4.50%
CA$0
CA$0
Unlimited free self-serve transfers; $5 for each withdrawal, bill payment, pre-authorized debit, or in-branch transfer
The BMO Savings Amplifier Account stands out as the top choice because it offers a competitive promotional interest rate of 4.50% for new accounts, combined with no monthly fees and unlimited transfers. This account provides excellent value for those looking to maximize their savings without incurring additional costs.
Pros:
- Competitive promotional rate
- No monthly fees
Cons:
- Fees for withdrawals and transactions
2.TD ePremium Savings Account
TD Bank
0.45%
Available on balances up to CA$1,000,000 when opening a new account with a qualifying TD chequing account.
CA$0
CA$10,000
Unlimited free online transfers; $5 fee for non-internal transfers
What sets the TD ePremium Savings Account apart is its focus on larger balances, offering a competitive interest rate of 0.45% for deposits of CA$10,000 or more. This account is ideal for those who maintain significant savings and prefer the convenience of unlimited online transfers.
Pros:
- High interest rate for large balances
- No monthly fees
Cons:
- No interest on balances under CA$10,000
3.Simplii High Interest Savings Account
Simplii Financial
4.50%
CA$0
CA$0
Unlimited free transactions between Simplii accounts; no ATM or point-of-sale transactions
This account shines for its promotional interest rate of 4.50% for the first five months, making it an attractive option for new clients looking to grow their savings quickly. With no monthly fees and unlimited transactions between Simplii accounts, it offers flexibility and value.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Limited transaction capabilities
4.Scotiabank MomentumPLUS Savings Account
Scotiabank
4.65%
Available on new accounts opened.
CA$0
CA$0
Unlimited free transfers between Scotiabank accounts; $5 for other debit transactions
A key differentiator for the Scotiabank MomentumPLUS Savings Account is its promotional rate of 4.65% for the first 90 days, which is particularly appealing for new customers. This account combines competitive rates with no monthly fees, making it a strong contender for savers.
Pros:
- High promotional rate
- No monthly fees
Cons:
- Fees for non-account transfers
5.Tangerine Savings Account
Tangerine
4.50%
CA$0
CA$0
Unlimited free transfers between Tangerine accounts; no direct debit or check-writing functionality
The standout feature here is the promotional interest rate of up to 4.50% for new clients, which is available for a limited time. This account is designed for those who want to maximize their savings without incurring fees, although it lacks some traditional banking functionalities.
Pros:
- Promotional rates for new clients
- No monthly fees
Cons:
- Limited withdrawal options
Final Words
In conclusion, this April 2026, Canada’s best savings account bonuses present a compelling opportunity to maximize your interest earnings. Be sure to compare these offers carefully to find the best fit for your financial goals and take advantage of promotional rates before they expire.
