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Best Bank Accounts in 2023

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Bank Accounts

Customers can manage their savings online thanks to the TD ePremium...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 1.7%
    Interest Rate
  • Rating: no reviews
As a Canadian with the Vancity USD Chequing account, you don’t need...
  • $0
    Monthly Fee
  • $790
    Welcome Bonus
  • 100+
    Transactions
  • Rating: 2.5
In Canada, Motusbank stands out as one of the top providers of...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 2.5%
    Interest Rate
  • Rating: no reviews
Motusbank is an online bank in Canada that offers various financial...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 100+
    Transactions
  • Rating: no reviews
The Motusbank RRSP savings account is ideal for planning retirement....
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 2.5%
    Interest Rate
  • Rating: no reviews
The Motusbank TFSA savings account stands out as one of the leading...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 2.5%
    Interest Rate
  • Rating: no reviews
Peoples Bank of Canada e-Savings is a leading high-interest savings...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 3.30%
    Interest Rate
  • Rating: no reviews
The Peoples Bank of Canada EasyTransaction Account combines convenience,...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 100+
    Transactions
  • Rating: no reviews
One of the unique savings accounts offered by Scotiabank is the Scotiabank...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 0.75%
    Interest Rate
  • Rating: 2.5
The Scotiabank Money Master Savings Account is a valuable financial tool...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 0.01%
    Interest Rate
  • Rating: 2.5
Those needing a unique savings structure to help their money grow should...
  • $0
    Monthly Fee
  • $0
    Welcome Bonus
  • 1.40%
    Interest Rate
  • Rating: 2.5
If you’re on the hunt for an affordable and efficient way to manage your...
  • $11.95
    Monthly Fee
  • $0
    Welcome Bonus
  • 25
    Transactions
  • Rating: 2.5
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FAQs about
bank accounts

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What is a chequing account?

A chequing account is a bank account that is meant for storing your daily spending money. It's designed for everyday transactions, such as depositing paycheques, paying bills, debiting purchases, transferring money online or making ABM withdrawals. A chequing account typically comes with a debit card and a chequebook.

What is a savings account?

A savings account is a bank account that is meant for safely storing your money over a longer period of time, while earning interest. Savings accounts pay higher interest rates compared to chequing accounts, making them a great place for your emergency fund and longer-term savings. You just deposit the money and then watch it grow.

What is an investment account?

An investment account is a bank account that is meant for holding stocks, bonds, funds and other securities, as well as cash. A key difference between an investment account and other bank account is that the value of assets in an investment account fluctuates and can even decline.

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