Earn an extra 1%
Canada’s leading interest rate just got one better.
Earn an extra 1% on every new dollar for a full year. Up to 3.5% total. No minimums. No lock-in.
Rates are variable and subject to change. Terms, eligibility criteria, and caps apply.
Trusted by thousands of leading Canadian companies.†
Rate breakdown
Get one step ahead with up to 3.5% interest
We took Canada’s leading rate and made it one better.
2.5%
Base rate
Canada’s leading interest rate
+1%
The boost
Extra interest on new funds
Up to
3.5%
Your effective rate
On new funds for 12 months
Interest is earned on cash balances. Earn 2.5% base rate, up to 3.5% with 1% boost promotion available until August 31, 2026.
Rates are variable and subject to change. Terms, eligibility criteria, and caps apply.
How it works
Three steps, one better rate
No complicated setup. No hoops. Just a better rate from day one.
01
Sign up for Float
Apply in 15 minutes or less, and get approved in one business day.
02
Opt in by August 31
Head to your account page and opt in before August 31, 2026.
03
Load funds
Load CAD or USD funds to Float and start earning up to 3.5% from day one.
Terms to know
What you see is what you get
No hidden rules. No surprises. Just a straightforward extra 1% for a full year.
Earn on up to $25M
The boost applies to up to $25M in new funds per currency (CAD and USD)
Maintain flexibility
No lock-in, no minimums. Withdraw at anytime.
Earn for 12 months
Your 12 months starts the day you opt in. Enroll before August 31, 2026.
CDIC insured
Safe hands, better returns
With Float Business Accounts your CAD and USD funds are held in dedicated trust accounts at CDIC-member institutions, legally separated from Float’s own funds.
One platform
The rate is just the beginning
Get market leading rates and a complete finance platform built to remove friction from banking, payments, and spend management. That all adds up to one more reason finance teams love Float.
Float 1% boost FAQ
When you opt in, you earn an extra 1% on top of your 2.5%* base rate on every new dollar above your baseline. That brings your total rate to up to 3.5% on those funds for a full 12 months from the day you activate. Your baseline is a fixed starting point unique to your account. You can see it in your Float account right now. Every dollar above it earns the boost. Joined Float after April 30, 2026? Your baseline is $0, meaning every dollar you bring in earns up to 3.5%. Interest is earned on cash balances. Earn 2.5% base rate, up to 3.5% with 1% boost promotion available until August 31, 2026. Rates, terms and eligibility criteria are subject to change.
There is a $25M cap (both CAD & USD) for funds added above your baseline earning the 3.5% rate. There is no cap on funds held in Float for the base interest rate of 2.5%. Interest is earned on cash balances. Earn 2.5% base rate, up to 3.5% with 1% boost promotion available until August 31, 2026. Rates, terms and eligibility criteria are subject to change.
Your baseline is the average daily balance held in your Float account between April 1–30, 2026, calculated separately for CAD and USD balances and rounded down to the nearest $100. Once calculated, your baseline is fixed and will not change. If you opened your Float account after April 30, 2026, your baseline is $0, so every dollar brought into Float qualifies for the promotional rate.
You will still earn 2.5% on your entire balance! The additional 1% boost only applies to funds above your baseline. If your balance later increases above the baseline, the boost resumes on the amount above the baseline. Interest is earned on cash balances. Earn 2.5% base rate, up to 3.5% with 1% boost promotion available until August 31, 2026. Rates, terms and eligibility criteria are subject to change.
No, you can only opt in once during the enrollment window (June 1 to August 31, 2026). Once you’ve opted in, your 12-month promotion period is locked and cannot be restarted or extended.
New funds are net new balances brought into your Float account that are above your baseline amount. This includes funds received into your Float Business Accounts, FX transfers, etc.
Yes! The 2.5% base rate and the 1% boost promotion both apply to CAD and USD balances. Your baseline is calculated separately for each currency, and the $25M cap applies per currency for all funds exceeding your baseline (i.e., $25M CAD and $25M USD) Interest is earned on cash balances. Earn 2.5% base rate, up to 3.5% with 1% boost promotion available until August 31, 2026. Rates, terms and eligibility criteria are subject to change.
Get started in one click.
Enrolment closes August 31.
*Trademark of Visa International Service Association and used under licence by Peoples Trust Company.
