Comments on: The Best High-Interest Savings Accounts in Canada https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/ Personal Finance and Budget Travel for Canadians Wed, 01 Feb 2023 11:29:31 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Wendy https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-217009 Fri, 21 Oct 2022 02:03:16 +0000 https://www.moneywehave.com/?p=147112#comment-217009 I have Simplii’S High Interest Savings acct and received a notice from the today that the interest rate for all tiers is 0.40%

Hardly “High Interest”. I think they need to rename the account to “Low interest Savings Account”

]]> By: Barry Choi https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-216654 Thu, 11 Aug 2022 20:21:18 +0000 https://www.moneywehave.com/?p=147112#comment-216654 In reply to Khushveena Singh.

Khushveena,

They’re a reliable Canadian challenger bank. No catch.

]]> By: Khushveena Singh https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-216653 Thu, 11 Aug 2022 19:48:37 +0000 https://www.moneywehave.com/?p=147112#comment-216653 Hi Barry,

There is also Neo Financial, the online bank that started in 2019. Their Savings account offers a 1.80% interest rate for their savings account. Do you think there is a catch here?

]]> By: FPC https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-215427 Sat, 29 Jan 2022 02:13:15 +0000 https://www.moneywehave.com/?p=147112#comment-215427 EQ bank is by far the most consistent for now. Make use of it. Let’s wait till it gets bought up by another Big5, for it’s rates to drop like what Tangerine and Simplii is offering.

]]> By: Barry Choi https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-215414 Thu, 27 Jan 2022 11:50:02 +0000 https://www.moneywehave.com/?p=147112#comment-215414 In reply to Peter Wilson.

Hey Peter,

Thanks for catching that. I’ve updated the article.

]]> By: Peter Wilson https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-215407 Wed, 26 Jan 2022 23:09:36 +0000 https://www.moneywehave.com/?p=147112#comment-215407 Motive only offers 1.25 for its RRSP savings account, not TFSA or Savvy Savings.

]]> By: Jerry Mandel https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-214902 Fri, 08 Oct 2021 16:49:41 +0000 https://www.moneywehave.com/?p=147112#comment-214902 EQ bank has a USD account at 1%. For a US citizen, having an account in Canadian dollars
involves currency fluctuations and conversion fees for deposits and withdrawells. Which other
Canada banks have USD accounts?

]]> By: Barry Choi https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-211689 Thu, 24 Sep 2020 16:25:30 +0000 https://www.moneywehave.com/?p=147112#comment-211689 In reply to Ashley.

Ashley,

I personally use EQ bank mainly for savings. All my daily banking is still done via TD, but I transfer any funds I don’t need to EQ to capitalize on the higher interest rate.

]]> By: Ashley https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-211686 Thu, 24 Sep 2020 16:02:55 +0000 https://www.moneywehave.com/?p=147112#comment-211686 In reply to Barry.Choi.

Hey Barry!

I am just curious you mention you bank with TD (I used to bank with them but switched over to CIBC because I thought they had better rates then TD, which I retreat a little I think I prefer TD more but I’ll give CIBC a fair chance for another couple months), how do you do your everyday banking with EQ? Is it not just for HISA? Any tips on how to utilize your accounts smarter and effectively? I am new to organizing my finance so any tips and tricks to help would be SO appreciative!

]]> By: Barry.Choi https://www.moneywehave.com/the-best-high-interest-savings-accounts-in-canada/#comment-210464 Thu, 06 Aug 2020 19:35:51 +0000 https://www.moneywehave.com/?p=147112#comment-210464 In reply to Arliene Hutzel.

Arliene,

The two I suggested are the ones that offer a debit card and have good ATM access. I personally use EQ bank which I have connected to my TD account. I use a free account with TD so I have access to their ATMs, but most of my banking is done with EQ Bank.

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