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Canadian High Interest Savings Accounts

Posted on November 22, 2007

Loonie

For those of you who are Canucks like moi, you may be interested in knowing which banks offer high interest savings accounts.

Here is the list:

  • Achieva Financial Achieva Savings (second favorite)
  • Altamira High-Interest CashPerformer
  • AMEX Bank of Canada Amex Savings
  • Bank of Montreal Premium Rate Savings Account
  • Canadian Tire Financial Services High Interest Savings Account
  • Citizens Bank Investment Account
  • Citizens Bank Ultimate Savings Account
  • E*Trade Cash Optimizer Investment Account
  • HSBC High Rate Savings Account
  • ICICI Bank HiSAVE Savings Account (my favorite)
  • ING Direct Investment Savings Account
  • Manulife Bank Advantage Account
  • Outlook Financial High Interest Savings Account
  • President’s Choice Financial Interest First Savings Account
  • President’s Choice Financial Interest Plus Savings Account
  • Royal Bank High Interest eSavings Account
  • Scotiabank Money Master

Interest rates as of July-August 2007:

ICICI 4.50%
E*Trade 4.15%
Achieva 4.10%
Outlook 4.10%
Altamira 4.00%
Manulife 4.00%
President’s Choice Interest Plus 4.00%*
Canadian Tire 3.8%
Royal Bank 3.75%
Citizens Ultimate 3.55%
HSBC 3.50%
ING Direct 3.50%
Scotiabank 3.25%
President’s Choice Interest First 3.05%
BMO 2.60%
Citizens Investment 2.40%
Amex 2.40%

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