Savings

Grow your savings with a 2.25%⁺ rate

Enjoy a great interest rate with a High Interest Savings Account (HISA) while maintaining the flexibility to make deposits and withdrawals.

How do you like them apples?

no minimum balance and no monthly fees
2.25% rate effective as of August 9, 2022
backed by CDIC

Get started

What do I need to get started?

View our deposits disclosure for related fees View our personal deposit agreement for account details

2022 Personal Finance award winner

Wyth is the winner of the Top High Interest Savings Account from Ratehub.ca

Learn more

What will a Wyth HISA do for you?

Get our best interest rate from the get-go

We won't mislead you with a short-term rate that expires in a few months.

Ensure your money's always earning interest

Earn interest every day, on every dollar you invest.

Keep your money safe

Wyth Financial is a trade name of Concentra Bank, a member of Canada Deposit Insurance Corporation (CDIC), so you can be sure your money is safe and sound.

Enjoy full transparency

One free Interac e-Transfer® per month and free transfers for withdrawals and deposits to your external linked account. Our great interest rate applies to deposits up to $150,000. No interest is paid on deposits over $150,000.

Have cash on hand? Make the most of it without locking it away

Minimum investment amount

$0 CAD

Maximum investment amount

$150,000 CAD

Fees and info

What is a High Interest Savings Account (HISA)?

A HISA allows you to earn interest on your savings, without having to work around fixed terms or market volatility.

How does a HISA work?

You can make a deposit or a withdrawal to your account at any time. No commitments. You'll start earning with our strong interest rate from day one.

Should I choose a HISA or a GIC?

Choose a HISA if you think you might need access to your savings, or a Guaranteed Investment Certificate (GIC) if you’re comfortable putting it away for a while.

How do I get started?

1. You must be a Canadian resident, not living in Québec
2. Meet the age of majority (in your province)
3. Provide your Social Insurance Number
4. Have your provincial driver's licence handy (fastest process)
5. Have access to your phone or email

Open a HISA in minutes

It's easy to open a HISA, right from the comfort of your couch.

Let's answer your HISA questions

Do I have to set up a link to my external account?

You're not required to set up a link to an external account, but it's the easiest way to move money between Wyth and your accounts at other institutions, so you can take advantage of our great rates.You can set up a link during the application process, or at a later time in mobile or online banking. It’s a quick and simple way to deposit funds to your account, alongside other methods available like Interac e-Transfer®.

Am I giving Wyth permission to keep my bank account credentials going forward?

No. We only use your credentials to ensure that you're looking to your own account, and we do not store this information after the link has been verified. Once you have successfully signed in, your credentials are removed - we do not store them or have access to them in any way.

Can I link more than one account from another financial institution to my savings account?

Yes! You may link more than one external account, subject to limits set out in the deposits disclosure.

View deposits disclosure →

How do I deposit money into my savings account?

Linking an external account is the easiest way to deposit money. We also offer Interac e-transfer®.

View HISA FAQs →

How do I link an account at another financial institution to transfer money?

Sign in at wyth.ca or through the Wyth mobile app, then on the home screen click Link account, and follow the instructions. If your financial institution is not listed or you would like to set up the link manually then we can do this by making two small deposits (microdeposits). Just follow the steps under Can’t find your financial institution?.

Why do you ask for my banking information to set up an externally linked account?

This allows us to deliver you a more convenient and frictionless banking experience. It limits the need for you to gather other information, which can be inconvenient. The link is verified faster so you can deposit money from your linked account sooner.

Still have questions? Reach out!

Disclaimers

^⁺ High Interest Savings Account (HISA)

Rates are subject to change without notice.

Interest accrues on every dollar the day your account becomes active, subject to account limits and applicable interest rates.

Interest is calculated daily on the total closing balance and paid monthly, up to the account limit of $150,000, based on the rates per annum, as offered. Interest rates are expressed annually and may vary from time to time. No interest will be paid on amounts over the account limit of $150,000.

The Interac logo and Interac e-Transfer® are registered Trade-marks of Interac Corp. Used under licence.

Your deposits may be insurable by the Canada Deposit Insurance Corporation.

Learn more about CDIC