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High Interest Savings Account

Earn more interest with the first dollar deposited

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A savings account for your everyday needs   

Realize your projects or create an emergency fund for contingencies. Earn interest on your balance regardless of the amount while having access to it at any time.

At a glance


Current interest rate1



No minimum balance

to earn interest

Free transfers

1 withdrawal/month

Perfect if you are looking to:

  • save for a project or set up an emergency fund
  • grow your assets without risk
  • quickly access your funds
  • carry out online fund transfers2 free of charge

Open your account in three easy steps


Open an account

Open an account online or schedule an appointment at the branch of your choice.

Transfer funds

Make transfers from your online bank or ABM.


Start saving and enjoy all the advantages of your account!

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You prefer to discuss your options with an advisor? Make an appointment.


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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 accounts3 free of charge
  • Transfers to other National Bank clients3: $5/transfer
  • Interac e-Transfers®: $5/transfer plus a transfer fee of $1/transfer
  • Bill payments3: $5/payment
  • Account inquiries: balances, transaction history, etc.
  • eStatements

In stores and at the ABM

  • Debit card purchases4:  $5/transaction
  • Withdrawals and withdrawals for bill payment4: $5/transaction
  • List of transactions4:
    • $0.75/request
    • $1/month

Branch transactions5

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 currency6:
    • $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. Transactions carried out using our Automated Services or National Bank online.

3. 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.

4. 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.

5. 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.

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

7. 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.

Explore our other savings and investment solutions

NBI Funds

Enjoy the flexibility7 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.

Make an appointment

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