Rate guide · Ontario · data as of 2026-10-16

Best TFSA rates in Ontario

Today's big game in Ontario: the highest TFSA rates from the banks, credit unions and trust companies that serve it, eligibility-checked before they're listed.

See top rates ↓ · All TFSA rates

Current #14.50%Oaken Financial

Top TFSA GIC rates in Ontario

Best TFSA-eligible GIC rate per institution across the standard 1–5-year terms.

  1. 1Oaken Financial5-year GIC4.50%
  2. 2Saven Financial5-year GIC4.50%
  3. 3Wealth One Bank of Canada5-year GIC4.50%
  4. 4Achieva Financial5-year GIC4.30%
  5. 5EQ Bank5-year GIC4.25%
  6. 6Hubert Financial5-year GIC4.25%
  7. 7MAXA Financial5-year GIC4.25%
  8. 8Outlook Financial5-year GIC4.25%
  9. 9Tangerine Bank5-year GIC4.25%
  10. 10Canadian Tire Bank5-year GIC4.20%
  11. 11Concentra Bank5-year GIC4.20%
  12. 12Home BankVia Broker5-year GIC4.16%
  13. 13Home TrustVia Broker5-year GIC4.16%
  14. 14Equity Credit Union5-year GIC4.15%
  15. 15Pathwise Credit Union2-year GIC4.10%

Top TFSA savings rates in Ontario

TFSA savings accounts — liquid, tax-free growth, rate can change.

  1. 1Meridian Credit UnionSavings4.40%
  2. 2Wealth One Bank of CanadaSavings3.00%
  3. 3Saven FinancialSavings2.85%
  4. 4Oaken FinancialSavings2.80%
  5. 5Hubert FinancialSavings2.50%
  6. 6Parama Credit UnionSavings2.50%
  7. 7Canadian Tire BankSavings2.40%
  8. 8WFCU Credit UnionSavings2.10%
  9. 9Equity Credit UnionSavings2.05%
  10. 10MAXA FinancialSavings1.95%

Ontario TFSA questions

Who has the best TFSA rate in Ontario right now?

Oaken Financial currently posts 4.50% (5-year GIC) — the highest rate we track from institutions serving Ontario, data as of 2026-10-16.

Are these rates open to people in Ontario?

Yes — that's the point of this page. Every institution listed serves Ontario: we check each one's membership eligibility and service area before it can appear, rather than listing national rates you may not qualify for.

Are these deposits insured?

Yes. Bank deposits are CDIC-insured up to $100,000 per category; credit-union deposits are covered by Ontario's provincial fund — see deposit protection in Ontario and our deposit-insurance guide.

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