What is the interest rate for the savings feature?

Our best everyday interest rate
With the PC Money™ Account savings feature, you’ll earn a competitive, everyday interest rate that isn’t promotional. This rate is designed to help you grow your savings over time, so your money goes further. Some banks offer promotional rates, they start with a high rate and drop sharply after a few months. But with the savings feature, you don’t have to worry about any dramatic drops or expiration.

While this rate isn't promotional, it is subject to change. We remain committed to providing you with our best possible rate, taking into account the Bank of Canada’s rate movements.

No catches, just rewards
You can enjoy everyday growth on your savings balance with no catches! Unlike many banks, our rate is not subject to additional conditions like no monthly fees, no minimum balance or commitment required.

How to calculate your interest
For example, with a 4.0% interest rate, a $10,000 deposit will earn you $400 in one year. Since interest is calculated daily and paid monthly on your savings balance, you will receive $33.33 monthly.

To review the latest rates available visit https://www.pcfinancial.ca/en/legal-stuff/pcsavings-interest-rates/ (opens in a new window).