5.00%
CA$0
CA$0
Unlimited self-serve transfers to other BMO accounts
The BMO Savings Amplifier Account earns the #1 spot due to its impressive promotional interest rate of 5.00% for the first 120 days, combined with no monthly fees and no minimum deposit requirements. This account stands out as the top choice because it offers significant short-term gains while maintaining flexibility for account holders.
Pros:
- High promotional interest rate
- No monthly fees
Cons:
- Limited to promotional period
2.TD Canada Trust New Savings Account Offer
TD Canada Trust
0.45%
Earn a cash bonus up to CA$5,000 when you open a new eligible savings account by October 1, 2026.
CA$0
N/A
What sets this account apart is the potential to earn a cash bonus of up to CA$5,000, making it an attractive option for new customers looking to maximize their savings. The account also features no monthly fees, which adds to its appeal for those seeking a straightforward savings solution.
Pros:
- Generous cash bonus
- No monthly fees
Cons:
- Interest rate lower than promotional offers
3.Scotiabank Cash Bonus Bundle Offer
Scotiabank
N/A
Earn up to CA$1,000 in cash bonuses by opening eligible new accounts between July 3, 2026, and October 29, 2026.
N/A
N/A
This account shines for its substantial cash bonus potential, allowing customers to earn up to CA$1,000 when they bundle eligible accounts. The offer is particularly appealing for those looking to maximize their rewards through a combination of savings and chequing accounts.
Pros:
- High cash bonus potential
- Flexible account options
Cons:
- Eligibility requirements may apply
4.Manulife Bank Advantage Account
Manulife Bank
3.00%
CA$0
N/A
A key differentiator is the competitive promotional interest rate of 3.00% for new deposits, which makes the Manulife Bank Advantage Account a strong contender for those looking to grow their savings without incurring monthly fees. This account is particularly beneficial for customers who can take advantage of the promotional rate on new deposits.
Pros:
- Competitive promotional rate
- No monthly fees
Cons:
- Limited to new deposits
Final Words
In summary, taking advantage of the best savings account bonuses in Canada this September 2026 can significantly boost your savings potential. Be sure to compare the features and benefits of different accounts to find the one that best meets your financial needs.
Frequently Asked Questions
The BMO Savings Amplifier Account offers a competitive interest rate of 5.00%.
No, the BMO Savings Amplifier Account has a monthly fee of CA$0.
The TD Canada Trust New Savings Account Offer provides an interest rate of 0.45%.
No, the Scotiabank Cash Bonus Bundle Offer does not have an interest rate associated with it.
Benefits of opening a savings account in Canada include earning interest on your deposits, having a safe place to store your money, and the ability to easily access your funds while potentially earning higher interest rates compared to regular checking accounts.
To avoid monthly fees on savings accounts in Canada, look for accounts that offer $0 monthly fees, such as the BMO Savings Amplifier Account, which has no monthly plan fee.
When looking for a high-interest savings account, consider factors such as the interest rate, any monthly fees, minimum deposit requirements, and the ease of transferring funds to other accounts.
Yes, the BMO Savings Amplifier Account allows for unlimited self-serve transfers to your other BMO accounts at no additional cost.
