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PC Money Account™

As of October 22, 2026, the PC Money Account™ pays 2.20% interest on savings.

CDIC insuredRates verified October 22, 2026

Calculate your PC Financial interest

$
Time horizon

Conditions: Everyday rate on optional savings feature; spending balance earns 0%

Interest rate
2.20%
Interest earned
+$222.23
Balance $10,222.23
vs. big-bank average (0.33%):+$189.73
Compounding schedule:Calculated daily, paid monthly
Get this rate at PC Financial

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Key account terms

The PC Money Account is a hybrid account combining chequing features with PC Optimum points earning power.

Monthly fee
$0
Minimum deposit
$0
Transactions
Unlimited
Transfer speed
1-2 Days

Pros and considerations

What we like

  • Earn PC Optimum™ points everywhere
  • No monthly fees
  • Unlimited transactions
  • CDIC insured

Watch out for

  • Interest paid in points (unless promo)
  • No physical branches
  • Requires PC Optimum membership

Frequently Asked Questions

Everything you need to know about PC Financial's savings rates, terms, and account features.

Is this a savings account?

It's a hybrid spending account that often offers promo interest rates.

Is it safe?

Yes, eligible deposits are CDIC insured.

How is interest calculated and paid on the PC Money Account™?

Interest is calculated daily based on your account's closing balance and deposited directly into your balance on the final business day of each month, compounding your yield monthly.

Can I withdraw my money from PC Financial at any time?

Yes. Unlike a GIC (Guaranteed Investment Certificate) which locks in funds for a predetermined duration, this high-interest savings account offers complete liquidity. You can transfer money out at any time without penalty or loss of earned base interest.

How is interest earned at PC Financial taxed in Canada?

In non-registered accounts, interest earned is treated as regular taxable income by the Canada Revenue Agency (CRA). PC Financial will issue a T5 tax slip if your annual interest exceeds $50 (or upon request for lower amounts). If held inside a TFSA, interest is 100% tax-free.

Compare before you open

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