High Interest Savings Account

4.60% AER · fixed rate

Min. Deposit: No minimum
Term: 1 year
Protection: CDIC coverage

What $25,000 Earns You

At 4.60% AER over 1 year. Take the interest once a year, or leave it in to compound.

You Deposit	$25,000
Paid Once a Year	$1,150
Total Interest	$1,150
Balance at the End	$26,150

Each $1,150 interest payment is paid to you directly, and $1,150 is what they add up to over the term. The figure at the end is your initial investment of $25,000 paid back plus your final interest payment.

You Deposit	$25,000
Total Interest	$1,150
Balance at the End	$26,150

No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000 plus $1,150 interest.

Where You Stand

CDIC coverage

Covered up to Up to $100,000 per person if Simplii Financial fails.

Product Details

Type: Savings
Term: 1 year
How Interest Is Paid: Once a year Left to compound
Min. Deposit: No minimum
Protection: CDIC coverage
Coverage: Up to $100,000
Region: Canada

Eligibility & Details

Promotional 4.60% for 5 months on eligible deposits (new clients, first HISA within 60 days); offer ends July 31, 2026.
Ongoing tiered rate 0.30%–1.00%.

Compare Canada is a comparison site, not a financial adviser. Figures use a $25,000 example at 4.60% over 1 year, compounded annually where shown. Confirm all terms with Simplii Financial before you commit.