We calculate interest daily on your Account balance using the applicable balance tier as set out in this agreement. This means that the interest rate applied to your Account is determined based on the balance tier into which your total closing balance falls at the end of each day. If your balance falls within a higher tier, the higher interest rate for that tier will apply to your entire balance for that day. For example, if the first tier applies to balances up to $9,999.99 and the next tier applies to balances above $10,000, and your closing balance is $20,000, the higher interest rate applicable to the second (higher) tier will be applied to the full $20,000 balance for that day. Interest is calculated daily on the closing balance and is paid monthly. You acknowledge that interest rates and interest calculation methods may change at any time and without prior notice. We will advise you of changes by posting the new rate and any calculation changes on our website. Interest on your Account(s) will be reported for tax purposes in the manner required by law. Current interest rates and tier levels applicable for your Account(s) are available on our website or my emailing us at help@wealthonebank.ca.
Non-Registered High Interest Savings Account Rates
Earn up to 3% on your everyday personal HISA balance - no minimum, no lock-in required
2.60%
Below or equal to $9999.99
2.75%
$10000-$25000
3.00%
Above or equal to $25000
Why choose our Non-Registered High Interest Savings Account
Higher returns on
higher balances
Daily interest,
paid monthly
Access your
funds anytime
Ideal for savers building
larger cash reserves
Rates effective 2026-07-01
Terms and Conditions
RATE UPDATE
Registered Retirement Savings Plan HISA (RRSP HISA)
A smarter way to save for your future. Our Registered Retirement Savings Plan HISA is built to support your long-term goals, combining competitive returns with flexibility.
3.00%
from your first dollar invested
Open an AccountWhy choose our RRSP High Interest Savings Account?
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Consistent earnings without
balance thresholds
Freedom to withdraw
(subject to plan rules)
No need to lock in your
funds for a fixed term
Perfect for goal-oriented
savings with built-in flexibility
Invest
Grow your money with a GIC
Protect and grow your money with a Guaranteed Investment Certificate (GIC) and some of the highest interest rates in Canada.
Open an Account
WealthONE ranked #3 in Forbes' Best Online Banks in Canada!
42 Canadian Banks and Credit Unions were researched according to Customer Experience, Fees, Accessibility, Digital Experience, Rates etc., and we are very proud to be recognized among the top 3 Online Banks in Canada.
Savings Calculator
These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only.
Opening an account is easy
Apply online in minutes, fund your account, and start earning interest. Choose how you’d like to open your account.
WealthONE High Interest Savings Account
Earn high interest daily on every dollar!
Features
- No monthly fees or minimum balance required
- Free unlimited transfers to/from your WealthONE accounts to your linked account
- Eligible for Canada Deposit Insurance Corporation (CDIC) Insurance**
- Added Security of 2-step Verification plus Strong Password
- Can be opened non-registered or for your WealthONE RRSP and TFSA
Legal
* Rates are per annum and are subject to change without notice. Interest is calculated on the daily closing balance in a Savings account and paid monthly. See Account Terms and Conditions.
** CDIC limits apply. Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation that protects your deposits for up to $100,000 per insured category at financial institutions that are CDIC members. Coverage is free and automatic – you don’t have to sign up.
*** Fees are subject to change without notice.
2024 Tax Slips Now Available
Your 2024 tax slips are now ready for download. You can access your T5, RRSP Contribution Receipts, and other applicable tax documents through your WealthONE online banking account, click here to log in. If you have opted for mailed copies, they will be sent out shortly. The 1st 60-Day RSP Contribution Tax Slips are now available for download and mailed copies will be sent on March 28, 2025.
If you have any questions, please contact our client service representatives from 9 am to 5 pm EST by calling 1-866-392-1088 or send an email to help@wealthonebank.ca.
2025 TFSA and RRSP Contribution Limit
The 2025 TFSA contribution limit is $7,000, same as 2024.
The 2025 RRSP contribution limit is 18% of previous year's earned income up to $32,490 (whichever is lower).
The annual contribution limit can change from year to year. You can make contributions anytime during the year, periodically or as a lump sum. Please always check your room to make sure you don't overcontribute.
Learn more about TFSA and RRSP.
What changes are being made to my savings account?
Starting July 1, your current High-Interest Savings Account (HISA) will transition to a new 3-tier Step-Up HISA, offering the opportunity to earn higher interest as your balance grows.
Do I need to take any action?
No. Your account will automatically transition to the new structure—there is nothing you need to do.
Will my account number or access change?
No. Your account number, online access, and how you manage your account will remain the same.
Are there any new fees?
No. There are no new fees or fee increases associated with this change.
How does the Step-Up HISA work?
The account uses a tiered structure:
• Higher balances qualify for higher interest rates
• Your entire balance continues to earn interest based on the applicable tier(s)
Find full details and rates here: High Interest Savings Account | Wealth One Bank of Canada.
Will I earn more interest?
In most cases, yes. The new structure is designed to reward savings growth and offer higher earning
potential.
What is the new Registered Savings Account?
We’re introducing a Registered Savings Account (RSP savings) designed for long-term savings:
• Competitive interest rate (~3%) from the first dollar
• No tiering
• Flexible alternative to locking into a GIC
Can I move my funds into the registered savings account?
Yes. You can transfer funds (subject to contribution rules and eligibility). More details on how to do this will be available soon.
Will there be changes to Terms & Conditions?
Yes. Updated Terms & Conditions will take effect July 1, 2026 and can be found here [link] and will be available online before the change.
Who can I contact for more information?
If you have any questions, please contact us at 1-866-392-1088 Monday to Friday, 9am to 5pm (EST) or email
us at help@wealthonebank.ca.
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