Best high-interest savings accounts in Canada 2022 + MORE Oct 5th

All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.

Latest News

Stock news: Canada’s big banks raise dividends after strong Q2 earnings May 30th

Here’s a round-up of news for Canadian investors this week. BMO National Bank Scotiabank CIBC TD Bank RBC Featured RRSP Accounts featured EQ Bank Build your retirement.... More »

How to deal with your finances when the economy is stressing you out + MORE Mar 7th

Who would have thought that just a few month ago, all we had to “worry” about was the ongoing pandemic, high interest and inflation rates, and high grocery and housing costs. We’re three months into 2025 and so far we’ve had tariffs on Canadian goods threatened in February, then actual tarif.... More »

How to save (and invest) your first $100,000 + MORE Mar 28th

A popular milestone goal for young adults just starting out is to save $100,000 cash. YouTube and TikTok are buzzing with videos on this very topic, and it makes sense—$100,000 is enough to give you financial breathing room and life-changing options, like making a down payment on a condo or house,.... More »

Contribute to RRSP or pay off mortgage? Oct 12th

Ask MoneySense We have a small mortgage, only $80,000, coming up for renewal. We have some money (approximately $25,000) that we can either put on the mortgage or invest or put into our RRSP. What is the best way to go? —Linda Which should Canadians prioritize: RRSP or mortgage? Most of .... More »

Online “finfluencers” grow up + MORE Jul 4th

If you’re someone near or at retirement, has a column like the one you’re now reading ever “finfluenced” any of your financial decisions? Increasingly, many Canadian investors are turning to a new generation of voices online, a trend that regulators are starting to watch more closely. .... More »

Best high-interest savings accounts in Canada 2022

– moneysense.ca

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest is a no-brainer.

However, when shopping for an account, there’s more to consider than just the interest. You can make an informed decision by using the finder tool to compare the fees and features of several different options available. But do scroll down to read our seven editors’ picks for the best high-interest savings accounts (HISA) in Canada.

These are rates offered by Ratehub partners. You can find information about additional product options below.

You can compare high-interest rates in the table above or input your estimated account balance to compare the growth between HISAs, tax-free savings accounts, registered retirement savings plans and youth savings accounts.

Our pick for the best high-interest savings accounts in Canada for 2022

Best high-interest savings account rate: Saven Financial High Interest Savings Account ;Motive Savvy Savings Account
Best for interest rates and no service fees: EQ Bank Savings Plus Account
Best regular interest rate at a credit union: Maxa Financial High-Interest Savings Account
Best e-savings account: Neo Money Account
Best regular interest rate in a hybrid account: Wealthsimple Cash
Best promotional rate: Meridian Credit Union; Tangerine Savings Account; Simplii Financial
Honourable mention: Simplii Financial High Interest Savings Account
Best tiered interest product: Scotiabank MomentumPlus Savings Account

Best high-interest savings account rate: Saven Financial High Interest Savings Account*

This HISA may sneak under the radar, but once you see the rate you will be impressed…

Continue Reading On moneysense.ca »

As inflation soars, how can I protect my retirement nest egg from losing value?

– thestar.com

The best way to fight inflation is to make sure your portfolio is earning higher returns than the inflation rate.

Continue Reading On thestar.com »

Banks.ca constantly finds the best and most current Retirement information available in Canada.

Share