Updated October 21, 2026 · SumCue Editorial Team

Top savings accounts and deposits compared in Canada

454 providers available in Canada, ranked for Canada.

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Top savings accounts and deposits compared in Canada
OrderProviderScoreFeaturesKey factsActions
1
Airwallex logo
AirwallexTop pickPartner
9.0/10
  • Business
  • Travel
Headline rate:
2.18% to 3.83%
Rate type:
Variable
Minimum deposit:
HK$0
ReviewCompareVisit
2
Sendwave logo
SendwavePartner

Sendwave Wallet cash back or rewards

9.0/10
    Deposit protection:
    FSCS up to GBP 85,000
    Access terms:
    Senders in Belgium, Canada, Germany, Spain, France, UK, Ireland, Italy, Portugal, US; Sendwave Wallet senders from US and UK only
    Account kind:
    Cash management
    ReviewCompareVisit
    3
    Panda Remit logo
    Panda RemitPartner

    Zero transfer fee and better exchange rate for first-time customers: Zero transfer fees for the first transfer

    8.4/10
    • Fixed rate
    Deposit protection:
    FDIC up to USD 250,000
    Access terms:
    On demand, 24/7; exchange rate can be locked for 24 hours
    Legal entity:
    Wotransfer PTE. LTD.
    ReviewCompareVisit
    4
    Afranga logo
    AfrangaPartner
    8.8/10
    • Low fees
    Headline rate:
    8% to 10%
    Rate type:
    Fixed
    Term:
    3 to 12 months
    ReviewCompareVisit
    5
    Monefit logo
    MonefitPartner

    Monefit offers SmartSaver, a savings product with daily returns and the flexibility to withdraw at any time, alongside a credit product.

    8.0/10
      ReviewCompareVisit
      6
      Ariza Credit Union logo
      Ariza Credit UnionPartner
      9.7/10
      • No monthly fee
      • Travel
      Headline rate:
      3.5%
      Rate type:
      Variable
      Term:
      36 months
      ReviewCompareSee alternatives
      7
      BCP logo
      BCPPartner
      9.7/10
      • No monthly fee
      Rate type:
      Fixed
      Term:
      3 to 72 months
      Minimum deposit:
      PEN 1
      ReviewCompareSee alternatives
      8
      Grenada Co-operative Bank logo
      Grenada Co-operative BankPartner
      9.7/10
      • Credit line
      Rate type:
      Variable
      Minimum deposit:
      EC$50
      Access terms:
      Easy access at branches, ATMs and eBanking; interest paid quarterly
      ReviewCompareSee alternatives
      9
      Banco Pichincha logo
      Banco PichinchaPartner
      9.6/10
      • No monthly fee
      • Rewards
      Headline rate:
      4.75%
      Rate type:
      Variable
      Term:
      3 to 60 months
      ReviewCompareSee alternatives
      10
      Nykredit logo
      NykreditPartner
      9.5/10
      • No monthly fee
      Headline rate:
      5%
      Rate type:
      Variable
      Minimum deposit:
      DKK 0
      ReviewCompareSee alternatives

      Licensed in Canada

      Sendwave
      Revenue Quebec
      Sendwave
      FINTRAC
      Panda Remit
      Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
      Panda Remit
      Revenu Quebec
      Alterna Bank
      Canada Deposit Insurance Corporation (CDIC)
      Serenia Life Financial
      Superintendent of Insurance (provincial insurance regulators, Canada)
      Meridian Credit Union
      Financial Services Regulatory Authority (FSRA)
      Lemfi
      FINTRAC, money service business
      Nala
      Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
      OFX
      FINTRAC
      OFX
      Revenu Quebec
      Taptap Send
      Financial Transactions and Reports Analysis Centre (FINTRAC)

      Other rankings

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      Other countries

      Airwallex

      Airwallex

      Top pick for Canada

      9.0/10Visit