Best savings accounts in Canada for 2025
A savings account can be utilized as a safe place to store your emergency funds, down payments, and other future savings goals while earning you more interest than a standard chequing account.
Explore our tops picks for the best savings account in Canada.
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
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
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
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