Scotiabank vs Simplii Financial Banking Comparison

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

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📊 Side-by-Side Comparison

Scotiabank

Product Rate Term
Scotiabank MomentumPLUS Savings Account 5.00% Ongoing
WealthONE Bank of Canada 2 Year GIC 3.75% 2 years
WealthONE Bank of Canada 3 Year GIC 3.70% 3 years
WealthONE Bank of Canada 1 Year GIC 3.65% 1 year
Scotiabank 3 Years GIC 3.62% 3 years

Simplii Financial

Product Rate Term
CIBC eAdvantage® Savings Account 4.90% Ongoing
Simplii Financial High Interest Savings Account 4.25% Ongoing
CIBC GIC 4.00% 1 Year
TFSA Savings Account 3.65% Ongoing
Simplii Financial 5 Years GIC 3.65% 5 years

❓ 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.