Ontario
Best HISA Rates in Ontario (2026)
Find the best high-interest savings account rates for residents of Ontario. We compare rates, fees, and features so you can find the right fit without the research.
Ontario Note: Ontario residents benefit from the largest concentration of competitive digital bank offers and credit union alternatives in Canada.
Quick Answer
The best HISA rate available to Ontario residents right now is Wealthsimple Cash at 3.25% (regular, non-promotional). All accounts listed are CDIC-insured.
Best HISA Rates in Ontario (2026)
| Institution | Regular Rate | Promo Rate | Notes | |
|---|---|---|---|---|
| Wealthsimple Cash | 3.25% | — | Requires Wealthsimple Premium ($10/mo) or Generation membership. Standard rate is 2.75%. | Open Account → |
| EQ Bank | 3.00% | — | No monthly fees, unlimited transactions | Open Account → |
| Tangerine | 2.75% | 5.25% | Promo rate for new clients for 5 months | Open Account → |
| Simplii Financial | 2.50% | 5.00% | Promo for new clients | Open Account → |
| Neo Financial | 2.25% | — | Available with Neo Money account | Open Account → |
| KOHO | 2.00% | — | Available with KOHO Easy or higher plan | Open Account → |
| TD Bank | 1.25% | — | eSavings account, in-branch may differ | |
| RBC | 1.05% | — | High Interest eSavings | |
| BMO | 1.00% | — | Savings Builder Account (requires $200/mo deposits for high rate) |
Rates as of April 13, 2026. Verify with institution before opening. All deposits held at CDIC-member institutions unless noted.
Free Tools for Ontario Residents
Frequently Asked Questions
Are the best high-interest savings accounts in Ontario different from other provinces?
Most major Canadian financial institutions operate nationally, so rates are generally the same across provinces. However, some credit unions and promotional offers are province-specific. Ontario residents benefit from the largest concentration of competitive digital bank offers and credit union alternatives in Canada.
Are my deposits insured in Ontario?
Deposits at CDIC-member institutions are insured up to $100,000 per category per institution. Provincial credit unions in Ontario are insured by provincial deposit insurance schemes — coverage limits vary by province.
How often are these rates updated?
We update rate data daily using the Bank of Canada Valet API and weekly manual verification from individual institutions. The date at the bottom of each table shows the last verified date.
This is not financial advice. Rates shown are for informational purposes and may change without notice. We may earn a commission at no cost to you when you open accounts through our links. Always verify rates directly with the financial institution before making any decision.