Offical RFD thread for US Dollar Savings Accounts based in Canada (Updated 2021-NOV-11)

Things to Note:
- Rates were last updated as of the date in the thread title at the top.
- The order listed is from highest rate to lowest rate. If multiple accounts have the same rate, they will be listed in alphabetical order.
- These accounts are US Dollar accounts available at Canadian Financial Institutions. USA based accounts not listed.
- The rates are assumed to be earned on the full balance starting at $0.01 - Unless specifically mentioned.
- Interest is calculated on the daily closing balance and paid monthly unless stated otherwise.
- Only accounts available to all Canadians (except Quebec) will be listed.

Other Helpful Links:
- Canadian Dollar High Interest Savings Account Rates: HERE
- Canadian Dollar Tax Free Savings Accounts Rates: HERE

NOTE: Short Term Offers will be listed below in the thread summary after this first post (members please update as you see fit, and remove old ones, as I will not actively be updating the thread summary post)

EQ Bank - US Dollar Account
• Rate: 1.40%
• Can push/pull funds to/from USD accounts at other Canadian banks.

First Ontario Credit Union - US Dollar Investment Savings Account
• Rate: 0.5%
• Only available to Ontario residents.
• Requires a $25 membership share.

Hubert Financial - American Dreams US Savings Account
• Rate: 0.25%
• Can push/pull funds to/from USD accounts at other Canadian banks.
• Requires a $5 membership share.

Canadian Western Bank - US Dollar Savings Account
• Rate: 0.2%
• $5/transaction..

Manulife Bank - US$ Advantage Account
• Rate: 0.2%
• Can push/pull funds to/from USD accounts at other Canadian banks.
• Must be opened with an advisor.

Simplii Financial - USD Savings Account
• Rate: 0.1%

Tangerine - US Dollar Savings Account
• Rate: 0.1%
• Can push/pull funds to/from USD accounts at other Canadian banks.
• Sometimes you can get a promo rate that will beat the interest paid by any other Canadian USD account.

ATB - US Dollar Savings Account
• Rate: 0.05% (0.1% if balance > $5000)
• Only available to Alberta residents.

CIBC - US$ Personal Account
• Rate: 0.05%
• $0.75/transaction.

RBC - US High Interest eSavings
• Rate: 0.05%
• 1 free transaction/month at teller or RBC ATM, then $3/transaction. Free unlimited internal transfers to RBC accounts in the United States for those with RBC Bank USA accounts as well.

1Q - USD Savings Account
• Rate: 0.03%

*Ideal Savings – “US Dollar Savings Account” – Rate: 0.00% (0.00% > $100 and 0.00% > $5,000 – applies to whole balance)
-- Note: Must purchase $5.00 credit union share when opening first account with the credit union.

*Scotiabank – “US Dollar Daily Interest Savings” – Rate: 0.00% (0.01% > $1,000, 0.025% > $5,000, 0.05% > $10,000)
-- Note: Interest rate only paid on part of balance that is with-in that tiered portion. Only included this account on the list because it has no monthly fee with $200 minimum balance, and it has chequing privileges with first two transactions free.


NOTE: THIS IS A WORK IN PROGRESS. IF YOU KNOW OF OTHER ACCOUNTS YOU WOULD LIKE LISTED PLEASE POST BELOW IN COMMENTS. THANKS