How to go about securing the best savings strategy in Canada.
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How much money does the government contribute to an RESP? + MORE Feb 13th
Whether your child eventually goes off to university, enrolls in a college program or is interested in another type of schooling, there’s no way around it: post-secondary education is pricey. In Canada, the average undergraduate tuition fee for the 2022–23 school year was $6,834. Over four yea.... More »
How to invest as a teenager in Canada + MORE Mar 13th
If you’re starting to save the money you’ve received from birthdays, holidays and part-time jobs, you may be wondering how you can invest your savings. An important life lesson for any young person is the habit of saving—so, investing for some teenagers can be the next step.
In Canada.... More »
Your American spouse may not want to inherit your TFSA + MORE Jun 3rd
Most Canadians assume leaving a tax-free savings account (TFSA) to a spouse is one of the simplest estate-planning decisions they can make. But when that spouse is a U.S. citizen, green card holder, or otherwise subject to U.S. tax filing requirements, inheriting a TFSA can create years of IRS repor.... More »
Ayana Forward, financial advisor + MORE Feb 18th
Meet Ayana Forward
Ayana Forward is a Certified Financial Planner based in Ottawa, Ont. She owns Retirement in View, a fee only financial planning firm that specializes in helping clients within one to five years of retirement navigate the financial and lifestyle aspects of transitioning out of t.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jan 7th
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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In Your Corner: Interest rates are near an all-time low — where can you get the best return on your savings?
– thestar.com
These are the best high-interest (well, relatively high) savings accounts out there right now.
Currently, Jenny is renting a spot with three roommates for $1,085. She’s using her savings from high school when she worked as a barista part-time for now, but knows that if she doesn’t pick up something soon she’ll be dipping into negatives.EQ Bank review 2021
– moneysense.ca
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial institution, EQ Bank can offer more competitive accounts because it doesn’t have the cost of managing brick-and-mortar branches. They can pass the savings to you in the form of higher interest rates and no-fee everyday service fees.
EQ Bank accounts: overview
As an online-only financial institution, EQ Bank can offer more competitive accounts because it doesn’t have the cost of managing brick-and-mortar branches. They can pass the savings to you in the form of higher interest rates and no-fee everyday service fees.
EQ Bank accounts: overview
Account type
Interest rate
Perks
High-interest account
Get this rate*
1.25%
No minimum balance
Free withdrawals
Free e-transfers
Joint accounts
Cheap international money transfers
TFSA account
Get this rate*
2.30%
No minimum balance
Free withdrawals
Tax-free savings
RSP Savings Account
Get this rate*
2.30%
No minimum balance
Tax-deferred savings
EQ GICs
View all rates*
1.25% – 2.25%
3-month to 10-year GICs
Get more information about EQ Bank*
7 quick facts about EQ Bank
EQ Bank is owned by Equitable Bank, the ninth-largest domestic bank in Canada, and has over $35 billion in assets under management…
Currently, Jenny is renting a spot with three roommates for $1,085. She’s using her savings from high school when she worked as a barista part-time for now, but knows that if she doesn’t pick up something soon she’ll be dipping into negatives.In Your Corner: Interest rates are near an all-time low — where can you get the best return on your savings?
– thestar.com
These are the best high-interest (well, relatively high) savings accounts out there right now.
