4.65%
Earn a $150 cash bonus and a 4.65% promotional interest rate for 120 days by opening a BMO Savings Amplifier Account.
CA$0
CA$0
Unlimited self-serve transfers
The BMO Savings Amplifier Account stands out as the top choice because it offers a high promotional interest rate of 4.65% for the first 120 days, combined with no monthly fees and no minimum deposit requirement. This account provides excellent value for those looking to maximize their savings without incurring costs.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Requires pairing with a chequing account for promo rate
0.010%
TD often offers a $200 welcome bonus on eligible personal savings accounts.
CA$0
N/A
1 free withdrawal per month
What sets the TD Eligible Savings Account apart is its straightforward fee structure with no monthly fees and the ability to earn a cash bonus upon opening. This account is particularly appealing for those who prioritize fee-free banking while maintaining access to their funds.
Pros:
- No monthly fees
- Free transfers to TD accounts
Cons:
- Low interest rates on balances
4.60%
CA$0
N/A
The RBC High Interest eSavings Account shines for its competitive promotional interest rate of 4.60% for the first three months, making it an attractive option for new savers. This account is designed for those looking to earn a higher return on their savings without incurring monthly fees.
Pros:
- Competitive promotional rate
- No monthly fees
Cons:
- Standard rate drops significantly after promo period
4.Tangerine Savings Account
Tangerine
4.50%
CA$0
N/A
A key differentiator for the Tangerine Savings Account is its promotional interest rate of 4.50% for the first five months, which is particularly beneficial for new clients. This account offers a simple, no-fee structure that appeals to those looking to grow their savings efficiently.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Standard rate applies after promo period
5.CIBC Smart Account
CIBC
0.50%
To qualify for the $100 cash reward, open a CIBC Smart Account and provide your email address.
CA$16.95
N/A
Unlimited transactions
The CIBC Smart Account is the best option for those who require unlimited transactions and appreciate a cash back welcome bonus. While it has a monthly fee, it can be waived by maintaining a minimum balance, making it a flexible choice for active users.
Pros:
- Unlimited transactions
- Cash back welcome bonus
Cons:
- Monthly fee unless balance is maintained
Final Words
In conclusion, as you explore the best savings account bonuses available this June 2026, remember to carefully compare the promotional rates and terms offered by different institutions, such as the BMO Savings Amplifier Account. By doing so, you can maximize your earnings and find the savings solution that best fits your financial goals.
Frequently Asked Questions
The BMO Savings Amplifier Account currently offers a promotional interest rate of up to 4.65% on balances up to $1,000,000 for the first 120 days when opening a new account.
No, the BMO Savings Amplifier Account has a monthly fee of CA$0.
The TD Eligible Savings Account offers a significantly lower interest rate of 0.010%.
The RBC High Interest eSavings Account offers an interest rate of 4.60%.
High-interest savings accounts typically offer better rates compared to standard savings accounts, allowing your savings to grow faster while still providing easy access to your funds.
Yes, to earn the promotional rates, certain conditions may apply, such as pairing the account with an eligible chequing account.
Yes, many savings accounts in Canada, including the BMO Savings Amplifier Account and TD Eligible Savings Account, do not have any monthly fees.
When choosing a savings account, consider factors such as the interest rate, monthly fees, accessibility to funds, and any promotional offers that may apply.
