ICICI Bank Canada is a relatively new bank in Canada and offers relatively good interest for their saving account.
To date, April 2009, the interest for their HiSAVE Saving Account is 2.15%, whereas for Amex Bank of Canada it is 2% and for President Financial Choice its best interest rate is 1.65%.
So if you want the highest interest for your saving account, then ICICI is presently one of the best choice.
On top of that they give you $20 for every referral who opens a HiSAVE saving account of $100 or more. The person who opens the account will also receive $20.
Maximum referral allowed is 25 persons. That amounts to a bonus of $500. To earn this amount of interest you need to deposit $23,255 for a year in their HiSAVE account.
Even on your chequing account you can earn interest as high as 1.5%.