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?
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Cut unnecessary costs with one simple change to your banking Dec 10th
If you’re like many Canadians, you view bank fees as a necessary expense, but this couldn’t be farther from the truth. Paying a small fee each month isn’t usually much trouble, but over a whole year, it can really add up. The good news is that affordable banking has never been more in .... More »
Best Kids Bank Accounts: How to Help Your Child Start Saving Today
– canadianfinanceblog.com
One of the best ways to set your child up for financial success early on is by opening them a youth bank account. With their account, you can begin to teach them important personal finance lessons, such as careful budgeting, smart saving, and mindful spending.
You may think that all youth savings accounts are the same, but you’d be surprised to know that the features vary between the different banks and credit unions. To help you find the right account to help your child save money, I’ve created the following guide to Canada’s best kids’ bank accounts. Before we dive into the list, here are some things to consider when choosing a children’s savings account.
What to Look for In a Youth Bank Account
While most youth bank accounts in Canada offer free banking, some accounts offer more interest than others, not to mention other unique perks. For example, two banks on this list are currently offering kids a $25 bonus just for signing up. And Scotiabank lets kids 14 and over earn rewards when they spend…
You may think that all youth savings accounts are the same, but you’d be surprised to know that the features vary between the different banks and credit unions. To help you find the right account to help your child save money, I’ve created the following guide to Canada’s best kids’ bank accounts. Before we dive into the list, here are some things to consider when choosing a children’s savings account.
What to Look for In a Youth Bank Account
While most youth bank accounts in Canada offer free banking, some accounts offer more interest than others, not to mention other unique perks. For example, two banks on this list are currently offering kids a $25 bonus just for signing up. And Scotiabank lets kids 14 and over earn rewards when they spend…
