Savings account rates in Canada: the big 6 banks and credit unions by province
Quick summary
Quick answer: at the big 6 banks, the highest regular rates we read were 0.650% (RBC and National Bank) and up to 0.75% (TD Growth Savings, by balance). TD Growth Savings can reach 1.50% if you meet its conditions. Some credit unions list more. Steinbach Credit Union in Manitoba showed 2.25% to 2.50% on its High Interest Savings. New-customer promotions are higher still, but they end after a few months. Every rate was read on the institution's own page on November 3, 2026. We refresh this table on the 1st of every month. Not sure where to keep your money? Read TFSA vs RRSP.
Checked November 3, 2026. Main source: RBC: compare savings accounts. See all 19 sources.
Big 6 bank savings rates
These are the rates each bank printed on its own page. Promotional rates are listed separately because they end.
| Bank | Account | Rate as shown | Promo or condition | Source |
|---|---|---|---|---|
| RBC | High Interest eSavings | 0.650% | None shown | RBC page |
| TD | ePremium Savings | 0.550% on $10,000 and over (0.000% under $10,000) | None shown | TD page |
| TD | Growth Savings | 0.00% to 0.75% standard, 0.50% to 1.50% boosted | Boosted rate needs $5,000 or more, a TD chequing account and two of three monthly transactions | TD page |
| TD | Every Day Savings | 0.010% | None shown | TD page |
| BMO | Savings Amplifier | 0.450% on all balances | None shown | BMO page |
| BMO | Savings Builder | 0.050%, or 0.500% up to $250,000 when you add $200 or more a month | Needs a monthly balance increase of $200 or more | BMO page |
| BMO | Premium Rate Savings | 0.010% | None shown | BMO page |
| Scotiabank | MomentumPLUS Savings | 0.40% regular, plus 0.05% to 0.30% premium interest if you make no withdrawal for 90 to 360 days | 4.05% for the first 3 months on a first account. The page also advertises short-term promotional rates up to 4.75%. | Scotiabank page |
| CIBC | eAdvantage Savings | 0.30% up to $99,999.99, 0.60% from $100,000, plus 0.05% Smart Interest on up to $200,000 | New-account rate of 5.00% for 3 months on a first eAdvantage account opened from November 2, 2026. Smart Interest needs $200 or more saved in a month | CIBC page |
| National Bank | High Interest Savings | 0.650% | None shown | National Bank page |
Sources: the bank pages linked in the table, each read on November 3, 2026. A promotional rate is not the rate you keep. Check the end date before you move money.
British Columbia: Vancity
Vancity is a large credit union in BC. Its page lists most rates as of February 6, 2026 and the registered Jumpstart rates as of October 26, 2026. The page does not explain the two dates.
| Account | Rate as shown | Source |
|---|---|---|
| Jumpstart High Interest Savings | 0.60% | Vancity page |
| TFSA Jumpstart High Interest Savings | 0.70% | Vancity page |
| FHSA Jumpstart High Interest Savings | 3.00% | Vancity page |
| RRSP, RRIF and RESP Jumpstart | 0.70% | Vancity page |
| Tiered Savings, under $25,000 (base plus bonus) | 1.50% (0.50% base, 1.00% bonus for three eligible transactions) | Vancity page |
| Tiered Savings, $100,000 to $249,999.99 | 1.90% (0.90% base, 1.00% bonus) | Vancity page |
Source: Vancity account rates, read November 3, 2026. Other BC credit unions were not read for this update.
Alberta: ATB Financial
ATB is Alberta's provincial financial institution. The page shows no effective date for its rates, so treat the date we read it as the only date.
| Account | Rate as shown | Promo or condition | Source |
|---|---|---|---|
| Springboard Savings | 0.20% base under $5,000, 0.50% base from $5,000, 0.60% base from $250,000 | A 4.00% bonus on net new funds up to $1,000,000, for deposits from October 5 to December 31, 2026 | ATB page |
| Climber Savings | 0.30% base, 0.00% to 0.60% premium rates by days without a withdrawal | Welcome bonus up to 4.50% for 90 days, offer from October 5 to December 1, 2026 | ATB page |
| US Dollar Savings | 0.25% on all tiers | None shown | ATB page |
Source: ATB savings accounts page, read November 3, 2026.
