Our Rates

Our interest rates are highly attractive because they’re generally higher. It’s that simple. We can help you combine any of these great opportunities to earn more, save faster and reach your goals sooner. Please note that rates are subject to change without notice.

High Interest Savings Accounts (HISA)

High Interest Savings Accounts
Product Today's Rate
Zag Savings 1.65%
Zag Tax-Free Savings 1.65%
Zag RRSP Savings 1.65%

How your interest is calculated

Your Zag 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.


Guaranteed Investment Certificates (GICs)

Guaranteed Investment Certificates (GICs)
Product Today's Rate
Zag GIC
6 months 0.75%
9 months 0.80%
1 year 1.20%
2 years 1.30%
3 years 1.50%
4 years 1.60%
5 years 2.00%
Zag Tax-Free GIC
6 months 0.75%
9 months 0.80%
1 year 1.20%
2 years 1.30%
3 years 1.50%
4 years 1.60%
5 years 2.00%
Zag RRSP GIC
1 year 1.20%
2 years 1.30%
3 years 1.50%
4 years 1.60%
5 years 2.00%

How your interest is calculated

For 1 to 5-year term Zag GICs, interest is annualized, calculated daily, compounded monthly* and paid depending on the interest payment option selected by you. You have the option to have interest paid out to your Zag Savings Account (or to the External Account from which the funds originated if you don’t have a Zag Savings Account) either monthly, semi-annually, annually or at maturity (*if you choose the monthly payment option, interest is not compounded and becomes calculated as simple interest). For the Zag Tax-Free GIC and Zag RRSP GIC, interest is annualized, calculated daily, compounded monthly and paid at maturity for 1 to 5 year terms. For 6 and 9 month term GICs, interest is calculated daily and paid at maturity to your Zag Savings Account (or the External Account from which the funds originated if you don’t have a Zag Savings Account). Interest is calculated as simple interest on 6 and 9 month GICs and therefore is not compounded. The applicable interest rate is determined on the date on which Zag Bank receives your funds.

There is another way

There is another way

We built Zag Bank from the ground up with no fees or hassles. That’s why we can offer superior rates and fast, easy ways to bank with us.

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