Rate card
What Canadian businesses actually get.
Every rate below was read off the institution’s own published disclosures. Where an institution publishes nothing, we say so.
- Bank of Canada overnight rate
- 2.25%
Held at the July 15, 2026 decision. Next decision September 2, 2026.
- Canadian prime
- 4.45%
The reference point banks negotiate business rates against, usually privately.
- Rates verified
- July 28, 2026
CAD rates. USD rates verified August 13, 2026. Rates move; this page carries its dates.
Expectation and reality
01
The actual problem
3
Institutions in this table publish no business savings rate at all. You cannot compare what nobody will quote you.
The CAD table
02
Every CAD rate we track.
Read the notes. A headline rate with a paper application behind it, or a cap that stops well below your balance, is a different product than the number suggests.
Published business deposit rates
All rates annual. Verified July 28, 2026.
Fintech business accounts
Where a lot of startup cash actually sits day to day.
- Loop0%
Business account · CAD
Pays no interest on balances.
- Keep0%
Business account · CAD
Pays no interest on balances.
- Venn2%
Business account · CAD
Base rate.
- Wise2.22%
CAD business balance · CAD
Rate page was self-dated February 2026 when checked; may be stale.
- Wealthsimple1.25%
Business account · CAD
1.25% to 2.25%, tiered on total assets held on the platform.
- Float3.5%
Business account · CAD
Advertised as 'up to 3.5%' for the first year. Promotional.
Challenger banks and trust companies
The better published rates. Onboarding is where they lose you.
The big five
Three of the five publish no business savings rate at all.
- TD1.87%
Business savings (tiered) · CAD
Effective blended rate at a $500,000 CAD balance. The 2.85% headline tier needs $5M+.
- BMO3%
Business savings (promo) · CAD
Promotional rate to October 31, 2026. Base rate not published.
- RBCNot published
Business savings · CAD
Publishes no business savings rate.
- ScotiabankNot published
Business savings · CAD
Publishes no business savings rate.
- CIBCNot published
Business savings · CAD
Publishes no business savings rate. Negotiates privately: prime minus 2% CAD (about 2.45%) has been reported by a founder with a wealth-management relationship.
Notes
- 1
EQ Bank, Business account. Requires an existing EQ personal account opened with the same email. GICs capped at $100,000 CAD each, 20 per business, $2,000,000 CAD aggregate. Not available in Quebec.
- 2
Oaken (Home Trust + Home Bank), Business savings. Commercial onboarding is paper-based: download an application and mail it in.
- 3
Oaken (Home Trust + Home Bank), 1-year GIC (business). Same paper onboarding. Two CDIC member institutions under one brand, so coverage can reach $200,000 CAD.
The USD picture
03
USD is where the gap is widest.
A big bank’s USD business chequing pays 0.000% on every tier to $5,000,000 USD. Insured liquid USD tops out at 0.90% published. Insured USD terms pay 3.45% to 4.00%. That spread is why a USD plan leans on terms.
Published business USD rates
All rates annual. Verified August 13, 2026.
Insured USD deposits
All CDIC members. USD deposits are covered to the CAD-equivalent of $100,000 CAD, roughly $71,000 USD at 1.40.
- Tangerine10.9%
US$ Business Savings Account · USD
No minimum balance, no monthly fee. The only published insured business USD savings rate we found.
- Tangerine24%
US$ Business Guaranteed Investment (GIC), 1-year · USD
Shorter terms: 90-day 3.45%, 180-day 3.65%, 270-day 3.80%. Early redemption on 1-year-plus terms pays 0.25%; no early-redemption rate is published for sub-year terms.
- ICICI Bank Canada33.85%
Business USD term deposit, 1-year (non-redeemable) · USD
Shorter terms: 1-month 2.25%, 3-month 3.60%, 6-month 3.85%. Minimum $1,000 USD.
- ICICI Bank Canada0.25%
Business Savings Account (USD) · USD
Interest on the daily closing balance, paid monthly. The CAD side of the same account pays 0.40%. No as-of date is printed on the savings table.
Where USD operating cash usually sits
The published anchor for what doing nothing pays.
- TD0%
U.S. Dollar Business Chequing Account · USD
0.000% on every tier up to $5,000,000 USD, from TD's own business rate sheet. USD operating cash at a big bank earns nothing.
Benchmark, no deposit insurance
Safeguarded e-money with a strong liquid rate. We track it as the rate to beat; we never place money there.
- Wise3.14%
USD business balance (interest feature) · USD
Fully liquid, paid monthly, starts at 1 USD. Rate page was self-dated February 25, 2026 when checked; may be stale.
Notes
- 1
Tangerine, US$ Business Savings Account. Sign up as a personal client first; the first business account must be a CAD Business Savings Account, and later accounts open by phone. Moving dollars in and out needs a USD business chequing account at another institution.
- 2
Tangerine, US$ Business Guaranteed Investment (GIC), 1-year. Funded from the US$ Business Savings Account, so the whole Tangerine onboarding chain applies.
- 3
ICICI Bank Canada, Business USD term deposit, 1-year (non-redeemable). Non-redeemable before maturity. The redeemable-deposit tables on the same page are dated 2020 and look unmaintained.
A table tells you the spread. A report tells you what it costs you.
Put in your balances and rough monthly burn, in CAD and USD. We separate the buffer you need from the cash doing nothing, and price the difference.
Rates are checked against published disclosures and can change without notice. Nothing on this page is investment, legal, or tax advice.