Top 5 High Interest Rate Savings Accounts from Online Banks in Canada

Posted by Staff on January 24th, 2010 at 08:12pm Comments

By now we all know that doing your banking with a (direct) online bank saves you money. But what kind of an interest rate could you get from what they call high interest savings account — one you could withdraw your cash from anytime?

Well, we here at Online-Banks.ca did the digging for you, and here are the best high interest rate savings accounts in Canada — all of them coming from CDIC accredited banks, which means that your deposit is guaranteed up to $100,000.

Top 5 High Interest Rate Savings Accounts from Online Banks in Canada (as of January 24, 2010):

#1 Ally Canada high interest savings account – 2% interest (our review)
#2 Canadian Direct Financial high interest savings account – 2% interest (our review)
#3 Achieva Financial high interest savings account – 1.85% interest (our review)
#4 MAXA Financial high interest savings account – 1.85% interest (our review)
#5 Outlook Financial high interest savings account – 1.5% interest (our review)

These online banks can certainly help you save your money!

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Related posts:

1. Ally Online Bank – Ally Canada
2. MAXA Online Bank – MAXA Financial
3. ING Online Bank – ING Direct Canada
4. CDF Online Bank – Canadian Direct Financial
5. Cataract Online Bank – Cataract Savings and Credit Union