New Brunswick residents can grow savings faster with the right HISA. Compare top savings account rates for NB — TFSA, RRSP and more.
Ranked by overall value — rates, fees, features, and New Brunswick-specific benefits.
EQ Bank offers Canada's best everyday HISA rate at 3.00% — no fees, no minimums, no catch. CDIC insured up to $100,000. New Brunswick residents can open a Personal Account, TFSA Savings Account, or RRSP Savings Account entirely online in minutes. Free Interac e-Transfers included.
KOHO is Canada's smartest everyday spending account — earn up to 5% cashback on purchases, earn interest on your balance, and get a $100 sign-up bonus with code 45ET55JSYA. Ideal for New Brunswick residents who want their spending account to earn as much as their savings account.
Tangerine offers 5.00% for the first 6 months on new deposits — the highest short-term promo rate available to New Brunswick residents. After 6 months it drops to 0.50%, so use it for lump sums you're parking before a major purchase. No monthly fees, CDIC insured.
Simplii Financial (CIBC's digital bank) offers 0.40% on savings with periodic promotional rates for new money deposits. Seamlessly connects to CIBC ATMs. No monthly fees and CDIC insured — a solid option for New Brunswick residents already in the CIBC ecosystem.
Scotiabank's MomentumPLUS account adds bonus interest on balances held for 90+ days without withdrawal. Good for disciplined savers who want in-branch support in New Brunswick.
RBC's eSavings account earns 0.01% with periodic promos for new deposits. Best for New Brunswick residents who already bank with RBC and want seamless inter-account transfers. Watch for RBC's seasonal savings promotions.
New Brunswick's provincial tax rate means interest income is taxed at combined federal-provincial rates up to 53% in higher brackets. TFSA accounts are critical for NB savers — all interest earned is tax-free. Maximize your $95,000 cumulative room with EQ Bank's TFSA at 3.00%.
New Brunswick offers a Home Ownership Program that provides interest-free loans and down payment assistance to eligible low-to-moderate income buyers. Combine this with the federal FHSA ($40K) and RRSP HBP ($35K). New Brunswick land transfer tax applies at 0.5% of property value.
New Brunswick charges 15% HST. Choose no-fee bank accounts to minimize HST exposure on banking fees. EQ Bank charges no monthly fees, and KOHO's free tier is entirely fee-free for basic usage.
| Bank | Rate | Monthly Fee | CDIC | TFSA | Bonus |
|---|---|---|---|---|---|
| EQ Bank | 3.00% | $0 | Yes | Yes | — |
| KOHO | Up to 5% cashback | $0–$19 | Yes* | No | $100 |
| Tangerine | 5.00% promo / 0.50% | $0 | Yes | Yes | Varies |
| Simplii Financial | 0.40% / promos | $0 | Yes | No | Varies |
| Scotiabank MomentumPLUS | 0.01% + bonus | $0 | Yes | Yes | — |
| RBC eSavings | 0.01% + promos | $0 | Yes | Yes | — |
*KOHO deposits held at Peoples Bank of Canada, CDIC member. Rates subject to change.