Top High‑Interest Savings Accounts in 2025

1. Scotiabank MomentumPLUS Savings Account

• Promotional Rate: Up to 4.90% for a limited period

• Standard Banking Perks: No monthly fees, tiered structure

  
  

2. CIBC eAdvantage® Savings Account

• Rate: Up to 4.90% in tiered promotional structure

• Fees: None

  
  

3. RBC High Interest eSavings Account

• Ongoing Promo: 4.70% for 3 months for new accounts (expires July 30, 2025)

• Highlights: No monthly fee, instantly trusted from a big bank

  
  

4. BMO Savings Amplifier Account

• Promo Offer: Up to 4.75% + $150 + $50 Walmart gift card bonus

  
  

5. Tangerine Savings Account

• Rate: Up to 4.50%, with cash-back benefits included

  
  

6. EQ Bank Notice Savings Account

• Rates: Up to 5.00% if you give 30-day withdrawal notice (4.5% for 10-day notice) 

• Works Best If: You can plan withdrawals—otherwise funds are fully accessible after a short notice delay

  
  

7. Simplii Financial High Interest Savings Account

• Promo: 3.70% for seven months, no monthly fee

  
  

8. Laurentian Bank High‑Interest Savings Account (LBC Digital)

• Rate: Around 2.20% regular (no promo)

• Perks: No fees, fully digital, available Canada‑wide via LBCDigital.ca

  
  

Honorable Mentions

• KOHO High Interest Savings: About 4.00%, plus some cashback perks 

• Saven Financial: Offers roughly 2.80%, solid all-around play 

• Neo Financial: Comes in at ~2.50%, no fees, easy to use 

How We Picked These

1. Interest Rate: Rate consistency & promo offers

2. Fees: Preferably zero monthly fees

3. Access: Ease of transfers, interac e‑Transfers, no hidden costs

4. Insurance: CDIC (or equivalent) coverage

5. Digital Experience: Online/mobile access, customer ratings

How to Choose What Suits You

Goal	Best Pick	Why
Max return, flexible withdrawals	EQ Bank Notice Savings	Earn highest rates if you can manage notice periods
Bonus offers + solid rate	BMO, RBC, Tangerine	Great mix of upfront rewards and competitive APY
Simplicity + steady growth	Simplii, Scotiabank	Ideal for users who don’t want to chase promos
Digital-native, no frills	Laurentian, KOHO, Neo, Saven	All online, easy access, no monthly fees

Tips Before You Open an Account

• Promo vs. Standard Rate: Many offers are temporary—check what rate goes back down to afterward

• Transfer Times: Notice accounts delay withdrawals

• Insurance: Confirm CDIC or provincial protection

• Eligibility: Promo rates may be for new accounts only

• Stack Smart: Use multiple accounts—for example, a high promo rate with an everyday winner

  
  

Final Thoughts

If you're hunting the highest rate and can wait on withdrawals, EQ Bank's Notice Savings leads for 2025. Prefer traditional banks with solid promos? Go with RBC, Scotiabank, CIBC, or BMO. Want digital simplicity with no fuss? Try Simplii or explore Neo, Saven, or KOHO.

Pick what matches your money goals—and watch your savings work for you.