The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
RESP vs. RRSP and TFSA: What’s the best option for education savings? Feb 12th
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
Making sense of the markets this week: June 2, 2024 May 31st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
RBC and National Bank continue to lead the pack
Canadian banks continue to prepare for worst-case scenarios with in.... More »
Judge rules Donald Trump committed fraud - CTV News + MORE Sep 26th
Judge rules Donald Trump committed fraud CTV NewsBREAKING: Judge finds Trump committed fraud in NY civil case MSNBCJudge rules Donald Trump defrauded banks, insurers while building real estate empire Toronto StarTrump Fraudulently Inflated Property Values, NY Judge R.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Feb 10th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
The best GIC rates in Canada for 2024 May 24th
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Find the best rate
Tap "Return to top" to come back here.
.... More »
American Express Increases the Value of Points for Purchases
– ratesupermarket.ca

For a limited time, American Express is offering consumer cardmembers more value for Points for Purchases. From April 17, until September 30, 2020, cardholders can use 1,000 points for a $10 statement credit on all eligible non-travel related purchases. That means Membership Rewards points are currently worth one cent each when redeeming for a statement credit.
Typically, the highest redemption value is reserved for travel. But since travel redemption is a waiting game, American Express has created a way for cardholders to access nearly the top value for their points.
Turning the American Express Cobalt card into cash back
A big bonus for the American Express Platinum Card
How much are statement credits worth?
More ways to use your points
Turning the American Express Cobalt card into cash back
The American Express CobaltTM Credit Card offers cardholders five points per dollar spent on groceries, restaurants and food delivery. Converting those points to a statement credit means cardholders can see 5% back, which is a higher value than any cash back card on the market…


