High Interest Savings Account (HISA)

The Zag Savings account is our most flexible savings tool. There are no restrictions on when you can access your money. That means your savings will always be available to you. As your money grows, you enjoy a high interest rate that actually stays high on every dollar, with no annoying conditions. Plus, there are no savings account fees.

Zag Savings

The Zag Savings account is designed to make it easy for you to save, earn interest, access and manage your money from any internet-enabled device. That makes it a great place to save for things such as renovations, vacations, education or even for a rainy day.

Zag Savings
Product Today's Rate
Zag Savings 1.65%
Open an account

What’s in it for you?

You get one great rate that stays high with no minimum deposit, no conditions and no hassles.

’No fees’ means you save your money— all of it.

What you get Fee
Account opening and closing Free
Mobile and Online Banking Free
Online statements Free
Retrieval of past statements through Zag Bank Online Banking Free
Deposits by using SnapCheque or by mail Free
Transfers between your Zag Bank accounts Free
Transfers between a Zag Bank account to / from another Canadian bank account Free
Pre-authorized transfers to a Zag Bank account (Set and Save feature) Free
Customized, automatic alerts and notifications Free

Your Zag Savings interest is calculated daily, at the end of the day, and paid monthly into your account on the last business day of the month. Interest will be calculated as soon as the funds are received by Zag Bank and deposited in your Zag savings account. The applicable interest rate is determined on the date on which Zag Bank deposits your funds to your Zag savings account.

The interest rate on your Zag savings account is subject to change at any time without prior notice at our sole discretion.


Zag Tax-Free Savings

With a Zag Tax-Free Savings Account you can save without paying tax on the interest you earn. And since you can open, access and manage your account from any device, it’s a great way to save for the future.

Zag Tax-Free Savings
Product Today's Rate
Zag Tax-Free Savings 1.65%
Open an account

What’s in it for you?

Earn high, tax-free interest on every dollar. Use our Set and Save option to maximize your annual contribution limit.

’No fees’ means you save your money— all of it.

(1) Please note that your other financial institution might charge for funds going out of your external bank account.

What you get Fee
Account opening and closing Free
Mobile and Online Banking Free
Online statements Free
Retrieval of past statements through Zag Bank Online Banking Free
Deposits by using SnapCheque or by mail Free
Transfers between your Zag Bank accounts Free
Transfers between a Zag Bank account to / from another Canadian bank account (1) Free
Pre-authorized transfers to a Zag Bank account (Set and Save feature) Free
Customized, automatic alerts and notifications Free

Your Zag Tax-Free Savings interest is calculated daily, at the end of the day, and paid monthly into your account on the last business day of the month. Interest will be calculated as soon as the funds are received by Zag Bank and deposited in your Zag savings account. The applicable interest rate is determined on the date on which Zag Bank deposits your funds to your Zag savings account.

The interest rate on your Zag savings account is subject to change at any time without prior notice at our sole discretion.


Zag RRSP Savings

The Zag RRSP savings account is a great way to add steady, reliable growth to your retirement plan. Because the interest you earn in your RRSP is tax-deferred, you can watch your savings grow faster over time.

Zag RRSP Savings
Product Today's Rate
Zag RRSP Savings 1.65%
Open an account

What’s in it for you?

Save on taxes this year and earn high interest toward your retirement goal. Use our Set and Save option to maximize your annual contribution limit.

’No fees’ means you save your money— all of it.

(1) Please note that your other financial institution might charge for funds going out of your external bank account. 

What you get Fee
Account opening and closing Free
Mobile and Online Banking Free
Online statements Free
Retrieval of past statements through Zag Bank Online Banking Free
Deposits by using SnapCheque or by mail Free
Transfers between your Zag Bank accounts Free
Transfers between a Zag Bank account to / from another Canadian bank account (1) Free
Customized, automatic alerts and notifications Free

Your Zag RRSP Savings interest is calculated daily, at the end of the day, and paid monthly into your account on the last business day of the month. Interest will be calculated as soon as the funds are received by Zag Bank and deposited in your Zag savings account. The applicable interest rate is determined on the date on which Zag Bank deposits your funds to your Zag savings account.

The interest rate on your Zag savings account is subject to change at any time without prior notice at our sole discretion.

Zag Savings, Zag RRSP Savings or Zag Tax-Free Savings?

All of these options can help you earn high interest and reach any number of financial goals. Each one comes with its own set of advantages and opportunities.

The Zag Savings account offers great flexibility. You earn high interest and you can withdraw your money at any time. It’s a great way to save for any of your short-term goals.

The Zag RRSP savings account is a long-term investment in your future. The Zag RRSP savings account is a long-term investment in your future. Learn more on Registered Retirement Savings Plans.

The Zag TFSA Savings account provides an excellent opportunity to earn tax-free interest. You can withdraw your money at any time and put it back in your TFSA the following year if you have sufficient contribution room. Learn more on Tax-free Savings Accounts.