Based on data from Ratehub and Cannex, these are the best savings account rates in Canada right now.
Q: Which savings accounts offer the best interest rates?
A: When it comes to savings accounts, the interest rate is essentially money that a bank will pay you to hold your money in an account with them. Why? Simply put, it increases their assets when you have money held with them.
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Statu quo attendu à la Banque du Canada
Bank of Canada holds interest rate steady at 2.25% as bonds rally on economic weakness
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Not every savings account is favorable in today's high-rate climate. Here's one you should specifically avoid now.
A regular savings account allows savers to put aside a certain amount of money each month in exchange for a higher interest rate
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