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.
Latest News
The best GIC rates in Canada for 2024 Aug 26th
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 navigat.... More »
Deferring Your Mortgage Could Cost You More Down the Road + MORE Jun 4th
Well over 700,000 Canadian homeowners have now taken advantage of various mortgage payment deferral programs offered by most mortgage lenders.
It’s no wonder there’s been so much demand, considering more than three million jobs have been lost across the country since the start of March when the.... More »
Breaking down bank fees Jul 15th
The COVID-19 pandemic has hit a lot of Canadians hard—emotionally, physically and financially. So it isn’t surprising that many are calling out banks that raised their fees to consumers at a time when so many people are struggling. Given the number of banks that have also reported record profits.... More »
How to Earn More Credit Card Rewards Dec 19th
One of the most rewarding parts of using a credit card is racking up the freebies. Learn some tips and tricks on how you can potentially earn more points.
Choose the Right Card
One of the most important steps you can do is to find a credit card that aligns with your lifestyle and purchase habit.... More »
What Canadian investors can learn from the BlackBerry story + MORE Nov 10th
If you missed the acclaimed movie BlackBerry in theatres, it’s airing on CBC and streaming on CBC Gem as a three-part series—with additional scenes—beginning November 9. The limited series chronicles the making and unmaking of Canada’s global technology champion of the early 21st century. En.... More »
This Year’s Best Rewards Credit Cards for Groceries
– ratesupermarket.ca
According to Statistics Canada, the average Canadian household spends $9,102.40 on food every year. And whether you’re single or have a family of growing tots to feed, you understand that spending more than you anticipated at the grocery store is all but too easy (Pro tip: Don’t go to the grocery store on an empty stomach!).
But what if you could get a decent fraction of that money back?
Certain credit cards offer points or cash-back rewards for particular spending categories (gas, grocery, pharmacy purchases, etc.), and a good rewards card maximizes on your everyday purchases and ultimately helps you save.
And though there are many reward credit cards on the market, there are a few options that will get you the most bang for your buck if you’re looking for save on your grocery bills.
To make the decision-making process easier, RateSupermarket.ca has a handy-dandy card comparison tool. And with all things considered, from sign-up bonuses to earning categories, we used our Best of Finance methodology to rank the cards that provided the most cash value…
