EQ Bank vs Simplii Financial TFSA Rates Comparison

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

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About Tax-Free Savings Account

A registered account that allows Canadians to earn tax-free investment income.

Tax Treatment: Tax-free growth and withdrawals
Liquidity: High - withdraw anytime
Risk Level: Varies by investment choice

Best For:

  • Emergency funds
  • Short to medium-term goals
  • Tax-free growth
  • Flexible savings

📊 Side-by-Side Comparison

EQ Bank

Product Rate Term
EQ Bank TFSA Savings 1.75% Ongoing

Simplii Financial

Product Rate Term
TFSA Savings Account 3.65% Ongoing
CIBC TFSA Savings 0.30% Ongoing
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❓ 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.