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Rate Breakdown
Canada’s leading rate, plus an extra 1%
Here's how your rate is calculated, in CAD and USD.
{{interest-rate-cad}}% CAD / {{interest-rate-usd}}% USD
Base rate
Canada’s leading interest rate
+1%
Limited-time boost
On all new funds
3.75% CAD / 3.75% USD*
Your effective rate
For 12 months
*Base rates are {{interest-rate-cad}}% CAD and {{interest-rate-usd}}% USD and are variable. With the 1% boost on net new funds, earn up to 3.75% CAD and up to 3.75% USD. Opt in by December 31, 2026. The boost applies for 12 months from opt-in and does not change with the base rate. Terms, eligibility criteria, and caps apply.
How it works
Opt in by December 31 and earn the boost for 12 months
No complicated setup. No hoops. Just a better rate from day one.
Sign up for Float
Apply in 15 minutes or less, and get approved in one business day.
Opt in by December 31
Head to your account page and opt in before December 31, 2026. Your boost turns on once you opt in.
Add funds
Add CAD or USD and earn up to 3.75% (CAD) or 3.75% (USD) on new funds from day one.
terms to know
The boost applies to new funds
Earn 1% more on every new dollar above your baseline for 12 months, in CAD and USD. New to Float? Your whole balance qualifies for the boosted rate.
Earn on up to $25M
The boost applies to up to $25M in new funds per currency (CAD and USD).
Maintain flexibility
No minimums and no term. Withdraw anytime.
Earn for 12 months
Your 12 months start the day you opt in. Opt in before December 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.
Trusted by {{customer-count}} Canadian businesses
Float 1% boost FAQ
Yes. New CAD balances earn up to 3.75% ({{interest-rate-cad}}% base + 1%). USD balances earn up to 3.75% ({{interest-rate-usd}}% base + 1%).
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. Opt-in available until December 31, 2026. Rates, terms and eligibility criteria are subject to change.
When you opt in, you earn an extra 1% on top of your base rate ({{interest-rate-cad}}% CAD and {{interest-rate-usd}}% USD) on every new dollar above your baseline. That brings your total rate to up to 3.75% on CAD and 3.75% on USD 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.
Interest is earned on cash balances. Opt-in available until December 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 interest boost rate. There is no cap on funds held in Float for the base interest rate of {{interest-rate-cad}}% CAD and {{interest-rate-usd}}% for USD balances.
Interest is earned on cash balances. Opt-in available until December 31, 2026. Rates, terms and eligibility criteria are subject to change.
Your baseline is a fixed number, set once when you opt in. Window 1: opt in between June 1 to August 31, 2026 (closed): your average daily balance from April 1 to 30, 2026. Window 2: opt in between October 19 to December 31, 2026 your average daily balance over the 30 days before the day you opt in.
You will still earn the base rate {{interest-rate-cad}}% CAD and {{interest-rate-usd}}% USD 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. Opt-in available until December 31, 2026. Rates, terms and eligibility criteria are subject to change.
No, you can only opt in once during the enrollment window. 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.
The boost ends and your balance earns the standard variable rate, currently {{interest-rate-cad}}% CAD and {{interest-rate-usd}}% USD.
Get an extra 1% before December 31
Opt in today and earn up to 3.75% on new funds for 12 months.