Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best high-interest savings accounts in Canada for 2024 + MORE Nov 4th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Want to raise your credit score in Canada? Avoid these 5 credit card mistakes + MORE Aug 26th
What is a credit score, and how does it affect your personal finances? Anytime you apply to borrow money, whether it’s a loan, a line of credit or a new credit card, lenders look at your credit rating—and your credit score is a big part of that.
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RBC InvestEase Review: Can a Big Bank Robo-Advisor Stack Up to the Competition? Dec 17th
With the surge in popularity of robo-advisor platforms like Wealthsimple in recent years, it was only a matter of time before Canada’s big banks got in on the action. RBC made its foray into Canada’s robo-advisor scene in 2018 when they launched RBC InvestEase. In this RBC InvestEase review, Iâ€.... More »
Best online banks and credit unions in Canada for 2024 Mar 20th
Where can you get the best digital banking experience in Canada? We set out to find out in this inaugural review of the best online banks and credit unions in Canada. To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing in fin.... More »
The best high-interest savings accounts in Canada for 2024 May 19th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Holiday Spending out of Control? Manage It Well for a Healthy Financial New Year
– ratesupermarket.ca
The holidays were glorious and brilliant, but the new year is here and so are the bills. You’re not alone if your credit card balances soared and bills are piling up. We’ve put together some tips to help you recover smoothly and avoid another spending hangover in the new year.
Give Your Credit Cards a Holiday
Your credit cards probably worked overtime over the holiday season, so now is the time to give them a rest. Put them away physically and turn off credit payment apps on your phone. Use a debit card or cash to pay for essentials and pay bills directly from your bank account. This way, you’ll get an accurate picture of your basic needs and expenditures.
If you’ve found yourself in a debt hole, the first step is to reduce the amount of interest you’re paying. Low balance transfer credit cards allow you to move the existing balance of one credit card to another. While your debt still exists, you are paying it off with another card with a lower interest rate.
Some balance transfer cards can have interest rates as low as 0%, for example, the MBNA True Line® Mastercard®…
