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The best high-interest savings accounts in Canada for 2025
– moneysense.ca
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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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
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…
“It’s a personal financial assistant,” said Martin Dasko, a content creator focused on personal finance.
One way Dasko uses AI is to set up savings plans for upcoming vacations by giving ChatGPT a prompt about his savings target and asking for a plan on how to achieve that amount within a specific timeline.
“It’ll give you a monthly plan to follow,” he said. “It’s all in one spot … You can get a table, a chart and it’s easier than ever.”
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AI chatbots can help with budgeting, financial goals
In the age of do-it-yourself investing and robo-advisors, AI chatbots have become another go-to for many young Canadians to set up budgets and map out financial goals…


