Benefits of a Tax-Free Savings Account (TFSA)
Ever since the introduction of Tax-Free Savings Account by the Canadian government, the industry ...
Compare & Find the Right Savings Account.
The Best Savings Accounts in Canada
We have compiled an extensive list of the top savings accounts in Canada. Below you can sort savings account based on your saving style financial institution and a lot more!
Savings Account Canada is simply a deposit account issued by a financial institution which pays you interest on deposits, also called the principal. The accounts usually include a limited number of transactions and may also feature high transaction charges than the chequing accounts. Some accounts by certain banks may require minimum deposits for you to set up a savings account with them.
Best for Earning High-Interest
Specification: Tangerine Savings Account
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High Interest & Flexible Terms
Specification: EQ Bank Savings Plus Account
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Best Tax-Free Savings Account
Specification: Tangerine Tax-Free Savings Account
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Best Children Savings Account
Specification: Scotiabank Youth Savings Account
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Save Money For a Wedding Using a TFSA
Can you save money for your wedding using a TFSA?
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What Investments Can I Hold in a TFSA?
In Canada, you can hold several different types of investments in your tax-free savings account ...
EQ Bank Savings Plus Account Review
Equitable Bank has been in business for over four decades. With its credibility, it has leverage as ...
Best High-Interest Savings Account in Canada
It may be a lot of fun to see a large balance in your chequing or “savings” account when you check ...
Best Tax-Free Savings Accounts in Canada
Saving money has been so much easier over the years. Are you looking for a secure account where you ...
Best Savings Account Special Offers in Canada
A wise shopper always compares different options before making a final decision. Even if it’s ...
Savings Accounts – What You Need To Know
Learn everything you need to know about savings accounts.
What is special about savings ...
Compare Savings Accounts
A savings account can be opened from banks, credit unions, and trust companies. When choosing a financial institution to open the account with, it’s prudent to first shop around and make comparisons on their interest rates, interest calculation approach, service fees, access, taxes, and protection.
Best High-Interest Savings Account Canada
Interest rates offered by different institutions vary with some having a great marginal difference. For instance, the highest interest rate on a savings account is 2.5% offered by President’s Choice Financial while the lowest is 0.02% offering from National Bank of Canada. Some offerings by certain institutions are good but last only for a while.
DUCA Financial Services, for instance, offers 2.55% at the start, but after 90 days the rate is slashed to 1.5%. This is still much better compared to the rates from institutions such as National Bank of Canada. It’s important to note that these figures are also subject to change from time to time.