savings interest rates

Savings Interest Rates (HISA, TFSA, GIC) in Canada 2022

Covering the highest savings interest rates for below

  • High Interest Savings Accounts (HISA)
  • Tax-Free Savings Accounts (TFSA)
  • Guaranteed Investment Certificates (GIC)

Charts are updated regularly but please leave me a comment if I miss updating. Reference below pages for detailed explanation and more information on these charts.

HISA (High Interest Savings Account) Rates Chart

Updated: May 23, 2022

FI NameHISA RateQC EligibleCoverage
Motive Financial1.75% No CDIC
Hubert Financial1.70% NoDGCM
AcceleRate Financial1.70%YesDGCM
Wealth One Bank of Canada1.60% No CDIC
Oaken Financial1.60%Yes CDIC
Outlook Financial1.60%YesDGCM
Peoples Trust1.60%Yes CDIC
MAXA Financial1.60%YesDGCM
Wyth Financial1.60%NoCDIC
EQ Bank1.50% No CDIC
Bridgewater Bank1.50%NoCDIC
Achieva Financial1.50%YesDGCM
MotusBank1.50%Yes CDIC
Neo Financial1.45% No CDIC
LBC Digital1.15%Yes CDIC
Canadian Tire Bank1.10% No CDIC
Implicity Financial1.10%YesDGCM
Ideal Savings1.01% NoDGCM
Alterna Bank0.90%Yes CDIC
Tangerine Bank0.10%YesCDIC
TD Bank0.05%YesCDIC

TFSA (Tax-Free Savings Account) Rates Chart

Updated: May 23, 2022

FI NameTFSA RateQC EligibleCoverage
Ideal Savings1.76% NoDGCM
Motive Financial1.75% No CDIC
AcceleRate Financial1.70%YesDGCM
Hubert Financial1.70% NoDGCM
Wealth One Bank of Canada1.60% No CDIC
Canadian Tire Bank1.60% No CDIC
Peoples Trust1.60%Yes CDIC
Outlook Financial1.60%YesDGCM
MAXA Financial1.60%YesDGCM
EQ Bank1.50% No CDIC
Achieva Financial1.50%YesDGCM
motusbank1.50%Yes CDIC
Implicity Financial1.10%YesDGCM
Alterna Bank0.90%Yes CDIC
Tangerine Bank0.10%YesCDIC
TD Bank0.05%YesCDIC

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