Best HISA Rates With The Highest Interest Rates in Canada

Compare the best High Interest Savings Account rates and features from top Canadian banks. Find the best deal for your savings with CDIC-insured protection.

Compare All HISA Rates

💰 Best HISA Rates in Canada

Product Rate Term Min Deposit Action
Scotiabank MomentumPLUS Savings Account
Promo Rate 		5.00% Ongoing $0 Apply Now
CIBC eAdvantage® Savings Account
Promo Rate 		4.90% Ongoing $0 Apply Now
Royal Bank High-Interest eSavings
 4.70% Ongoing $0 Apply Now
BMO Savings Amplifier Account
Promo Rate 		4.70% Ongoing $0 Apply Now
RBC High Interest eSavings
Promo Rate 		4.70% Ongoing $0 Apply Now

About High Interest Savings Account

A savings account offering higher interest rates than traditional savings accounts.

Tax Treatment: Interest income is taxable
Liquidity: Very high - instant access
Risk Level: No risk (CDIC insured)

Best For:

  • Emergency funds
  • Short-term savings
  • Risk-free returns
  • Liquidity needs

❓ Frequently Asked Questions

How accurate are these interest rates?

We update our rates regularly by scraping bank websites. However, rates can change frequently, so always verify with the bank before making decisions.

Are all these banks CDIC insured?

Most major Canadian banks are CDIC insured, providing up to $100,000 protection per depositor. Check individual bank details for CDIC membership status.

How often do interest rates change?

Interest rates can change at any time based on Bank of Canada policy rates and market conditions. Some banks change rates more frequently than others.

What should I consider when choosing a savings account?

Consider the interest rate, minimum deposit, fees, accessibility, and whether the institution is CDIC insured.