Here are the best bank accounts in Canada for 2026

It can be overwhelming to research the best bank accounts in Canada to sign up for, with companies offering different perks and features.

Whether you’re a student or newcomer looking for the best bank accounts in Canada to meet your requirements, then look no further than the latest award-winning banks. Online financial platform Ratehub has released its 2026 Personal Finance Awards list, which features some noteworthy winners.

“Whether you’re a cautious saver aiming to boost your returns or an investor focused on growing your portfolio, while keeping fees low, this year’s award winners can help you get closer to your financial goals,” reads the report.

The awards list highlights the best banking and investment accounts across 13 categories to help Canadians decide which one is the right fit.

Best Chequing Account

Winner: EQ Bank Personal Account

EQ Bank earns the title of best chequing account thanks to its flexibility and ability to earn interest, while using it as both a chequing and savings account. It’s a low-cost choice for those who prefer digital banking. There are no monthly fees or minimum balance required. You can also enjoy unlimited transactions, such as free Interac e-Transfers. The account also comes with a prepaid Mastercard with cash back, free ATM withdrawals, and no foreign exchange fees.

Best banking offer for newcomers

Winner: Simplii Financial No Fee Chequing Account

New to Canada? Simplii’s chequing account takes the win as it offers zero fees, easy online setup, access to CIBC ATMs, and a welcome cash bonus for eligible new clients.

Best Student Bank Account

Winner: Scotiabank Student Advantage Plan

Scotiabank earns the award this year for offering the best student bank account, which gives students the flexibility to manage their money while earning Scene+ rewards on everyday purchases. To add to those perks, there are no monthly fees. It also comes with a fee waiver on the first year on select Scotiabank credit cards and unlimited debit transactions and Interac e-Transfers.

Best high-interest savings account

Winner: EQ Bank Personal Account

For Canadians looking to maximize their savings, it’s worth looking into EQ Bank’s high-interest savings account, which offers strong rates and a fee-free structure. Set up direct deposit to boost your rate and watch your savings grow. This account has no monthly fees or minimum balance requirements. It offers free transfers for withdrawals and deposits and comes with Canada Deposit Insurance Corporation (CDIC) insurance to cover your balance.

Best TFSA

Winner: Tangerine Tax-Free Savings Account

If you’re looking to contribute to your Tax-Free Savings Account (TFSA), Tangerine is your best choice. The account is a standout as it gives you access to your money without any transaction fees or minimum balance requirements. It comes with tax-free interest and withdrawals, as well as the convenience of being able to manage it online.

Other winners this year include:

Best one-year Non-Registered GIC

Winner: MCAN Wealth

Best five-year Non-Registered GIC

Winner: MCAN Wealth

Best one-year Registered GIC

Winner: Oaken Financial

Best five-year Registered GIC

Winner: Oaken Financial

Best Big Bank Guaranteed Investment Certificate (GIC)

Winner: CIBC

Best Robo Advisor 

Winner: JustWealth

Best Online Brokerage 

Winner: Questrade

Best RRSP Savings Account

Winner: Tangerine RSP Savings Account

Looking for the best credit card? Ratehub also recently released the winners of its 2026 credit card awards.

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