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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Best credit cards in Canada with free roadside assistance 2023 + MORE Jul 18th
Add “roadside assistance” to the list that includes a plunger, first-aid kit and a screwdriver small enough to fix your sunglasses: “Things you don’t realize you need, until you need them.” But this credit card perk can feel like you won the lottery when you’re stranded on the highway du.... More »
Quiz: How Well Do You Know Your Credit Card? Jul 7th
According to the 2019 Canada Credit Card Satisfaction Study by J.D. Power, “customers who fully understand the benefits offered by their credit card issuer have significantly higher satisfaction levels compared with those who do not completely understand the benefits.”
Customers are more satisf.... More »
The best GIC rates in Canada for 2025 + MORE May 21st
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News - Castanet.net + MORE Feb 17th
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News Castanet.netBanks have started to freeze accounts linked to the protests, Freeland says CBC NewsTrucker convoy: Banks take action to cease financing CTV NewsFinancial institut.... More »
How GIC interest rates work + MORE Aug 9th
Guaranteed investment certificates, or GICs for short, are low-risk investments offered by banks and other financial institutions. In exchange for committing your money for a term ranging from 30 days to 10 years, the bank will pay you a guaranteed rate of interest.
GICs are particularly safe bec.... More »
Simplii Financial and BMO Warn of Data Breach; Customers Report Money Lost
– ratesupermarket.ca
If you bank with BMO or CIBC’s Simplii Financial, your account may have been compromised.
On Monday, both banks started to alert clients that “fraudsters” may have accessed sensitive account information. Simplii reported that up to 40,000 of their customers may have been affected while BMO declined to release an estimate.
Simplii was the first to come public with news of a data breach. The bank said it received a tip over the weekend that hackers had obtained account information from a limited amount of clients.
“We’re taking this claim seriously and have taken action to further enhance our monitoring and security procedures,” said Michael Martin, the bank’s senior vice-president, in a statement.
According to 680 News, a Simplii customer has already reported $2,889 being mysteriously withdrawn from her account. She also told 680 News that her personal information was changed and that she reported this incident to the RCMP.
Simplii says the investigation is continuing, and it will notify affected clients through all available channels…
Two Canadian banks warned Monday they have been targeted by hackers, and that the personal information of tens of thousands of customers may have been stolen — something that appeared to be confirmed in a letter to the media from someone who said they were demanding a $1-million ransom from the banks.
Simplii Financial and BMO Warn of Data Breach; Customers Report Money Lost
– ratesupermarket.ca
If you bank with BMO or CIBC’s Simplii Financial, your account may have been compromised.
On Monday, both banks started to alert clients that “fraudsters” may have accessed sensitive account information. Simplii reported that up to 40,000 of their customers may have been affected while BMO declined to release an estimate.
Simplii was the first to come public with news of a data breach. The bank said it received a tip over the weekend that hackers had obtained account information from a limited amount of clients.
“We’re taking this claim seriously and have taken action to further enhance our monitoring and security procedures,” said Michael Martin, the bank’s senior vice-president, in a statement.
According to 680 News, a Simplii customer has already reported $2,889 being mysteriously withdrawn from her account. She also told 680 News that her personal information was changed and that she reported this incident to the RCMP.
Simplii says the investigation is continuing, and it will notify affected clients through all available channels…
