Best Savings Accounts in Canada 2026

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EQ Bank Notice Savings Account

EQ Bank

Monthly fee: $0
Account highlights: Up to 2.75% interest

Monthly fee: $0
E-statement: Not included

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.

Account highlights

Up to 2.75% interest

Account details & conditions

This account is available in Quebec, subject to EQ Bank’s eligibility requirements.

Give notice of your withdrawals, get a better rate:
- 10-day notice: 2.35%
- 30-day notice: 2.75%
No monthly fees or minimum balance requirements.
CDIC eligibility for all deposits.

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EQ Bank TFSA Savings Account

EQ Bank

Monthly fee: $0
Account highlights: 1.50% interest

Monthly fee: $0
E-statement: Not included

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.

Account highlights

1.50% interest

Account details & conditions

Get 1.50% tax-free interest
Open a TFSA online. No documents or phone calls required.
Free of charge. Free, flexible withdrawals.
Easy setup of recurring contributions from your current account or an external account.
All deposits are eligible for CDIC protection.

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Neo Savings Account

Neo Financial

Monthly fee: $0
Regular interest: 2%; Annual rate with the free Essentials membership. Build: 2.50% ($0–9.99/month); Grow: 2.75% ($14.99/month). The rate depends on membership, not a balance tier.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Account highlights: 2.00% interest (up to 2.75% with a paid Neo membership: Build $0–9.99/month, Grow $14.99/month)

Monthly fee: $0
E-statement: Not included

Regular interest: 2%Annual rate with the free Essentials membership. Build: 2.50% ($0–9.99/month); Grow: 2.75% ($14.99/month). The rate depends on membership, not a balance tier.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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 account fee (the Build and Grow memberships cost up to $9.99 and $14.99 per month). 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 ($0 to $9.99/month): 2.50%
- Grow membership ($14.99/month): 2.75%

Account highlights

2.00% interest (up to 2.75% with a paid Neo membership: Build $0–9.99/month, Grow $14.99/month)

Account details & conditions

Up to 2.75% interest

Your rate depends on the Neo membership you hold: 2.00% with the free Essentials membership, 2.50% with the Build membership ($0 to $9.99/month) and 2.75% with the Grow membership ($14.99/month). The rate applies to every dollar, with no minimum balance; the account itself has no monthly fee, but the Build and Grow memberships cost up to $9.99 and $14.99 per month.

Savings planning and reaching savings goals

Open up to 10 accounts for all your savings goals, customize account names and icons, and move funds between accounts instantly.

Progress monitoring

Track multiple savings goals at once in the Neo app and watch your savings grow over time.

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Tangerine Tax-Free Savings Account

Tangerine

Monthly fee: $0
Promotional interest: 5%; 153 days; New clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum $1,000,000 per registered account type, subject to tax contribution limits.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Account highlights: 5% for 153 days, eligible new clients only; client number created by November 30, 2026.

Monthly fee: $0
E-statement: Not included

Regular interest: 0.3%Regular annual rate.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Promotional interest: 5% · 153 daysNew clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum $1,000,000 per registered account type, subject to tax contribution limits.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

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.

0.3%. Regular annual rate. Total promotional annual rate: 5%. New clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum $1,000,000 per registered account type, subject to tax contribution limits.

Account highlights

5% for 153 days, eligible new clients only; client number created by November 30, 2026.

Account details & conditions

No tax on accumulated interest or withdrawals
No monthly fees
Access to your money at all times
Annual contribution limit of $7,000
No penalties for early withdrawals
Easy management online and via mobile application

0.3%. Regular annual rate. Total promotional annual rate: 5%. New clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum $1,000,000 per registered account type, subject to tax contribution limits.

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Tangerine Savings Account

Tangerine

Monthly fee: $0
Promotional interest: 4.5%; 153 days; New clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum C$1,000,000 across non-registered Canadian-dollar accounts.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Account highlights: 4.5% for 153 days, eligible new clients only; client number created by November 30, 2026.; Ends Nov 30, 2026

Monthly fee: $0
E-statement: Not included

Regular interest: 0.3%Regular annual rate.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source
Promotional interest: 4.5% · 153 daysNew clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum C$1,000,000 across non-registered Canadian-dollar accounts.Rate as of October 26, 2026 · Checked October 26, 2026 · Institution source

0.3%. Regular annual rate. Total promotional annual rate: 4.5%. New clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum C$1,000,000 across non-registered Canadian-dollar accounts.

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.

Account highlights

4.5% for 153 days, eligible new clients only; client number created by November 30, 2026.

Ends Nov 30, 2026

Account details & conditions

0.3%. Regular annual rate. Total promotional annual rate: 4.5%. New clients only: client number created July 28–November 30, 2026; open an eligible account as primary holder within 60 days. Total annual rate for 153 days from the first eligible registered or non-registered account; subsequent accounts share the remaining period. Maximum C$1,000,000 across non-registered Canadian-dollar accounts.

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