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High Interest Savings Account

We’ve got interest in your projects

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Overview of the promotional offer

2.75% interest

until December 30th, 20197



No minimum balance

to earn interest

Free transfers

1 withdrawal/month

You want to open an account?

Apply in 5 minutes.

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Already have an account?

The promotional rate applies to your new deposits only.

Contribute online

A savings account for your everyday needs


Save for a project or set up an emergency fund


Grow your assets without risk


Quickly access your funds


Make free of charge transfers between your accounts2 held with National Bank

Open your account in three easy steps

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Open an account

Apply online in less than 5 minutes. Already have an account? Skip to step 2


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Transfer funds

Contribute to your online bank in a few easy clicks.

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Save and enjoy all the benefits of your account!

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Already have an account? Don’t wait: contribute online now.

Pouce en l'air

Quick tip

Save without effort—set up automatic withdrawals at the interval you want.

The High Interest Savings Account includes:


Online, mobile and telephone banking transactions

  • Transfers between your National Bank accounts2 free of charge
  • Transfers to other National Bank clients2: $5/transfer
  • Interac e-Transfers®: $5/transfer plus a transfer fee of $1/transfer
  • Bill payments2: $5/payment
  • Account inquiries: balances, transaction history, etc.
  • eStatements

In stores and at the ABM

  • Debit card purchases3:  $5/transaction
  • Withdrawals and withdrawals for bill payment3: $5/transaction
  • List of transactions3:
    • $0.75/request
    • $1/month

Branch transactions4

At National Bank branches

  • Withdrawals and transfers: $5/transaction
  • Withdrawals for bill payments: $5/transaction
  • Bill payments: $2/payment

Other services

Preauthorized debits

  • $5/transaction

Additional banking services

  • Automatic transfer carried out with your authorization by National Bank, at a specific date: $1.50/transfer
  • Online statement: free of charge
  • Statement sent by mail: $2.50/month/account
  • Overdraft protection: $5/day
  • Bank drafts in foreign currency5:
    • $5,000 or less: $9.00/draft
    • Over $5,000: $12.50/draft
  • CAD bank drafts: $9.00/draft


Little details that matter

More information on rates and passbook option

For more information on fees for National Bank's products and services, consult the Fee Guide.

Please note that as of April 15, 2019, interest for a High Interest Savings Account is applied from the first dollar deposited. For further information, consult the client notice for Personal Banking Solutions.

The passbook option has not been available to new clients since May 4, 2015. If you are an existing client who uses a passbook with your account, a $2.50 monthly fee is charged.

Legal Disclaimers

® Registered trademark of Interac Inc. Authorized user: National Bank.

1. Interest is calculated at the end of each day on the total daily balance. Interest is paid monthly. Variable annual rate subject to change without notice. See current rates.

2. Services offered by the Bank through National Bank online, the mobile banking app and telephone banking solutions. These services provide access to accounts using a client card number issued by the Bank and a password chosen by the client, and allow clients to carry out various banking transactions including account, line of credit and credit card balance inquiries, transaction history requests (deposits and withdrawals), wire transfers, fund transfers to other National Bank account holders, requests to access documents, cheque images and bills, bill payments and cheque orders. Some features are not available through the National Bank mobile app. Certain browser versions are required to access National Bank online. For more information, visit the Browsers section for access to online banking services and read the ABCs of Security.

3. Banking services providing account access by means of a debit card issued by National Bank and used at a National Bank automated banking machine or an automated banking machine in an affiliate network or point-of-service terminals or with other devices and technology made available to National Bank clients. These services allow clients to carry out a range of banking transactions including withdrawals, deposits, account, line of credit and credit card balance inquiries, transaction history requests (deposits and withdrawals), fund transfers and bill payments. Additional fees are charged for using the Interac® and CIRRUS® networks. No additional fees are charged for using THE EXCHANGE® ABM network.

4. Banking services usually provided at National Bank branches during normal business hours, including deposits, withdrawals, transfers, bill payments, foreign exchange transactions, purchase of travellers cheques or drafts and use of safety deposit boxes.

5. For USD bank drafts, applicable fees are in USD.

6. NBI Portfolios (the “Portfolios”) are managed by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Portfolios. Please read the Portfolio prospectus before making an investment. The Portfolios’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolios are not guaranteed, their values change frequently, and past performance may not be repeated.

7. The 2.75% promotional rate is offered until December 30, 2019. This rate is offered to anyone who has or opens a National Bank High Interest Savings Account during the promotion period and makes deposits. The promotional rate applies up to a maximum of $999,999.00 in deposits. Sums deposited into the High Interest Savings Account cannot originate from an existing National Bank savings, investment or registered account. Funds can originate from a National Bank chequing account provided they were deposited less than 30 days ago. The 2.75% promotional rate is the variable annual rate (currently 1%) plus an additional 1.75%. After December 30, 2019, the rate will be the variable annual rate in effect. Interest is calculated at the end of each day on net deposits and credited to the account monthly. Net deposits are the difference between the total deposits and total withdrawals. For clients who already have a National Bank High Interest Savings Account at the start of the promotion, the promotional rate will only apply to amounts deposited after October 1, 2019. Amounts deposited to the account before the start of the promotion period will continue to earn interest at the variable annual rate. Interest is calculated at the end of each day on net deposits. The applicable rate depends on the date that the deposits were made. For example, the account balance was $5,000 when the promotion period started. The client then deposited $5,000 and withdrew $2,000. The first $5,000 would earn interest at 1% and the remaining $3,000 would earn interest at 2.75%.  After December 30, 2019, the interest rate on the whole account balance will be the variable annual rate in effect. National Bank reserves the right to end this promotion at any time and rates may change without notice. Clients can benefit from this promotion on only one National Bank High Interest Savings Account.

Explore our other savings and investment solutions

NBI Funds

Enjoy the flexibility6 of our investment funds, available as a stand-alone solution or as a complementary investment.

Discover NBI Funds 

Principal-protected investments

Put your money in a GIC and guarantee your original investment ($500 minimum investment).

See GICs

Ready to open a savings account?

Make an appointment with an advisor today.

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