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Top 15 High-Interest Savings Accounts in Canada for 2025: Where Your Money Works Harder

In 2025, Canadians are more financially savvy than ever, and choosing the right high-interest savings account (HISA) can make a significant difference in growing your wealth. Whether you're saving for a rainy day, a big purchase, or just want your money to earn more while sitting safely, these accounts offer competitive interest rates, low fees, and flexible access. Here’s a roundup of the 15 best high-interest savings accounts in Canada this year: Best High-Interest Savings Accounts in Canada (2025) Bank / Institution Account Name Interest Rate (Approx.) Key Features EQ Bank Savings Plus Account 4.00% No monthly fees, free transfers Tangerine High-Interest Savings Account Up to 5.00% (promo) Mobile app, automatic savings tools Simplii Financial High Interest Savings Account Up to 5.25% (promo) No fees, easy online access Neo Money Neo High-Interest Account 4.00% No fees, cashback integration Motive Financial Savvy Savings Account 4.10% High rate, online-only banking ...
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Toronto Home Sales Fall in July After June Uptick, Prices Slightly Up

 

In July, Greater Toronto area home sales experienced a month-to-month decline of 1.7%, following a surprising 3.2% rise in June. These figures, reported by the Toronto Regional Real Estate Board (TRREB), broke a four-month streak of declining home deals. Despite this dip, average home prices edged up by 0.2% to reach C$1.13 million, the highest since December. Meanwhile, new listings decreased by 0.8%. 

The market’s anticipation of further rate cuts from the Bank of Canada has contributed to rising demand, with the central bank already reducing its key policy rate twice this year. As the cost of borrowing is expected to decline further, TRREB President Jennifer Pearce predicts accelerated sales due to lower monthly mortgage payments. On a year-over-year basis, sales were up by 3.28% in July, and new listings increased by 18.47%. Toronto, accounting for two-thirds of the country’s condominium sales, remains a bellwether for other major metropolitan areas.

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