High Interest Savings Account Frequently Asked Questions
What are the advantages of the C I Direct Investments High Interest Savings Account?
- Earn 1.75% interest. No promotional rates.
- No charges. No catch. All transactions are completely free.
- No minimum. Deposit as much or as little as you want.
How is interest calculated and paid? Interest rates are annual, calculated daily, paid monthly and are subject to change without notice.
What do you mean by "no promotional rates"? Unlike other high interest savings accounts which offer an introductory rate which may expire after a period of time and default to a lower long term rate, the rate we offer does not expire.
Will the interest rate ever change? We don’t use promotional rates (meaning your rate isn’t reduced after a predefined promotional period), and the rate we offer fluctuates with changes to the policy rate set by the Bank of Canada. So, as the policy rate changes, so too will the rate on your savings.
Are any fees charged on the balance held in the savings account? The CI Direct Investing High Interest Savings Account is completely free!
How long will -t it to withdraw account funds? Your withdrawal request will be processed within 3 business days of receipt of your request (subject to initial blocks on new deposits).
Is my money protected? Sure! All CI Direct Investing custodians (National Bank Independent Network, CI Investment services and Credential Qtrade Securities) are members of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (FCPE), which provides limited protection to account customers, in the event of custodian insolvency up to $1 million per category of account type.
Cash and securities held in your account are protected by the Canadian Investor Protection Fund, within specified limits, up to C$1,000,000 through our third-party custodians, should they become insolvent. Visit CIPF to learn more .
What is the best use of this account? We recommend our savings account for situations where the safety of your money is of the utmost importance - like when you're saving to buy a house or a car.
Can I use this savings account for my registered savings (RRSP, TFSA, etc.)? Although registered accounts (such as RRSP, TFSA, etc.) do not qualify for this particular account type, we offer similar solutions described below.
What is available for registered accounts? We will continue to offer a savings portfolio containing the CI First Asset High Interest Savings ETF , which offers a similar investment option for registered accounts.
How many savings accounts can I open? Each customer can open a savings account.
Can I open a joint savings account? Only individual accounts are eligible at this time.
Can I open this type of account on my mobile device? Yes, it is possible to open a high interest savings account on the CI Direct Investing mobile app.
Is the savings account available in USD? It is only available in Canadian dollars.
What is the history of rate change?
| 12/03/2025 |
1.75% |
| 29/01/2025 |
2.00% |
| 11/12/2024 |
2.25% |
| 10/23/2024 |
2.75% |
| 09/04/2024 |
3.25% |
07/24/2024
|
3.50%
|
06/05/2024
|
3.75%
|
| 07/18/2023 |
4.00% |
| 01/30/2023 |
3.75% |
| 12/13/2022 |
3.60% |
| 10/27/2022 |
3.55% |
| 09/08/2022 |
3.50% |
| 07/13/2022 |
2.75% |
| 06/01/2022 |
1.75% |
| 04/13/2022 |
1.25% |
| 03/03/2022 |
0.75% |
| 04/01/2020 |
0.50% |
| 08/14/2019 |
2.00% |