Best Accounts for Seniors

KOHO

CDIC Eligible

KOHO Everything Plan

Canada-wide CAD Savings Account

Interest rate 3.50%

Monthly fee $22.00

Welcome bonus Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 3.50% interest, plus 2% unlimited cash back on groceries, transportation, food & drinks. Terms apply.

RateBuddy Pick: Best High-Interest Chequing Account

KOHO

CDIC Eligible

KOHO Everything Plan

Canada-wide CAD Chequing Account

Interest rate 3.50%

Monthly fee $22.00

Welcome bonus Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 3.50% interest, plus 2% unlimited cash back on groceries, transportation, food & drinks. Terms apply.

Neo Financial

Neo Savings Account

Canada-wide CAD Savings Account

Interest rate (tiered) Up to 3.00% Rate varies based on balance.

Monthly fee $0.00

Special offer Earn 3%* interest to grow your savings. Reach your savings goals faster.

KOHO

CDIC Eligible

KOHO Extra Plan

Canada-wide CAD Chequing Account

Interest rate 2.50%

Monthly fee $18.00

Welcome bonus Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.50% interest, plus 1.5% unlimited cash back on groceries, transportation, food & drinks. Terms apply.

KOHO

CDIC Eligible

KOHO Extra Plan

Canada-wide CAD Savings Account

Interest rate 2.50%

Monthly fee $18.00

Welcome bonus Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.50% interest, plus 1.5% unlimited cash back on groceries, transportation, food & drinks. Terms apply.

Earn 5% interests, limited time offer.

KOHO

CDIC Eligible

KOHO Essential Plan

Canada-wide CAD Chequing Account

Interest rate 2.00%

Monthly fee $0.00

Welcome bonus Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.00% interest, plus 1% cash back on groceries, transportation, food & drinks. Terms apply.

KOHO

CDIC Eligible

KOHO Essential Plan

Canada-wide CAD Savings Account

Interest rate 2.00%

Monthly fee $0.00

Welcome bonus Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.00% interest, plus 1% cash back on groceries, transportation, food & drinks. Terms apply.

Open a savings account Earn 4.60% interest on eligible deposits up to $100,000.

Simplii Financial

CDIC Insured

Simplii High Interest Savings Account

Canada-wide CAD Savings Account

Interest rate (tiered) Up to 4.60% Rate varies based on balance.

Monthly fee $0.00

Welcome bonus Welcome Bonus: Earn 4.60% interest† on eligible deposits up to $100,000. Just open a savings account and get this special interest rate for 5 months. Terms apply. Offer ends July 31, 2026.