The best high-interest savings accounts in Canada for 2025 + MORE Dec 24th

The new year is the perfect chance to reset your financial goals and build better money habits. Whether you’re looking to save more, streamline your banking, or invest in your future, the steps you take now can set you up for lasting success. Read on for 5 money moves you can make before we say goodbye to 2025.

1. Revisit your budget

Budgets are a great tool to help you stay on track with your spending and savings goals, but they need regular updates to maximize their effectiveness. Hopefully, you’ve recorded any changes to your income, expenses, or money objectives throughout the year. If not, now is the time to do a deep update and analyze your progress. 

If you find evidence of impulse spending, it’s time to make some adjustments. For example, rather than keeping all of your income in an instant-access chequing or savings account, you could tuck some away in an account like EQ Bank’s high-interest no-fee Notice Savings Account. In exchange for giving advance notice of a withdrawal (10 or 30 days), you get a higher interest rate…

A survey by CPA Canada shows holiday spending is on the rise, and younger Canadians are using credit to keep up. Dig into the reasons why Gen Z and millennials are racking up the debt, and learn strategies to keep your expenses under control. 

Gift-giving spending trends

The holidays can be expensive. In addition to gifts, people spend on travel, food and drinks, special events, and yearly charitable donations. Still, gift-giving remains a priority for Canadians of all ages. Even with rising costs, gift spending is up 10% from last year, averaging $661 in 2025.  

While Canadians share a desire to give holiday gifts, there are clear differences in how generations handle their budgets.

About 70% of people aged 55 and over plan to spend about the same on gifts as last year, using their regular income and savings. But the story is different for Gen Z and younger millennials. Of those between 18 and 34 years old, 58% expect to rely on their credit cards for gifts…

Savings comparison tool

Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.

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Best high-interest savings account rates in Canada

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 rate is a no-brainer…