There are plenty of bank savings account options in Canada! Stay on top of the best plans right here.
Latest News
When will I receive my Old Age Security benefits? OAS payment dates for 2026 + MORE May 27th
If you’re close to retirement or are a pensioner trying to manage your monthly budget, it helps to know when your Old Age Security (OAS) benefits are paid out. The government publishes the payment dates and provides a wealth of information about the program, but you may still have questions. We’.... More »
How much credit card debt does the average Canadian have? Oct 9th
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Nine surefire ways to save on your grocery bill (and still eat well) + MORE Jun 19th
Surging food prices are taking a bite out of your wallet, so arm yourself with my pro tips for scoring the best savings, Lesley-Anne Scorgie writes..... More »
A guide to the best robo-advisors in Canada for 2022 + MORE Aug 7th
“You had me at low fees!” That was our reaction to the arrival of robo-advisors in Canada, beginning in 2014. Faced with few alternatives to mutual funds and self-directed brokerage accounts, young and middle-income investors embraced the option of having their savings passively managed in a bun.... More »
Student Money Guide: How to pay for school and have a life—for both students and parents + MORE Jun 12th
There’s more to college and university than the classes. Navigating the costs that come with a post-secondary program is just as much a learning experience as Psych 101—for both students and their parent(s) and/or guardian(s). And with that in mind, this comprehensive guide includes articles for.... More »
Is a big life event on the horizon? The pandemic year has been an excellent opportunity to envision it, and use up some of those savings you’ve accumulated.A guide to the best robo-advisors in Canada for 2021
– moneysense.ca
The robos have invaded. What was once a little-known investing tool for tech-savvy investors is now so commonplace, everyone from newbie savers to retired boomers using robo advisors to help manage their money.
While advisors and traditional fund companies still manage the majority of money in Canada, with people paying more attention to fees and with interest in exchange-traded funds (ETFs) increasing, robo advisors will only see their assets under management continue to rise. According to the research aggregator Statista, Canadian robos will hold an estimated US$8.1 billion in assets under management in 2020, which, it predicts, will rise to US$16.6 billion by 2023, for a 26.7% compound annual growth rate.
As time goes on, these companies are also getting more sophisticated in their offerings. Some robos now offer chequing accounts, others let you pick stocks or buy insurance or offer real-life financial advice. You can invest in all kinds of accounts too, including tax-free savings accounts (TFSAs), registered retirement savings plans (RRSPs), registered retirement income fund (RRIFs), registered education savings plans (RESPs) and others…
While advisors and traditional fund companies still manage the majority of money in Canada, with people paying more attention to fees and with interest in exchange-traded funds (ETFs) increasing, robo advisors will only see their assets under management continue to rise. According to the research aggregator Statista, Canadian robos will hold an estimated US$8.1 billion in assets under management in 2020, which, it predicts, will rise to US$16.6 billion by 2023, for a 26.7% compound annual growth rate.
As time goes on, these companies are also getting more sophisticated in their offerings. Some robos now offer chequing accounts, others let you pick stocks or buy insurance or offer real-life financial advice. You can invest in all kinds of accounts too, including tax-free savings accounts (TFSAs), registered retirement savings plans (RRSPs), registered retirement income fund (RRIFs), registered education savings plans (RESPs) and others…
Best high-interest savings accounts in Canada 2021
– moneysense.ca
Regular savings accounts offer very low interest rates, so if you want to earn on your deposits (rather than simply use your account as a temporary “holding tank” for funds you’ll soon be using for purchases, or directing to longer-term saving and investing vehicles), a high-interest savings account is a no-brainer. When shopping for the best high-interest account (HISA) for your needs, there’s more to consider than just the interest rate. So you can make an informed decision, in addition to using the finder tool to compare the fees and features of several different options available, you can scroll down to read seven editors’ picks for the best high-interest savings accounts in Canada.
These are rates offered by Ratehub partners. You can find information about additional product options below.
These are rates offered by Ratehub partners. You can find information about additional product options below.
You can compare high-interest rates in the table above or input your estimated account balance to compare the growth between high-interest savings accounts, Tax-Free Savings Accounts, Registered Retirement Savings Plans and youth savings accounts…
Is a big life event on the horizon? The pandemic year has been an excellent opportunity to envision it, and use up some of those savings you’ve accumulated.Canada’s best credit cards 2021
– moneysense.ca
Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balance monthly and find the right rewards program for you, and you are sure to come out ahead. There’s a slew of credit card options out there, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help. We’ve highlighted the best in 13 different categories so that you can zero in on the ones that fit your spending habits, and offer features you truly value. Remember, this ranking is the starting point; the final decision is yours to make. The best credit cards in Canada 2021
Card
Rewards / Features
Annual fee
American Express Cobalt
(get more details)*
5 pts/$1 on groceries & dining
2 pts/$1 on travel, gas & transit
1 pt/$1 on everything else
$120
Scotiabank Gold American Express
(get more details)*
5 pts/$1 on groceries, dining & entertainment
3 pts/$1 on gas, transit & streaming
1 pt/$1 on everything else
No foreign exchange fees
$120
Amex SimplyCash Preferred
(get more details)*
2% cash back on everything
$99
Scotiabank Momentum Visa Infinite
(get more details)*
4% cash back on groceries & recurring bills
2% on gas & daily transit
1% on everything else
$120
TD First Class Travel Visa Infinite
(get more details)*
9 pts/$1 on travel (via ExpediaForTD)
3 pts/$1 on everything else
$120
BMO eclipse Visa Infinite
(get more details)*
5 pts/$1 on groceries, dining, gas & daily transit
1 pt/$1 on everything else
$50 annual lifestyle credit
$120
Tangerine Money-Back
(get more details)*
2% cash back in up to 3 spending categories
0…
