Skip to content | Skip to institutional links

Common menu bar links

Savings Accounts - Interactive Tool

Step 3 of 3

Compare your options

These accounts may fit your needs. Click on the tabs to learn more about these accounts. The interest rates highlighted in yellow match the minimum balance you selected in step 2.

(Use arrows to sort columns, red arrow [] shows active sort)

This table show information on saving account
Institution Account name	Account accessibility				Time required for transfers (in business days)		Notes
Institution Account name	Automated banking machine	Internet	Phone	In-branch	At the same financial institution	At another financial institution	Notes
Ally (ResMor Trust) High Interest Savings Account	—			—	same day	up to 3 business days	To open an account, the consumer must have a current chequing account with a financial institution. Ally (ResMor Trust) accounts are not available in Quebec.
Canadian Tire Bank High Interest Savings Account	—			—	Same day	1 to 2 days	To open an account, the consumer must have a current chequing account with a financial institution. Canadian Tire Bank accounts are not available in Quebec.
ICICI Bank Canada HiSave Savings Account					Same day	1 day	—
ING Bank of Canada Investment Savings Account				—	Same day	1 to 2 days (See Notes column)	To open an account, the consumer must have a current chequing account with a financial institution. Time required for transfers: one to two business days and five to seven business days for cheques.
HSBC Bank Canada Direct Savings				—	Same day	1 day	HSBC Bank Canada High Rate Savings and Regular Savings accounts are not available in P.E.I. or in the Territories.
Manulife Bank Manulife Bank Investment Savings Account	—	—	—	—	1 day	1 day	—
Dundee Bank of Canada Dundee Investment Savings Account	—	—	—	—	—	1 day	Interest calculated on the daily opening balance. Account available through financial advisors on the FundServ network.
HSBC Bank Canada High Rate Savings					Same day	1 day	Interest calculated with C1 method on balance up to $1,000,000, and with C2 method above that. HSBC Bank Canada High Rate Savings and Regular Savings accounts are not available in P.E.I. or in the Territories.
ICICI Bank Canada Premium Savings Account					Same day	1 day	—
RBC Royal Bank RBC High Interest eSavings					Same day	Available	—
PC Financial Interest First Savings Account				—	1 day	1 to 6 days	PC Financial accounts are not available in Quebec.
PC Financial Interest Plus Savings Account				—	1 day	1 to 6 days	Anniversary bonus interest from 0.02% to 0.10%, depending on the annual balance and time the account has been open. PC Financial accounts are not available in Quebec.
National Bank Special Project Savings Account					Same day	Available	Minimum deposit: $10 per month with automatic transfer. Transfers can be done from more than one National Bank account. National Bank accounts are not available in Newfoundland, Nova Scotia, Northwest Territories and Nunavut.
BMO Bank of Montreal Premium Rate Savings Account					Same day	—	Possible to add this account to an Everyday Banking Plan, as part of the fixed monthly fee.
CIBC CIBC Premium Growth Account					Same day	—	Interest calculated with C1 method on balance up to $59,999.99, and with C2 method above that.
Scotiabank Money Master Savings Account					Same day	Available	—
Alterna Savings/Alterna Bank Daily Interest Savings					Same day	—	Account monthly fee varies depending on account package. Alterna Savings are only available in Ontario and Quebec.
CIBC CIBC Bonus Savings Account					Same day	—	—
Alterna Savings/Alterna Bank Tiered Interest Savings					Same day	—	Account monthly fee varies depending on account package. Alterna Savings are only available in Ontario and Quebec.
HSBC Bank Canada Regular Savings					Same day	1 day	HSBC Bank Canada High Rate Savings and Regular Savings accounts are not available in P.E.I. or in the Territories.
Scotiabank Scotia Daily Interest Savings Account					Same day	Available	—
TD Canada Trust Companion Savings Account					Same day	1 day	Transaction fees waived for balance over $25,000.
TD Canada Trust Tier Savings Account					Same day	1 day	Transaction fees waived for balance over $25,000. Interest calculated with C1 method on balance up to $59,999.99, and with C2 method above that.
National Bank The Strategist or Natcan Strategist Account¹					Same day	Available	Interest rates can vary depending on the region. Transaction fees waived for balance over $25,000. Interest calculated with C1 method on balance up to $59,999.99, and with C2 method above that. National Bank accounts are not available in Newfoundland, Nova Scotia, Northwest Territories and Nunavut.
RBC Royal Bank RBC Day to Day Savings					Same day	Available	—
BMO Bank of Montreal Interest Chequing Account					Same day	—	Possible to add this account to an Everyday Banking Plan, as part of the fixed monthly fee.
Scotiabank Scotia Gain Plan Investment Savings Account					Same day	Available	Interest calculated with C1 method on balance up to $59,999.99, and with C2 method above that.
BMO Bank of Montreal Smart Saver Account					Same day	—	—
Canadian Western Bank Summit Savings Account	—				Same day	Same day	C1 method on balance up to $1,000,000 and with C2 method above that. Canadian Western Bank branches are located in Manitoba, Saskatchewan, Alberta and British Columbia.
CIBC eAdvantage^TM Savings Account					Same day	_
RBC Royal Bank RBC Enhanced Savings					Same day	Available	Interest calculated with C1 method on balance up to $59,999.99, and with C2 method above that.
Scotiabank Scotia Power Savings Account					Same day	Available	Can be opened in BNS branches.
TD Canada Trust Guaranteed Investment Account					Same day	1 day	—

Data last updated: August 2009

This account is offered by Natcan Trust Company but is administered by the National Bank of Canada.