Skip to main content
scf

Banking · Reviews

Advertiser disclosure

We may receive compensation when an active issuer partnership is disclosed. Compensation does not change the SCFinance comparison score, our picks, or where a card ranks. Read our full disclosure.

Tangerine Savings Account review

A long-running online bank whose base rate is modest but whose new-client promo rates are among the most aggressive.

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 11, 2026 Fact checkedEditorial integrity

The bottom line

A long-running online bank whose base rate is modest but whose new-client promo rates are among the most aggressive.

SCFinance score4.3
T

Tangerine Savings Account

Interest rate
0.70% (promo rates for new clients)
Monthly fee
$0
Minimum to open
$0

Pros

  • Frequent high promo rates
  • Scotiabank ATM access
  • No monthly fee

Cons

  • Base rate drops sharply after the promo
  • Promos usually new-money only

Details

Monthly fee
$0
ATM network
Scotiabank

What you get

  • No monthly fees
  • Access to Scotiabank ATMs

Compare to alternatives

EQ Bank Personal Account

SCFinance score4.8

Interest rate

3.50%

Monthly fee

$0

Minimum to open

$0

Details
Monthly fee
$0
Minimum balance
None
e-Transfers
Free, unlimited
What you get
  • No monthly fees and no minimum balance
  • Unlimited free Interac e-Transfers
  • CDIC insured up to $100,000
Our take

A high everyday rate with no monthly fee and no minimum balance, the default pick for parking cash in Canada.

Read our full review

Wealthsimple Cash

SCFinance score4.6

Interest rate

2.75% (up to 4.00% at higher tiers)

Monthly fee

$0

Minimum to open

$0

Bonus for new depositsCash bonus when you fund a new account. Terms apply.

Details
Monthly fee
$0
Card
Included prepaid card
What you get
  • Spending and saving in one balance
  • Rate increases with total assets
Our take

A chequing-savings hybrid with a competitive rate that climbs as you bring over more assets.

Read our full review

← Back to Banking