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Big bank savings accounts: RBC vs TD vs Scotiabank vs CIBC vs BMO

Big bank savings accounts are convenient if you already bank there, but rates and conditions vary a lot between them.

Feature
RBC Royal Bank logoRBC High Interest eSavings

RBC Royal Bank

TD Canada Trust logoTD ePremium Savings Account

TD Canada Trust

Scotiabank logoMomentum PLUS Savings Account

Scotiabank

CIBC logoCIBC eAdvantage® Savings Account

CIBC

BMO logoSavings Amplifier Account

BMO

Where availableNot confirmedNot confirmedNot confirmedNot confirmedNot confirmed
Monthly feeFree CAD$0 CAD$0 CAD$0 CADNo monthly fee CAD
Savings interest rate0.550%Not confirmedNot confirmedNot confirmedNot confirmed
DetailsFull profileOfficial provider page Full profileOfficial provider page Full profileOfficial provider page Full profileOfficial provider page Full profileOfficial provider page

Our take

Some accounts need a minimum balance or charge for withdrawals. If the gap with an online bank is large, holding savings elsewhere may earn more.

Rates and fees change. Confirm current terms on the provider's official page before applying. General information, not personalized advice.

High-interest savings accounts

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