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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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Canadian Dollar Soars as U.S. Tariffs Are Shelved

 

The Canadian dollar surged to a near five-week high against its U.S. counterpart on Monday as the threat of immediate U.S. trade tariffs diminished. The loonie was trading 1.1% higher at 1.4325 per U.S. dollar, or 69.81 U.S. cents, after touching its strongest intraday level since December 17 at 1.4262.

The relief rally came after newly inaugurated U.S. President Donald Trump announced he would not impose a 25% tariff on imports from Canada and Mexico on his first day in office. Instead, Trump directed federal agencies to evaluate U.S. trade relationships with these countries. This decision alleviated market concerns and boosted investor confidence.

Additionally, a Bank of Canada survey revealed that firms are beginning to anticipate improved economic activity, further supporting the loonie's rise. However, Canadian businesses remain cautious about the potential impact of future U.S. trade policies.

With inflation expectations normalizing, the Bank of Canada may consider lowering interest rates to stimulate economic growth and reduce unemployment.




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