Where to Find the Best Savings and GIC Rates in Canada This Week

Canadians looking to stretch their savings a little further still have access to competitive high‑interest savings accounts (HISAs) and guaranteed investment certificates (GICs). Digital banks continue to lead the way, offering strong returns without sacrificing security. Here’s a quick snapshot of the top rates available this week.

Highest High‑Interest Savings Account Rates

Several online‑only institutions are offering some of the most attractive HISA rates right now:

• Saven Financial – 2.85%
• Oaken Financial – 2.80%
• EQ Bank – 2.75%
• Bridgewater Bank – 2.70%
• WealthONE Bank – 2.60%

These accounts are typically insured either federally or provincially, giving savers both flexibility and peace of mind.

Best GIC Rates This Week

For those comfortable locking in their money for a set period, GICs continue to provide reliable, guaranteed returns.

1‑Year GIC Leaders

• Oaken Financial – 3.40%

5‑Year GIC Leaders

• EQ Bank – 3.85%

Longer‑term GICs remain especially appealing for savers who want predictable growth without market volatility.

What This Means for Savers

• Short‑term savers may prefer HISAs for easy access to funds.
• Long‑term planners can secure higher returns by locking in with multi‑year GICs.
• Digital banks continue to outperform traditional institutions in both categories.