Alberta: Servus Credit Union
Servus lists its daily banking rates as effective February 26, 2026 and its TFSA rates as effective October 15, 2026.
| Account | Rate as shown | Source |
|---|---|---|
| Personal Premium Savings, under $5,000 | 0.15% | Servus page |
| Personal Premium Savings, $5,000 to $99,999.99 | 0.55% | Servus page |
| Personal Premium Savings, $100,000 and over | 0.75% | Servus page |
| Personal Savings | 0.01% | Servus page |
| Tax Free Premium Savings (TFSA), all balances | 0.35% | Servus page |
Source: Servus rates page, read November 3, 2026.
Saskatchewan: Conexus Credit Union
The Conexus savings page shows tiered rates and no effective date.
| Balance | Rate as shown | Source |
|---|---|---|
| $0 to $5,000 | 0.30% | Conexus page |
| $5,000.01 to $25,000 | 0.35% | Conexus page |
| $25,000.01 to $60,000 | 0.40% | Conexus page |
| $60,000.01 to $100,000 | 0.45% | Conexus page |
| Over $100,000 | 0.55% | Conexus page |
Source: Conexus Credit Union savings page, read November 3, 2026. Conexus says deposits are protected by the Credit Union Deposit Guarantee Corporation.
Manitoba: Steinbach Credit Union and Assiniboine Credit Union
Steinbach says its rates are current as of November 3, 2026. Assiniboine (ACU) says its savings rates were last updated October 30, 2026.
| Credit union | Account | Rate as shown | Source |
|---|---|---|---|
| Steinbach | High Interest Savings, under $100,000 | 2.25% | Steinbach page |
| Steinbach | High Interest Savings, $100,000 to $249,999 | 2.35% | Steinbach page |
| Steinbach | High Interest Savings, $250,000 and over | 2.50% | Steinbach page |
| Steinbach | SaveWise | 4.25% on the first $2,000, 2.25% on the rest | Steinbach page |
| Steinbach | Daily Growth Savings | 1.75% | Steinbach page |
| Steinbach | Monthly Savings | 1.45% | Steinbach page |
| Assiniboine | High Rate Savings, under $100,000 | 1.85% | ACU page |
| Assiniboine | High Rate Savings, $100,000 to $249,000 | 1.95% | ACU page |
| Assiniboine | High Rate Savings, $250,000 and over | 2.05% | ACU page |
| Assiniboine | Variable savings for TFSA, FHSA, RRSP and RRIF | 2.00% | ACU page |
| Assiniboine | Everyday Savings | 0.05% | ACU page |
Sources: Steinbach Credit Union rates and Assiniboine Credit Union rates, read November 3, 2026. Assiniboine says deposits are guaranteed by the Deposit Guarantee Corporation of Manitoba. The SaveWise page note may have conditions, so read the footnote on Steinbach's page.
Ontario: Meridian Credit Union
Meridian's page shows no effective date.
| Account | Rate as shown | Promo or condition | Source |
|---|---|---|---|
| High Interest Savings Account | 0.85% | 4.40% for 6 months on a promotional offer. Read the offer terms on the page | Meridian page |
| Youth Savings Account | 0.05% | None shown | Meridian page |
Source: Meridian savings accounts page, read November 3, 2026.
Quebec: Desjardins
Desjardins shows its rates page as "Rates in effect on November 3, 2026". The savings page itself shows no date.
| Account | Rate as shown | Source |
|---|---|---|
| Non-registered savings account | 0.65% | Desjardins page |
| TFSA savings account | 0.45% | Desjardins page |
| FHSA savings account | 2.00% | Desjardins page |
| RRSP savings account | 0.65% | Desjardins page |
Sources: Desjardins savings accounts page and Desjardins rates page (https://www.desjardins.com/en/rates.html), read November 3, 2026. You need a Desjardins everyday account first, per the page.
