Compare the top HISA rates across Canadian banks and fintechs. All rates verified and updated monthly. Your cash deserves to work harder.
A high-interest savings account isn't just for your emergency fund. During periods of market volatility, HISAs serve as a safe haven for capital preservation — your principal is protected, you earn guaranteed interest, and your money stays fully liquid.
Whether you're parking cash between investments, saving for a down payment in your FHSA, or building a war chest to deploy when markets dip, the right HISA ensures your idle cash isn't losing purchasing power to inflation.
Sorted by savings account rate. All rates are standard (non-promotional) unless noted.
| Bank | Savings Rate | TFSA Rate | Insurance | Min. Balance | |
|---|---|---|---|---|---|
|
SF
Saven Financial
Digital bank
|
2.85% | 2.85% | CDIC | $0 | Open Account |
|
OF
Oaken Financial
Home Trust subsidiary
|
2.80% | 2.80% | CDIC | $0 | Learn More |
|
BW
Bridgewater Bank
Alberta-based
|
2.70% | — | CDIC | $0 | Learn More |
|
W1
Wealth One Bank
Digital bank
|
2.60% | 2.60% | CDIC | $0 | Learn More |
|
CT
Canadian Tire Bank
Retail bank
|
2.40% | 2.40% | CDIC | $0 | Learn More |
|
HF
Hubert Financial
Credit union
|
2.30% | 2.30% | Provincial | $0 | Learn More |
|
N
Neo Financial
Fintech
|
2.25% | — | CDIC | $0 | Learn More |
|
PC
PC Financial
CIBC partner
|
2.20% | — | CDIC | $0 | Learn More |
|
LB
Laurentian Bank
Schedule I bank
|
2.20% | 2.20% | CDIC | $0 | Learn More |
|
ML
Manulife Bank
Schedule I bank
|
1.50% | 1.05% | CDIC | $0 | Learn More |
|
WS
Wealthsimple
Fintech
|
1.25% | 1.25% | CDIC | $0 | Learn More |
|
EQ
EQ Bank
Digital bank
|
1.00% | 1.50% | CDIC | $0 | Learn More |
Rates shown are standard non-promotional rates as of March 2026 and are subject to change. Always verify current rates directly with the institution. Provincial deposit insurance covers credit union deposits and may exceed CDIC limits in some provinces.
When markets turn turbulent, HISAs provide a guaranteed return with zero risk to your principal. Park cash here while you wait for better entry points into equities. No lock-in period means you can deploy capital the moment opportunity strikes.
Every investor needs 3-6 months of expenses in a liquid, accessible account. A HISA is the ideal home — earning meaningful interest while staying instantly available. Don't let your safety net sit in a big bank at 0.01%.
Hold your TFSA cash allocation in a HISA TFSA. Several banks offer competitive TFSA savings rates. Combined with your investment TFSA, this creates a balanced approach — growth assets alongside protected cash, all tax-free.
Saving for your first home? As you approach your purchase date, shift FHSA investments from equities to a HISA to protect your down payment from a last-minute market dip. Capital preservation becomes more important than growth.
The highest rate matters, but also consider whether the bank offers TFSA and RRSP savings accounts, how easy transfers are, and whether the rate is promotional (will it drop after 3 months?).
CDIC covers $100,000 per depositor, per insured category. Credit unions have provincial coverage that may be unlimited (like in Manitoba and Alberta). Know what protects your money.
Banks like EQ Bank and Wealthsimple offer savings, investing, and everyday banking in one place. Having everything under one roof makes it easier to move money between your HISA and investment accounts.
There's no rule saying you can only have one HISA. Many savvy Canadians spread their cash across 2-3 institutions to maximize rates and stay within CDIC coverage limits on larger balances.
Tell us what you're saving for and how much, and we'll match you with the best HISA or GIC for your situation.