Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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The best GIC rates in Canada for 2025 Jan 28th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Are low interest rates doing more harm than good? Jul 16th
Mark Carney was oddly framed by TV cameras when he made his hasty post-Brexit address the morning after the United Kingdom voted to leave the European Union. Standing behind a lectern, but in front of an open doorway, the governor of the Bank of England appeared as though trapped inside a box. It wa.... More »
These preferred shares are looking particularly attractive right now Dec 13th
If central banks continue to hike rates, some underperforming segments of the market could flip to provide the best opportunities
.... More »
6 times when a GIC is a smart investment choice + MORE Mar 10th
A guaranteed investment certificate (GIC) may seem like your grandfather’s kind of savings product. After all, his generation was fond of similar investment tools, like government savings bonds and treasury bills, and benefited from periods where interest rates were high enough to make these low-r.... More »
Update! Tangerine Money-Back Credit Card Review Apr 22nd
Update, April 18, 2019:
Tangerine has announced that starting April 22nd, new Tangerine Credit Card Account holders can earn 4% Money-Back Rewards on purchases in up to three Money-Back Categories of their choice, for the first three months.
Looking to earn cash back on your daily expenditures? Do.... More »
How to avoid the hidden costs of sending money abroad
– moneysense.ca
If you’re looking to transfer money overseas, there’s now a cheaper alternative than using your bank or companies that specialize in international transfers—it’s a smartphone app called TransferWise Money Transfer.When you send money internationally in a foreign currency, banks will charge you a hefty transfer fee or offer you their own exchange rate that has the fees baked into it. If you need to send large amounts of money, these fees add up and result in the banks taking a sizeable chunk of your change for themselves.
Now financial startups have sprung up in Canada offering much lower costs when transferring money internationally. One option is TransferWise, which launched in Canada in April. The app uses a peer-to-peer model which enables it to undercut the costs associated with making international transfers in the traditional way.
How to save on foreign exchange fees while travelling »
According to TransferWise’s website send any amount under $333 CAD and you pay a flat fee of $4 per transaction…
