IG HISA interest rates

 

Daily closing balance

Regular interest rate

Balance up to $24,999

0.65%

Balance $25,000 - $49,999

2.15%

Balance $50,000 - $99,999

2.15%

Balance $100,000 and over

2.20%

 

The IG High Interest Savings Account is offered through IG Wealth Management Inc. Funds deposited through the program will be placed with one or more financial institutions that are members of the Canada Deposit Insurance Corporation (“CDIC”). Eligible deposits are insured by the CDIC, subject to the CDIC’s rules and coverage limits. Coverage is generally limited to $100,000 per depositor per insured category at each CDIC member institution, including principal and interest. The IG High Interest Savings Account is also available for registered and corporate accounts; however, interest rates for these account types may differ. Interest rates are expressed on an annual basis and are subject to change at any time without prior notice. Interest is calculated daily on the applicable balance at the interest rate in effect for that day and is paid monthly.


Additional resources 

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Automate Your Savings
By Diane Peters • March 1

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Why you need to build an emergency fund
By IG Wealth Management • March 16

An emergency fund is an essential part of any budget. Many agree that it should ideally be between three to six months’ worth of household expenses.

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What is an RESP? And how can it help pay for your kids’ education?
By IG Wealth Management • November 13

RESPs offer a great way to save for a child’s education, with government grants and tax-free growth. Here’s how they work and how to make the most of them.

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What is a TFSA? And why it should be part of your financial plan
By IG Wealth Management • May 2

Tax-free savings accounts allow your savings to grow considerably. Find out why they should be part of your financial plan.

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Frequently asked questions about the IG HISA

  • What is a HISA account?

    It’s a high-interest savings account (HISA) designed to help you earn  higher interest rates compared to traditional savings accounts.

  • Who is a HISA account best suited for?

    It’s ideal for customers looking to earn higher interest on their savings with low risk while maintaining flexibility for withdrawals. It can be used for emergency funds, major purchases, travel, education expenses and other short-term financial goals.

  • How is interest calculated on a HISA account?

    Interest is calculated daily — based on your closing balance — and is credited monthly (or as specified). Rates are usually variable and can change based on market conditions.