Home / Cash management
CASH MANAGEMENT
Compare business accounts and savings options that pay interest on your balance, so cash that sits still keeps working.
accounts compared
Standard rates, before tax
7 accounts in Canada
Fintech account · Interest on CAD and USD
One flat rate on CAD and USD
Float pays a flat 2.5% on all CAD and USD balances, with no minimums, no spending thresholds and no monthly fees. Funds are held in trust accounts at CDIC-member institutions.
2.5% standard rate
Interest
2.5%
On CAD and USD balances
Monthly fee
C$0
No minimums
Currencies
CAD, USD
Hold and convert
Fintech account · Interest on CAD and USD
Interest on four-currency business banking
Venn pays a standard 2% on CAD and USD balances with no minimums or caps, plus a promotional boost on net-new balances for 12 months. CDIC protection is through BMO.
2% standard rateup to 3.5%
Promo · 2.75% CAD and 3.00% USD on new balances for 12 months (up to 3.5% USD over US$1M)
Standard rate
2%
On CAD and USD
Promo
Up to 3.5%
New balances, 12 months
Currencies
4
CAD, USD, GBP, EUR
Licensed bank · High-interest business account
High interest from a licensed bank
EQ Bank’s Business Account pays 2.25% on all balances with no monthly fee or minimum, up to 10 sub-accounts, and Business GICs from 2.50% (3 months) to 3.50% (2 years).
2.25% standard rate
Interest
2.25%
On all CAD balances
Business GICs
2.50–3.50%
3 months to 2 years
Monthly fee
C$0
No minimum balance
Licensed bank · Tiered business savings
Tiered savings in CAD or USD
BMO’s Business Premium Rate Savings Account pays tiered interest that rises with your balance, in Canadian or US dollars, with no lock-ups. BMO also runs promotional rates on new CAD deposits of C$10,000 or more.
1.5% standard rate
Promo · Promotional rate on new CAD deposits of C$10,000+ for BMO Business Banking clients (limited time)
From
1.50%
Under C$10,000
C$60K+
2.20%+
Higher tiers above
Currencies
CAD, USD
Separate accounts
Fintech account · Interest by asset level
Interest that rises with your total assets
Wealthsimple Business Chequing has no monthly fee and pays 1.25% under C$100,000 in combined Wealthsimple assets, rising to 2.25% at C$500,000 or more.
1.25% standard rateup to 2.25%
Interest
1.25–2.25%
By total Wealthsimple assets
Monthly fee
C$0
Up to 8 accounts
Protection
C$100,000
CDIC per business entity
Licensed bank · Reserve savings
Reserve savings in CAD or USD
Scotiabank’s Business Investment Account is built for surplus cash between C$25,000 and C$50 million, with tiered rates in CAD and USD that reach 2.25% CAD and 3.05% USD at the highest balances.
Top CAD tier
2.25%
C$7.5M+
Top USD tier
3.05%
US$7.5M+
Monthly fee
C$0
Reserve account
Licensed bank · Tiered business savings
Big-bank savings that pay more as you grow
National Bank’s Business Investment Account pays tiered interest on CAD balances, from 1.25% under C$20,000 (including a rate bonus), rising with your balance.
1.25% standard rate
From
1.25%
Under C$20,000
C$100K+
1.70%+
Higher tiers above
Monthly fee
C$0
Business savings
Standard big-bank business savings often pay about 0.01%
What you earn now · 0.01%C$25 / yr
Float Business Account · 2.5%C$6,250 / yr
EQ Bank Business Account · 2.25%C$5,625 / yr
Venn Business Account · 2%C$5,000 / yr
BMO Business Premium Rate Savings · 1.5%C$3,750 / yr
Wealthsimple Business Chequing · 1.25%C$3,125 / yr
Based on standard rates; tiered and promotional rates vary.
Sources: provider published product information recorded by Treasi. How we rate · Editorial policy · Compare business banking
Compare the ongoing return on your actual balance, alongside access, currencies and protection.
Standard rates apply on an ongoing basis; promotions temporarily boost the rate and may apply only to new deposits.
Check the tier for your actual balance, not just the highest advertised rate.
Keep operating cash accessible and check withdrawal timing and any term-deposit lock-ups.
Compare the rate and account terms separately for each currency you hold.
Check the institution holding your deposits, eligible coverage and limits.
Every rating comes from the provider’s published terms, checked against official sources and dated. Partners and non-partners are rated the same way.
It’s how a business manages the money it holds: keeping enough on hand to pay bills and payroll, and putting cash it doesn’t need right away somewhere it earns interest without losing access.
Many big-bank business savings accounts pay very little on standard balances, often around 0.01%, while several fintech and online accounts pay about 2% to 2.5% on every dollar. Rates change, so compare current rates.
A standard rate applies to your balance on an ongoing basis. A promotional rate is a temporary boost, often on new deposits only and for a set period, after which the standard rate applies.
Tiered accounts pay different rates depending on your balance. Higher balances usually earn more, so check the rate for your actual balance, not just the top tier.
CDIC protects eligible deposits at member institutions up to C$100,000 per insured category. Fintechs often hold funds through partner institutions, so check how each provider holds and protects your money.
A GIC can pay more in exchange for locking money for a set term. Many businesses keep operating cash accessible and put cash they won’t need for months into a term deposit.
