Updated March 2026
Savings Account Interest Rate in Canada (2026)
4.20%
Ranked #75 of 160 • Global avg 5.10%
Top retail savings accounts in Canada currently yield around 4.20%, below the global average of 5.10%.
Among the 30 economies tracked by NoodlePants, Canada ranks #75 for savings rate — near the bottom of the global ranking.
A $10,000 deposit at 4.20% would earn about $420 in interest per year, before tax.
All financial metrics for Canada
Where Canada ranks globally
#1Turkey
57.60%
#2Argentina
34.86%
#3Venezuela
24.00%
#4Egypt
19.16%
#5Uzbekistan
18.12%
#6Kazakhstan
14.00%
#7Honduras
12.44%
#8Madagascar
12.08%
#9Sudan
12.00%
#10Kenya
11.98%
#11Nigeria
11.27%
#12Georgia
10.59%
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