Best Savings Accounts in Canada 2026

Maximize your savings with the EQ Bank Notice Savings Account.

Enjoy an interest rate of up to 2.75% with no monthly fees or minimum balance required.

Plan your withdrawals with 10 or 30 days’ notice and benefit from interest calculated daily.

Transfers are free and unlimited.

Optimize your savings with the EQ Bank TFSA Savings Account. Enjoy a 1.50% interest rate tax-free, with no monthly fees.

Benefit from free, flexible withdrawals and easy recurring contributions from your current account.

All deposits are protected by SADC up to $100,000.

Neo is a digital alternative to the big Canadian banks. It offers no-fee credit cards and a high-interest savings account.

The Neo Savings account offers an interest rate of up to 2.75% on the entire balance, with no monthly fees. The rate no longer depends on your balance: it depends on the Neo membership you hold. To open an account, you must be over 13 years old (14 years old in Quebec).

The main features of the account are as follows:

• No monthly fees or transaction fees
• No minimum balance required
• E-transfers and bill payments available
• Interest rates (based on your Neo membership):
  • Essentials membership (free): 2.00%
  • Build membership: 2.50%
  • Grow membership: 2.75%

Take advantage of Tangerine Tax-Free Savings Account (TFSA) and save tax-free on accumulated interest or withdrawals.

With no monthly fees, access your money anytime and easily manage your account online or via the mobile app.

Contribute up to $7,000 a year and reach your financial goals faster.

Until November 30, 2026, you can earn a special interest rate of 4.50% for 5 months^† by opening a Tangerine Savings Account!

Here are the main features of the Tangerine savings account:

• No service charges or other fees
• No minimum balance required
• Competitive interest rates
• Interest calculated daily and paid monthly
• Manage your savings via the Tangerine mobile app

The promotional rate applies to new deposits, up to a maximum of $1,000,000.

Regular interest rate of 0.30% with no minimum balance.