Canadian Tire Bank – Another High Interest Savings Account Option

Thrifty Readers will know that Canadian Tire offers some attractive no fee credit cards….look no further than the Triangle World Elite Mastercard with the free Roadside Assistance Gold Plan which Thrifty used for free two jump starts this past winter.

You might be surprised to learn that Canadian Tire operates a bank!

Canadian Tire Bank, a CDIC insured deposit institution, offers a competitive high interest savings account, with a rate that makes it worthy of inclusion on our recommended list.

So, why would you consider opening a high interest savings account with Canadian Tire Bank?

There are a few reasons to keep in mind:

• a high everyday interest rate,

• no minimum balance requirements,

• no monthly fees and

• best of all: based on our research, it offers unadvertised promotions — but you have to be an account holder to receive an offer.

These features don’t move it to the top of our list but for readers that are looking for a worthy alternative to the Big Banks, Canadian Tire Bank is another option to keep in mind.