Get a Competitive High Interest Savings Account (HISA) Solution in Canada

Discover top High-Interest Savings Account solutions. Know how to proficiently and safely grow your savings.

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What is an HISA?

A High-Interest Savings Account (HISA) is a savings account for people who want to earn more on their money. It lets you save without tying up funds in long-term investments like GICs or stocks and provides much higher interest rates, compared to regular savings accounts. A HISA makes your money work harder than standard accounts, which offer low returns.

How does the HISA work?

A HISA operates similarly to a regular savings account but with higher interest rates. This option is designed for Canadians and families who want a flexible, low-risk way to earn more on their savings. The best part? This all is possible while keeping funds easily accessible.

Here is how it works:

  • Daily interest calculation: Your interest is calculated daily based on your account balance.
  • Monthly payout: Interest is deposited into your account each month, compounding your earnings over time.
  • No fixed-term commitment: Unlike GICs, you are not locked into a contract – you can withdraw your funds whenever needed.
  • Low or no risk: HISAs are not investments, so you do not have to worry about market changes impacting your savings.

HISA solutions we provide

Building financial security starts with choosing the right High Interest Savings Account (HISA). We offer a range of HISA options to meet your goals – everyday flexibility, tax benefits or better returns on larger balances – we have you covered.

Standard HISA

The Standard HISA is a smart option for anyone wanting to grow their savings with no difficulty. It offers a good interest rate, has no monthly fees and is for people who want an easy savings account.

This account is great for emergency funds, short-term savings or keeping extra cash before investing. In this case, you earn interest daily and deposit it monthly, allowing your savings to grow consistently. So it is a great option if you are just starting to save or need a safe place for your money and already used all your TFSA room.

Tax-Free HISA

If you want to save money and avoid taxes on interest in Canada, the Tax-Free HISA is a great choice. This account works under a Tax-Free Savings Account (TFSA) – this means any interest earned is not taxable.

As for the Tax-Free HISA type, it is convenient for short-term and long-term savings. It helps people grow their money without worrying about taxes. It is a flexible way to save for big purchases, holidays, or future investments while keeping your money safe.

Why Choose HISA With Us

If you are saving for a big purchase, building an emergency fund or wanting to grow your money – our experts can help you make it.

Competitive interest rates

Our HISAs have highly competitive interest rates. No matter if you are saving for a home, education or a financial cushion - our great rates help your balance grow faster than a standard savings account.

No hidden fees

Saving should be simple and rewarding, not weighed down by unnecessary costs. That is why our HISAs have no monthly fees, no hidden charges and no penalties for using your own money. Your savings belong to you and we believe in keeping it that way.

Easy access to funds

Life is full of surprises and quick access to your money can really make a difference here. With our HISAs, you can deposit and withdraw funds freely, without penalties or limits. You will always have control over your finances - no matter for emergencies, last-minute chances or everyday costs.

Secure and insured

Trust and security are at the heart of personalized solutions. Your deposits are safe this means your hard-earned money is protected.

Online and mobile banking

Managing your money should be effortless. Our professionals will help you access your account anytime and anywhere, check your balance, transfer funds and even more. Whether you are at home, at work or on the go - managing your HISA has never been more convenient.

Expert financial support

Financial goals vary for each person and expert guidance can really help here. Our team of advisors is ready to help you with your savings strategy. If you want advice on earning more interest, choosing tax-efficient savings or structuring your deposits - we are here to help.

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How to get the most of your HISA?

The process of getting a HISA in Canada is simple – just follow these easy steps below:

Step 1. Consultation

Our Financial Advisors assess your financial needs and find the right solutions. We discuss your concerns and suggest the suitable option for you.

Step 2. Application

We fill out the paperwork and submit your application to start the approval process. Our team ensures a smooth application experience, guiding you through every single step.

Step 3. Approval & HISA account

When your HISA account gets approved, you receive your account documents and complete details as well as secure online access.

Useful FAQs About HISA

How much money do I typically need to open a HISA?
Opening a High-Interest Savings Account (HISA) in Canada is easy for most people. Financial institutions have pretty low (or no minimum) deposit requirements. Some of them let you start with just $1. Others may require a higher minimum balance to get better interest rates. So the more you deposit, the more interest you can earn over time.

While HISAs offer a great way to earn more on your savings, there are a few factors to consider. Interest rates are higher than regular savings accounts. However, they can still change based on market conditions. Above all, HISAs offer easy access to your money, but they usually do not earn as much as long-term investments like stocks or mutual funds.

Yes, most HISAs offer flexible access to your funds without locking them into a fixed term. You can take out money which makes it perfect for emergency savings or short-term financial goals. You can take out money at any time.

Interest payments on a High-Interest Savings Account are usually made monthly. Your interest is calculated daily from your account balance. Then, it is added to your account at the end of each month. This enables compound growth where you can earn interest on your original deposit and the interest adds up over time.

Contact us today to discuss your needs and explore available options to begin the application process. Our team will answer your questions and take you through the whole process.