Top 10 banks with the highest promotional interest rates in Canada

Show me the money and where it grows!

Looking for where to save your money to get the best promotional interest rate in the short-term? Check out these 10 banks currently offering the highest saving interest rate in Canada.

1. HSBC Canadian Dollar High Rate Savings Account

Featured: 6.35%

1.35% after January 12, 2024

2. DUCA Credit Union Earn More Savings Promotion Account

Featured: 6.25%

1.00% after January 31, 2024

3. Simplii Financial ™ High Interest Savings Account

Featured: 6.00%

0.40% after 150 days

4. Tangerine Promotional savings account

Featured: 5.85%

For a specified period of time

5.  Scotiabank Momentum PLUS Savings Account (360-premium)

Featured: 5.40%

1.40% after 150 days

6. CIBC eAdvantage Savings Account

Featured: 4.55%

1.15% after 122 days

7. Motive® Savvy Savings™ Account

4.10%

8. Wealthsimple Cash

Featured: 4.00%

9. Oaken Financial Savings Account

3.40%

10. EQ Bank Savings Plus Account

3.00%

What else you need to know (the small print)

■ The high promotional Interest rate  is usually only for a limited period of time

■ Some of the banks may require a minimum balance

■ Only new customers may be eligible in some cases