The best bank accounts in Canada for 2025

Explore our top picks for the best offers on chequing accounts and savings accounts in Canada for 2025.

Chequing accounts

Explore the best chequing accounts in Canada for 2025.

Simplii Financial No fee Chequing Account

Earn $300 as a new customer, and an extra $50 with referral code "Financeer"

Monthly fee:

Transactions:

Interac e-transfer:

$0.00

Unlimited/$0.00

Unlimited/$0.00

Yes

Mobile app:

Online banking:

ABM network:

24/7 customer support:

Yes

Yes

Yes

Total monthly cost:

$0.00

Tangerine No fee Daily Chequing Account

Earn $250 as a new customer, and an extra $50 with referral code "Financeer"

Monthly fee:

Transactions:

Interac e-transfer:

$0.00

Unlimited/$0.00

Unlimited/$0.00

Yes

Mobile app:

Online banking:

ABM network:

24/7 customer support:

Yes

Yes

Yes

Total monthly cost:

$0.00

EQ Bank Personal Account

Earn $20 with referral code "Financeer"

Monthly fee:

Transactions:

Interac e-transfer:

$0.00

Unlimited/$0.00

Unlimited/$0.00

Yes

Mobile app:

Online banking:

Free ABM withdrawals:

Interest earning rate:

Yes

Yes

Up to 4%

Total monthly cost:

$0.00

Cash back rewards:

Unlimited 0.5%

Yes

No FX fee:

Wealthsimple Cash Account

Earn $25 with referral code "Financeer"

Monthly fee:

Transactions:

Interac e-transfer:

$0.00

Unlimited/$0.00

Unlimited/$0.00

Yes

Mobile app:

Online banking:

Free ABM withdrawals:

Interest earning rate:

Yes

Yes

Up to 3.5%

Total monthly cost:

$0.00

Cash back rewards:

Unlimited 1%

Yes

No FX fee:

PC Financial Money Account

Earn 150,000 PC Optimum points worth $150

Monthly fee:

Transactions:

Interac e-transfer:

$0.00

Unlimited/$0.00

Unlimited/$0.00

Yes

Mobile app:

Online banking:

ABM network:

Interest earning rate:

Yes

Yes

Up to 3.5%

Total monthly cost:

$0.00

Savings accounts

Explore the best savings accounts in Canada for 2025.

Tangerine Savings Account

Earn $250 as a new customer, and an extra $50 with referral code "Financeer"

Monthly fee:

Transactions:

Interest earning rate:

$0.00

Up to 4.5%

Unlimited/$0.00

Yes

Mobile app:

Online banking:

ABM network:

24/7 customer support:

Yes

Yes

Yes

Total yearly return:
(Based off a balance of $5000)

$225.00

EQ Bank Personal Account

Earn $20 with referral code "Financeer"

Monthly fee:

Transactions:

Interest earning rate:

$0.00

Up to 4%

Unlimited/$0.00

Yes

Mobile app:

Online banking:

Free ABM withdrawals:

Cash back rewards:

Yes

Yes

Unlimited 0.5%

Total yearly return:
(Based off a balance of $5000)

$200.00

No FX fee:

Yes

Simplii Financial High Interest Savings Account

Earn $300 as a new customer, and an extra $50 with referral code "Financeer"

Monthly fee:

Transactions:

Interest earning rate:

$0.00

Up to 3.9%

Unlimited/$0.00

Yes

Mobile app:

Online banking:

ABM network:

24/7 customer support:

Yes

Yes

Yes

Total yearly return:
(Based off a balance of $5000)

$195.00

Wealthsimple Cash Account

Earn $25 with referral code "Financeer"

Monthly fee:

Transactions:

Interest earning rate:

$0.00

Up to 3.5%

Unlimited/$0.00

Yes

Mobile app:

Online banking:

Free ABM withdrawals:

Cash back rewards:

Yes

Yes

Unlimited 1%

Total yearly return:
(Based off a balance of $5000)

$175.00

No FX fee:

Yes

EQ Bank 30-Day Notice Savings Account

Earn $20 with referral code "Financeer"

Monthly fee:

Transactions:

Interest earning rate:

$0.00

$0.00

3.05%

Yes

Mobile app:

Online banking:

Free ABM withdrawals:

Withdrawal notice:

Yes

Yes

30 days

Total yearly return:
(Based off a balance of $5000)

$152.50