4.50% promotional rate
CA$0
CA$0
Unlimited self-serve transfers
The BMO Savings Amplifier Account earns a competitive promotional interest rate of 4.50%, making it an attractive option for savers looking to maximize their returns. It stands out as the top choice because it combines a high yield with no monthly fees and no minimum balance requirements, ensuring that customers can grow their savings without incurring costs.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Limited direct deposit options
2.TD ePremium Savings Account
TD Canada Trust
0.85% interest rate
Earn a 4% Bonus Interest Rate for 90 days on balances up to $1,000,000.
CA$0
CA$10,000
Unlimited free online transfers
What sets the TD ePremium Savings Account apart is its tiered interest structure, rewarding those who maintain higher balances with a competitive rate of 0.85%. This account is particularly appealing for clients with significant savings, as it offers unlimited free transfers between TD accounts, making it a practical choice for managing larger sums.
Pros:
- High interest rate for large balances
- Free online transfers
Cons:
- No interest on balances below CA$10,000
3.Scotiabank MomentumPLUS Savings Account
Scotiabank
4.65% promotional rate
Available for the first 3 months on new accounts.
CA$0
CA$0
Unlimited self-service transfers
This account shines for its promotional interest rate of 4.65% for the first 90 days, making it an excellent choice for those looking to maximize their savings quickly. The MomentumPLUS Savings Account is particularly beneficial for new customers, as it combines high yields with no monthly fees and flexible access to funds.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Limited direct deposit options
4.Tangerine Savings Account
Tangerine
4.50% promotional rate
CA$0
CA$0
Unlimited electronic transfers
The standout feature of the Tangerine Savings Account is its promotional interest rate of 4.50% for new clients, which is a strong incentive for those looking to grow their savings. This account is designed for flexibility, allowing unlimited electronic transfers without any monthly fees, making it a solid option for savers.
Pros:
- High promotional interest rate
- No minimum balance
Cons:
- Standard rate drops significantly after promotional period
5.Simplii Financial High Interest Savings Account
Simplii Financial
4.50% promotional rate
CA$0
CA$0
Unlimited transfers between Simplii accounts
The Simplii Financial High Interest Savings Account offers a competitive promotional rate of 4.50% for new customers, making it an attractive choice for those looking to maximize their savings. This account is particularly appealing due to its lack of monthly fees and unlimited transfers, although it is best paired with a chequing account for everyday transactions.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Not designed for daily transactions
4.60% promotional rate
CA$0
CA$0
One free withdrawal per month
The RBC High Interest eSavings account is notable for its promotional interest rate of 4.60% for the first three months, making it a compelling option for new savers. This account provides flexibility with free transfers between RBC accounts, although it limits free withdrawals to one per month, which may not suit all users.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Limited free withdrawals
7.EQ Notice Savings Account
EQ Bank
4.50% for 10-day notice, 5.00% for 30-day notice
CA$0
CA$0
Free unlimited transfers between linked EQ Bank accounts
The EQ Notice Savings Account offers unique flexibility with its tiered interest rates based on withdrawal notice periods, allowing customers to earn up to 5.00%. This account is designed for those who can plan their withdrawals, providing high interest without monthly fees.
Pros:
- High interest rates with notice
- No monthly fees
Cons:
- Requires notice for withdrawals
8.Neo Savings Account
Neo Financial
up to 3.00%
Earn up to CA$650 in bonus cash by opening and funding a new account with at least CA$1,000.
CA$0
CA$0
Unlimited free everyday transactions
The Neo Savings Account stands out for its competitive interest rates of up to 3.00% and the potential to earn a substantial cash bonus for new customers. This account offers flexibility with no monthly fees and unlimited transactions, making it an attractive option for savers looking for both high returns and accessibility.
Pros:
- Competitive interest rates
- No monthly fees
Cons:
- Interest rates may vary based on balance
Final Words
In conclusion, March 2026 offers a variety of attractive savings account bonuses across Canada, with options like the BMO Savings Amplifier Account providing promotional rates that can significantly boost your savings. Be sure to compare different accounts to find the one that best fits your financial goals and maximizes your earnings.
Frequently Asked Questions
The BMO Savings Amplifier Account offers a promotional interest rate of 4.50%.
No, the TD ePremium Savings Account has a monthly fee of CA$0.
The Scotiabank MomentumPLUS Savings Account has a promotional interest rate of 4.65%.
High-yield savings accounts typically offer higher interest rates compared to standard savings accounts, allowing your savings to grow faster. They also often come with no monthly fees.
To maximize your savings with a promotional rate, consider depositing as much as possible while the promotional period is active and ensure you meet any requirements to maintain the promotional rate.
When choosing a savings account, consider the interest rate, fees, accessibility, account features, and any promotional offers that might enhance your savings.
Yes, many banks offer promotional rates for a limited time to attract new customers, which can provide a significant boost to your savings.
