As of March 2025, the Canadian bank offering the best Tax-Free Savings Account (TFSA) rates includes several competitive options, as highlighted in recent analyses.

1. EQ Bank: It currently stands out with one of the highest standard interest rates for TFSAs, making it the top choice for many savers.

2. CIBC: This bank offers a promotional rate with a 5% bonus on new accounts, which is attractive for those looking to maximize their initial deposits.

3. Other Banks: In the comparative charts, Canadian Tire Bank offers rates between 3.00% and 2.75%, while Hubert Financial presents rates from 1.85% to 1.75%. Additionally, Manulife Bank offers rates from 1.95% to 1.85%, and MAXA provides competitive rates as well.

For more detailed information, including specific interest rates and other banks' offerings, you can view the following resources:

• MoneySense: Provides an overall best TFSA for 2025, discussing EQ Bank and others. Read more here.
• WOWA.ca: Specifics on TFSA GIC rates and comparisons on providers can be found here.
• Ratehub.ca: Updates on TFSA interest rates from major banks are available here.
• CIBC: For details on CIBC's TFSA options, visit their site here.

In summary, EQ Bank currently leads with the best TFSA rates followed closely by CIBC's promotional offers and other competitive banks. For potential investors, it is advisable to compare all available options to maximize returns on TFSA investments.

Sources

The best TFSAs in Canada for 2025 - MoneySenseBest TFSA GIC Rates in Canada - WOWA.caTFSA Interest Rates - Tax-Free Savings Account Rates | Ratehub.caJan 2025: Best TFSA account offers? : r/PersonalFinanceCanadaTax Free Savings Account (TFSA) rates - CIBCCompare the best tax free savings accounts (TFSAs) in Canada 2025Comparison chart | Canadian High Interest Savings Bank Accounts

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