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What is the highest interest rate for a savings account in Canada?
EQ Bank Savings Plus Account (1.25%) Its high-interest savings account (HISA) is known as the “EQ Bank Savings Plus Account” and currently offers one of the highest non-promotional savings rates in Canada at 1.25%.
Which bank pays the highest interest rate in Canada?
Motive Financial, the online banking division of Canadian Western Bank, offers the highest regular interest rate on this list. As such, your eligible deposits are held at Canadian Western Bank, and protected by the Canada Deposit Insurance Corporation (CDIC; see details below).
Are there any high interest savings accounts in Canada?
And even though the majority of other Canadian banks and credit unions have created high interest savings accounts ( some which have higher interest rates), ING Direct remains a strong player. So it has been doing something right all along.
Is there an ING Direct bank in Canada?
Tangerine, is a Canadian direct bank and a subsidiary of Scotiabank. It was formerly ING Bank of Canada . It is a member of the Canada Deposit Insurance Corporation and like other banks is regulated by the Office of the Superintendent of Financial Institutions (OSFI) a Canadian federal agency that s… read more
I’ve always thought that ING Direct Canada’s business approach is smart, from its branding to its overall marketing to how it treats its customers. Over the years, it has projected a rather straightforward message about no hidden fees and good rates. This is complemented by an uncluttered website and a smart referral program.
Is there a fee to open a savings account in Canada?
But its accounts are open to all Canadians, and it offers an impressive interest rate on savings. There’s no fee, but account holders can expect to pay service charges for many transactions. Interest Rate: 1.00% Interac e-Transfer fee: $2 per transfer domestically; $5 per transfer internationally