceleRate Financial3.25%Credit Union - MBYes
Achieva Financial3.25%Credit Union - MBYes
Bridgewater Bank3.25%BankNo
Hubert Financial3.25%Credit Union - MBNo
Outlook Financial3.25%Credit Union - MBYes
Wealth One Bank of Canada3.25%BankNo
Canadian Tire Bank3.00%BankNo
LBC Digital3.00%BankYes
MAXA Financial3.00%Credit Union - MBYes
Motive Financial3.00%BankNo
Peoples Trust3.00%BankYes
Alterna Bank2.50%BankYes
EQ Bank2.50%BankYes
Neo Financial2.25%BankNo
Ideal Savings1.01%Credit Union - MBNo