B2B Bank High Interest Savings Account
Accelerate your savings with up to 3.30% interest1
Make your dollars count – earn up to 3.30% interest1 with a B2B Bank High Interest Savings Account (HISA). With no monthly account fee2 or minimum balance required, the B2B Bank HISA® offers a simple way to grow your savings.
- No monthly account fee2
- No minimum balance required
The CDIC protects eligible deposits up to a maximum of $100,000 (principal and interest combined) per depositor per insured category. No need to sign up — B2B Bank is a CDIC member so coverage is free and automatic.3
Effective January 1, 2020, the B2B Bank HISA® interest rate changed from a single interest rate to tiered interest rates.
What are the new tiers?
|Account balance||Interest rate|
|Up to and including $500,000||3.30%|
How is the tiered interest calculated?
The 3.30% interest rate applies to deposits up to and including $500,000 and the 1.25% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are annual. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.
Bank with us
For your daily banking needs, we offer simple banking solutions that provide you with convenient online access to your accounts.
Effective March 22, 2019
Download fee schedule
|Monthly account fee||Free|
|Electronic fund transfers||Free|
|Transfers between B2B Bank accounts||Free|
|Non-sufficient funds (NSF)||$50.00|
|Early closure fee (within 90 days of opening)||$25.00|
|Overdrawn interest rate||21% per annum4|
|Dormant annual account fees5|
|2 year to 9 year||$25.00 per year|
|Monthly online statement||Free|
|Monthly paper statement||Free|
When does the HISA 3.30% offer expire?
While the rate is subject to change at any time, we are committed to maintaining a competitive market rate for the foreseeable future.
How can I deposit money into my savings account?
You can deposit money into your High Interest Savings Account (HISA) by linking the account with your other financial institution or by transferring money from your B2B Bank Chequing Account.
What makes us different
You’re independent. Your finances should be too.
At B2B Bank, we believe that all Canadians should have access to a financial professional because the right advice, a sound financial plan and the right solutions are vital to financial health.
1 B2B Bank HISA rates as of January 1, 2020. 3.30% interest rate applies to deposits up to and including $500,000 and 1.25% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.
2 Other fees may apply. Please see fee schedule for further details.
3 B2B Bank is a member of the CDIC. To be eligible for deposit insurance, deposits must be held in Canadian currency and payable in Canada. To find out more about deposit insurance from the CDIC, including what instruments and/or products are eligible for deposit insurance, visit cdic.ca or call 1-800-461-CDIC (2342). For a copy of the CDIC brochure Protecting Your Deposits, visit b2bbank.com.
4 Interest is calculated daily on the closing overdrawn balance and charged monthly. Each month you will deposit an amount that will cover the monthly overdrawn interest.
5 Inactive account notices will be sent at two, five and nine years of inactivity. If inactive notice is acknowledged within 60 days, there is no charge. If the balance of the dormant account is less than the fee to be collected, the charges correspond to the remaining balance.
B2B Bank is a wholly-owned subsidiary of Laurentian Bank of Canada. All fees are subject to applicable federal and provincial taxes when applicable and may change without prior notice.
B2B Bank does not provide investment advice to individuals or advisors.
®B2B BANK and B2B Bank HISA® are registered trademarks of B2B Bank.