Newfoundland and Labrador Credit Union
The Newfoundland and Labrador Credit Union prints its rates on one page. The page shows numbers without a percent sign and shows no date, so we read them as percents and our read date is November 3, 2026. It says rates are subject to change.
| Account or term | Rate | Source |
|---|---|---|
| Online Savings | 0.700% | NLCU rates |
| Monthly Savings Plan | 0.700% | NLCU rates |
| Plan 24 / Daily Interest Savings | 0.125% | NLCU rates |
| Fat Cat / Head Start | 0.050% | NLCU rates |
| Advantage savings, $0 to $25,000 | 0.125% | NLCU rates |
| Advantage savings, $25,001 to $60,000 | 0.300% | NLCU rates |
| Advantage savings, $60,001 to $100,000 | 0.400% | NLCU rates |
| Advantage savings, over $100,000 | 0.500% | NLCU rates |
| GIC 1 year | 2.700% | NLCU rates |
| GIC 3 years | 2.850% | NLCU rates |
| GIC 5 years | 3.100% | NLCU rates |
| GIC 7 years | 3.200% | NLCU rates |
The page also lists short term deposits from 7 days (0.750%) to 364 days (2.350%), and GICs for 2 and 4 years. See the NLCU rates page for every term.
Atlantic Canada, the territories and other credit unions
In Nova Scotia, Coastal Financial Credit Union's savings page lists Coastal TrueSave, YOUR Savings and Youth/Student Savings but shows no interest rates on the page we read. Check its rates page or call 902-742-7322 for the current numbers.
We read two more Atlantic pages on November 3. Provincial Credit Union (PEI) prints only "Rate Dividends" on Share and "High Interest" on Peak, with no percentages. Progressive Credit Union (NB) lists Plan 24, Bond Beaters and Voting Shares with no rates. Because neither prints a number, we cannot list them in the table.
We did not find a credit union rate page for Yukon, the Northwest Territories or Nunavut. The big 6 banks above operate in the territories too, so use their pages for those rates.
As we confirm each credit union's own rate page, it is added to this table.
How to read a savings rate
- Base rate is what you earn with no conditions. A boosted or bonus rate needs something from you, like a chequing account or monthly transactions.
- A promotional rate usually lasts a few months and applies to new accounts or new money only. After it ends you earn the base rate.
- A tiered rate changes with your balance. Look at the tier your balance falls in, not the top tier.
- A premium-period rate, like Scotiabank's and ATB's Climber, is lost for that period if you withdraw. Do not use that account for money you may need soon.
- Interest on a regular savings account is taxable. In a TFSA it is not. See the limits page before you choose.
When this table is updated
All rate tables on this site are refreshed on the 1st of every month. The last refresh was November 3, 2026. If a bank changes a rate in between, the bank's own page is always right and ours may be a few weeks behind.
Questions people ask
What is the highest savings rate at the big 6 banks?
On the pages we read, the highest ongoing rate was TD Growth Savings at up to 1.50% boosted on $500,000 or more. For smaller balances the ongoing rates were 0.650% at RBC and National Bank and 0.30% at CIBC. Promotional rates are higher but end, such as CIBC's 5.00% for 3 months on a new account and Scotiabank's 4.05% for 3 months.
Where do the rates come from?
Each rate was read on the bank or credit union's own page on November 3, 2026. Where a page showed no date we say so. We never copy a rate from a comparison site.
Do credit unions pay more than banks?
Some do. On the pages we read, Steinbach Credit Union's High Interest Savings showed 2.25% and Assiniboine's High Rate Savings showed 1.85%, compared with 0.650% at RBC and National Bank. Other credit unions, like Conexus and Servus, showed rates in the same range as the banks. Compare your own province.
How often are rates updated here?
On the 1st of every month. The date we read each page is shown on the page.
Is the interest I earn taxable?
Interest in a regular savings account is taxable income. Interest inside a TFSA is not taxed. Read the TFSA limits page for your room.
What does a promotional rate mean?
It is a higher rate that lasts only a few months, usually on a new account or new money. When it ends you earn the base rate, so check the end date.
Is my money insured?
Banks are generally covered by CDIC, and credit unions by their provincial deposit insurer, up to a set limit. Confirm the limit with your institution.