How to go about securing the best savings strategy in Canada.
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This millennial has $100,000 in savings and wants to leave Toronto to buy a cheaper house. With help from parents, is it possible? + MORE Jun 12th
“After looking at all these properties, my boyfriend and I realize that we have to be realistic and find a place further out,” Vanessa said..... More »
At 40, Peter makes $94,000. He owns two condos and wants a third closer to downtown Toronto. Is that the right move? + MORE Sep 19th
Being an avid investor throughout his life, Peter has long been able to take advantage of GTA’s hot housing market. Now, he wants advice on how best to invest his savings..... More »
The best high-interest savings accounts in Canada for 2025 Dec 17th
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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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What is financial freedom in Canada? + MORE Oct 23rd
Canadians aren’t short on advice for achieving financial freedom. A quick online search for “how to become financially free” will give you results that can be either informative or confusing. To be fair, some of it is correct, some is misleading, and some is downright wrong. Sources range from.... More »
The best high-interest savings accounts in Canada for 2024 May 21st
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The best high-interest savings accounts in Canada for 2024
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This 28-year-old Halifax resident makes $48,500 and has $20,000 in savings. She’s ready for home ownership. Can she do it?
– thestar.com
Elizabeth keeps her day-to-day costs low by cooking at home, socializing at home and walking to work. With no student debt, she’s ready to move on from renting and buy a property with her partner.Introducing KOHO, a unique financial service app
– moneysense.ca
Nowadays, consumers can shop around for the low- or no-fee accounts, competitive interest rates, and additional features they want. And banks aren’t the only ones delivering financial services to Canadians. Fintechs, which integrate technologies into the financial sector, have empowered developers and inspired those on the vanguard to rethink financial services altogether. One such product is KOHO, a financial service app Canadians can use for spending, saving and budgeting. Users transfer money to a reloadable prepaid Visa card that serves as a no-fee spending account where you can earn 1.2% interest and instant cash back. How does KOHO work?
Think of KOHO’s standard savings account as a spending account with pretty good interest (compare KOHO’s 1.2% on your entire balance with traditional banks’ standard 0.05%). It has no fees, no matter how much money you hold. To get that rate, you’ll need to set up a regular direct deposit to your KOHO account (your paycheque or a portion of it; a government cheque; or even a PayPal deposit), and then opt into earning interest inside the app…
If you’re over 18 and working, it’s time to start diverting some money into long-term savings to begin building financial security for your future. Pay the tax now in a TFSA, or pay the tax later in an RRSP. Even better? Contribute to both, Lesley-Anne Scorgie writesThis 28-year-old Halifax resident makes $48,500 and has $20,000 in savings. She’s ready for home ownership. Can she do it?
– thestar.com
Elizabeth keeps her day-to-day costs low by cooking at home, socializing at home and walking to work. With no student debt, she’s ready to move on from renting and buy a property with her partner.As social bubbles, provinces and countries slowly open up again, many people are looking to salvage their travel plans for the year while others think about 2022. Admittedly, there’s still a lot of uncertainty in the world, but that isn’t preventing some providers from tempting lockdown-weary Canadians with discount deals on travel and accommodations.
Locking in savings is usually a win for travellers, but with COVID still rampant in many countries, some people are wondering if it’s worth travelling at all for the foreseeable future. Ultimately, the decision is up to you, but there’s no denying that savings are in the air. Here’s what you need to know about travel right now:
Air travel may or may not be more expensive
The demand for air travel has already increased, and we’re starting to see bigger crowds at the airports and on planes. Airlines will adjust their fleet as needed, but you shouldn’t expect the price of flights to swing one way or another. Similar to before the pandemic, airfare will be based on supply and demand…
Locking in savings is usually a win for travellers, but with COVID still rampant in many countries, some people are wondering if it’s worth travelling at all for the foreseeable future. Ultimately, the decision is up to you, but there’s no denying that savings are in the air. Here’s what you need to know about travel right now:
Air travel may or may not be more expensive
The demand for air travel has already increased, and we’re starting to see bigger crowds at the airports and on planes. Airlines will adjust their fleet as needed, but you shouldn’t expect the price of flights to swing one way or another. Similar to before the pandemic, airfare will be based on supply and demand…
