HISA rate update
WealthONE Takes the Top Regular Savings Rate at 3.00%
- WealthONE pays 3.00% on a $10,000 balance, the highest regular rate we track, ahead of Saven at 2.85% and Oaken at 2.80%. It pays 2.85% below $10,000 and 3.25% from $25,000, and 3.25% in its RRSP and TFSA savings accounts. We started tracking it this week; its rates are dated October 29.
- More banks raised savings rates after the Bank of Canada hike: Manulife’s Advantage Account 1.50% → 1.65%, TD ePremium 0.45% → 0.55% (balances of $10,000 or more), National Bank 0.55% → 0.65% and Innovation Credit Union 0.60% → 0.70%.
- The best Big Six regular rate is now 0.65%, shared by RBC and National Bank.
- CIBC raised its new-account offer from 4.60% to 5.00% for 3 months, for first eAdvantage accounts opened from November 2. Over a full year that works out to about 1.46%. Manulife’s 3.00% two-year offer is no longer on its rates page.
- Also newly tracked: Haventree Bank’s Everyday Growth Account pays 2.50% (a chequing and savings hybrid), Outlook Financial 2.20%, Coast Capital 0.30%, and Neo Financial 2.25% to 3% depending on a paid membership. Neo is not a bank, so it is listed for reference and not ranked.
Savings promotions: what they pay over a year
| Bank | Promo rate | For | Then | Full year | Conditions |
|---|---|---|---|---|---|
| TangerineNew Client Savings Offer (registered) | 5.00% | 5 months | 0.30% | 2.27% | new clients with a Client Number created Jul 28 – Nov 30, 2026; open within 60 days; max $1,000,000 per account type |
| TangerineNew Client Savings Offer (non-registered) | 4.50% | 5 months | 0.30% | 2.06% | new clients with a Client Number created Jul 28 – Nov 30, 2026; open within 60 days; max $1,000,000 per account type |
| BMOSavings Amplifier Account (promotional) | 5.00% | 4 months | 0.45% | 1.95% | open together with a new eligible BMO chequing account; Canadian residents; balances up to $1,000,000; the page still shows the offer on Nov 2 but the end date of the current offer was not confirmed |
| CIBCCIBC eAdvantage Savings Account (new account special) | 5.00% | 3 months | 0.30% | 1.46% | first CIBC eAdvantage Savings Account; limits apply |
Full year = the promotional rate for the promotional period, then the regular rate for the rest of 12 months.
Top HISA rates this week
| # | Bank and account | Rate |
|---|---|---|
| 1 | WealthONEHigh Interest Savings Account · CDIC | 3.00% |
| 2 | Saven FinancialHISA · Ontario credit union (FSRA) | 2.85% |
| 3 | Oaken FinancialSavings Account · CDIC | 2.80% |
| 4 | Hubert FinancialHigh Interest Savings · Manitoba credit union (DGCM) | 2.50% |
| 4 | Haventree BankEveryday Growth Account (chequing/savings hybrid) · CDIC | 2.50% |
| 6 | Outlook FinancialHigh Interest Savings Account · Manitoba credit union (DGCM) | 2.20% |
| 7 | AchievaDaily Interest Savings Account · Manitoba credit union (DGCM) | 2.05% |
| 8 | Manulife BankAdvantage Account · CDIC | 1.65% |
| 9 | EQ BankPersonal Account (base rate) · CDIC | 1.50% |
| 10 | Peoples Truste-savings · CDIC | 1.20% |
| 10 | Peoples Banke-savings · CDIC | 1.20% |
| 12 | Alterna BankHigh Interest eSavings Account · CDIC | 1.05% |
| 13 | Innovation Credit UnionSavings Account · CDIC | 0.70% |
| 14 | RBCHigh Interest eSavings · CDIC | 0.65% |
| 14 | National BankHigh Interest Savings Account · CDIC | 0.65% |
| 16 | TDePremium Savings Account · CDIC | 0.55% |
| 17 | BMOSavings Amplifier Account · CDIC | 0.45% |
| 18 | Conexus Credit UnionSavings · Saskatchewan credit union | 0.35% |
| 19 | TangerineSavings Account · CDIC | 0.30% |
| 19 | SimpliiHigh Interest Savings Account · CDIC | 0.30% |
| 19 | CIBCeAdvantage Savings Account · CDIC | 0.30% |
| 19 | Coast CapitalThe High-Interest Savings Account · CDIC | 0.30% |
Regular rates a new customer gets with no conditions, at a $10,000 balance, non-registered, Canadian dollars. HISA rates are variable and can change at any time.
Higher rates with conditions
| Bank and account | Rate | Condition |
|---|---|---|
| TDTD Growth Savings Account (boosted) | 1.00% | eligible TD chequing (Unlimited / All-Inclusive / Private) + 2 of 3 monthly transactions (direct deposit, online bill payment, pre-authorized debit) |
| EQ BankPersonal Account (bonus with direct deposit) | 2.75% | recurring direct deposits of at least $2,000/month |
| EQ Bank30 Day Notice Savings Account | 2.75% | 30 days notice to withdraw |
| EQ Bank10 Day Notice Savings Account | 2.35% | 10 days notice to withdraw |
| ScotiabankScotia High Interest Savings Account | 1.50% to 2.20% | rate set by Total Relationship Balance across Scotiabank accounts, not the HISA balance alone |
| WealthsimpleWealthsimple Chequing (Generation clients) | 2.25% | rate depends on client tier (Generation 2.25%, Premium 1.75%) |
| Neo FinancialNeo Savings (Grow membership) | 3.00% | paid membership (fees $0 to $14.99/month; Start 2.5%, Build 2.75%, Grow 3%) |
What changed
Compared with our October 29 check: Manulife raised its Advantage Account from 1.50% to 1.65% and its Tax-Free Advantage Account from 1.05% to 1.10%; TD raised ePremium Savings from 0.45% to 0.55% and the standard Growth Savings rate from 0.40% to 0.50%; National Bank raised its High Interest Savings Account from 0.55% to 0.65%; Innovation Credit Union raised its Savings Account from 0.60% to 0.70%; and CIBC raised its eAdvantage new-account special from 4.60% to 5.00%. Manulife’s personal 3.00% promotion, open to new accounts until October 30, is no longer shown. Saven, Oaken, Hubert, Achieva, EQ Bank, Tangerine, Simplii, RBC and Scotiabank did not change.
Our take
On $10,000 kept for a year, WealthONE’s 3.00% pays about $300, Saven’s 2.85% about $285, Manulife’s new 1.65% about $165 and the best Big Six rate, 0.65%, about $65. WealthONE’s account terms say the tier rate applies to the whole closing balance, so a balance of $25,000 or more earns 3.25% on every dollar.
The big promotional numbers still lose over a year. Tangerine’s 5.00% for five months works out to about 2.27% in a registered account, BMO’s 5.00% for four months to about 1.95%, and CIBC’s new 5.00% for three months to about 1.46%. All three are below the regular rates at WealthONE, Saven and Oaken. WealthONE is a CDIC member and is not offered in Quebec.
How we checked
On November 2, 2026 we read the savings account rate pages of 25 Canadian banks, credit unions and online savings providers. How we check these rates →
Keep comparing
The best high-interest savings accounts in Canada page always shows the ranking from our latest check. If you will not need the money for a year or more, compare the best GIC rates in Canada or read our GIC vs HISA guide.
