Hisa reviews from Reddit

Summary

We analyzed 179 Reddit reviews across 5 subreddits and 64 posts to rank the best Hisa brands recommended by redditors, including communities like r/PersonalFinanceCanada, r/AusFinance, r/fiaustralia, r/CanadianInvestor, r/personalfinance. Top-rated brands include EQ Bank (4.0/5), Wealthsimple (4.1/5), Tangerine (4.1/5).

Stats

Reviews179

Subreddits5

Posts64

Brands66

Products42

Top communities

r/PersonalFinanceCanada103 r/AusFinance55 r/fiaustralia12 r/CanadianInvestor6 r/personalfinance3

179 reviews from

and

By Brand

By Product

EQ Bank

4.0

(24)

"EQ Bank is my personal fav! Never had any issues."

"EQ Bank is the favourite in these parts. Consistently among highest interest available."

"Yes. EQBank is CDIC insures to 100K the same way BMO is."

"I use EQ Bank's 30-Day Notice Savings Account and have no complaints. It was over 5% when they first introduced it, but has has been nerfed many times because of the Bank of Canada rate cuts."

"EQ bank has a HISA at 5% I believe."

"I'm with EQ Bank, they offer 3.6% interest, no min balance or promo rates."

"I keep my emergency fund at EQ Bank. I don't chase rate promos personally."

"I like EQ bank. Not the highest HISA but the one I feel most comfortable with."

"EQ is just more stable with their rates (not bouncing up and down)."

"EQ Bank, CDIC insured, great interest rates."

Wealthsimple

4.1

(18)

"For hisa wearthsimple cash is best, unless you want to chase promos"

"I would strongly recommend Wealthsimple, as a Premium user myself."

"Wealthsimple with direct deposit is 4.5%."

"The WS Cash account (currently) gives better interest than EQ."

"Wealthsimple cash account."

"Wealthsimple if you do payroll deposits is 4.5 or 5 if you have 100k."

"Wealthsimple cash is my home base right now. They are giving 4% or 4.5% depending on amount"

"Wealthsimple has a 4% no fee account, 5% for accounts of a certain amount."

"Wealthsimple has a 4% no fee account."

"Wealthsimple 4% is popular in this sub."

Tangerine

4.1

(10)

"I have been swapping my RBC with Tangerine and have just done Simplii for their 6% for 5 months deal (glad I locked in at 6%!)"

"Every time my promo ends at tangerine I take it out the the very next day and they’ll email you soon enough with another 5%+ offer."

"I just made one with tangerine and it’s 6%."

"I personally have been moving my money between banks (BMO and Tangerine) chasing after promotions."

"Tangerine 4% for 5 months and Meridian 3.8% for 8 months are some of the best offers out right now."

"Tangerine 1 year gic. 4.5%."

"HISA with digital bank like EQ or Tangerine."

"Tangerine bank which will give you 2.5% for 177."

"Try Tangerine?"

"Tangerine sent me an email for 1.6% till March today."

UBank

4.5

(8)

"Ubank, no frills and best rate at least up to 100k"

"UBank is 5.5% on the balance up to 100k, 5% on the balance between 100-250k, and 0% on the balance >250k"

"Yup, 5.5% for the first 100k then 5.0% till 250k."

"UBank (5.50% pa) has the newest technological stack, it used to be known as 86400 which is was an online only bank purchased by NAB and rebranded to completely replace NAB's existing online offering."

"I thought UBank alone is pretty good, I may be wrong thought but they advertised 5.5% last I remember."

"UBank has just increased their savings account to 2.85%."

"I’ve been happy with them, the conditions are way easier than other banks I’ve seen."

"Ubank any day... BoQ is terrible in terms of interface, customer service and upcoming conditions."

HISA

4.4

(8)

"!HISATrigger"

"Up to date HISA accounts here."

"HISA is the safest place for that money to be."

"Money for income taxes should be in a HISA product since you have to pull it and you don't want less than what you put in."

"I personally use $HISA for my savings (net yield of 2.85%)"

"Could have higher return."

"I'd just leave it in the HISA."

"Park the money either in a regular high interest savings account (HISA) or a TFSA HISA."

Macquarie

4.3

(7)

"Maquarie is 5% up to 1 million with no add/withdrawals requirements and no cut off date for the rate"

"Macquarie at 5.5% for 4 months"

"5.35 for 4 months in a savings account"

"Macquarie has the same base interest rate (4.75%) for amounts up to $1m."

"I like simple, no hoop ones where there are no conditions. Things like, Macquarie, Rabo intro, etc."

"I went with Macquarie in the end personally."

"Macquarie gives you 3.10%for first 4 months. Then 2.25% after this period under 250k."

EQ

3.9

(7)

"Longtime EQ client here, big fan for ease of use and competitive HISA rates."

"EQ if you want easy GICs."

"EQ has the best combination of rate and usability."

"Use a digital bank such as EQ for HISA because of better interests rates."

"EQ has stable rates compared to some others."

"If they're not using it for a year, maybe consider the 1.7%/3 Month GICs that EQ sells."

"EQ is currently 1.5% but Tangerine has an offer for 2% for a limited period."

BOQ

4.2

(5)

"BOQ has a youth saving account which earns up to 2.85% on balances up to $10,000."

"A few no conditions with high limit (up to 1m) is BOQ Simple Saver (4.85%)."

"Would recommend for the 3%."

"First $10k, BOQ Fast Track Starter. Each month, make sure to put $200 in there and make 5 eligible transactions to get the rate."

"From memory BOQ is the best for under 23 but you do have to fulfill their requirements."

CommBank

4.5

(4)

"CommBank offers 5.1-5.3 depending on the deposit size"

"I think CommBank offers 5.1-5.3 depending on the deposit size."

"Commbank over 4.9% on their goalsaver for over a mill."

"Commbank GoalSaver is 4.9 per cent no limit."

#10

Motive

3.8

(4)

"I've found Motive to have the best rates long-term. They presently offer 4.1%."

"Motive is now offering 3% on their HISA. I've been with Motive for a few years now, they're good."

"You can look into Motive financial — they have a 2.8% non reg HISA."

"Motive @ 2.2% has the highest non-promo rate."

#11

Up

4.7

(3)

"I'll shill for Up. 1.85% if you use the card 5 times in a month."

"I recently opened an Up account which has a transaction account and linked multiple savings accounts- bonus rate of 2.25%."

"I love up bank, but I think for me a lot of the value comes from using it as a daily account."

#12

Hiver

4.7

(3)

"Hiver is pretty good and simple has no limit."

"Hiver will pay 5.5% on balance up to $5m."

"Hiver paying 5.25% currently."

#13

ING

3.5

3.0

(1)

"Lbc capital also offers 1.15%."

#66

Citi

3.0

(1)

"Citi has a good introductory rate for up to $500k at 2.1%."

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