This week’s highest savings account and guaranteed investment certificate rates

The evolution of savings rates depends on future Bank of Canada moves and regulatory changes.

Savings account rates and GIC rates across Canada held steady this week as the prime rates remained unchanged, while Canada government bond returns rose from last week . High-interest savings accounts and guaranteed investment certificates (GICs) continue to offer stable yet flexible returns.

The best savings account promotional rate of 4.70 per cent is from Meridian Credit Union and is available for four months. The Scotiabank savings account offers a three-month base promotional rate of 4.65 per cent. BMO, RBC and CIBC have a promotional rate of 4.60 per cent. BMO offers it for four months, while RBC and CIBC offer it for three months.

Among non-promotional high-interest savings accou