Canada's Highest Interest Paying Accounts
	Friday, June 23, 2006. Toronto - Here is a list of financial institutions which pay a lot more interest on your savings than your day to day neighborhood banks. There might be other institutions or credit unions which pay more than those mentioned on this list because of I only list those which are easily accessible, available throughout Canada and offer online services. If you come across anything which falls under above criteria but not mentioned here, please feel free to send it via email and I will add it to this list. No compensation in any form was received from any of these institutions mentioned here. 1. ICIC Bank HiSAVE Savings Account - Interest rate is 3.50%.  Currently the best deal in Canada. ICIC Bank offers 3.50% interest on both C$ and US$ accounts. Deposit more than $100 and you will get a $20 bonus. Web address is www.icicbank.ca 2. Citizens Bank Ultimate Savings Account – Interest rate is 3.20%. Citizens Bank offers some additional features than its competitors.  Unlimited account transfers to internal or external checking accounts and also offers four free ATM withdrawals per month. Website is easy to navigate. Web address is www.citizensbank.ca 3.  ING Direct Investment Savings Account – Interest rate is 3.15%. This is the bank which made online banking and high interest account popular worldwide.  Headquartered in Amsterdam and one of the 20 largest financial institutions in the world. Web address is www.ingdirect.ca 4. HSBC Bank High Rate Savings Account - Interest rate is 3.15%.  Deposit more than $100 between May 29 and June 30 and you will get a $25 bonus. HSBC charges $5 to process a debit transaction (except transfers from High Rate Savings Account to another HSBC account in the same name). Web address is www.hsbc.ca 5.  President Choice Interest First Savings Account – Interest rate is 3.05%.  Canada’s favorite and owned by Loblaws.  Provides additional features than competitors. You can bank at local Loblaws (where they have small booths – called Pavilion) and also can use CIBC’s ATM machines for unlimited transactions without ever paying any charges. Web address is www.pcfinancial.ca