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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The best credit cards in Canada for 2024 + MORE Apr 3rd
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The best credit cards in Canada for 2024
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“Help! My RRSPs are all over the place” + MORE Aug 10th
As Canada’s financial services sector expands to include new online banks, credit unions, robo-advisors, brokerages and more, so does the likelihood that you have a ragtag number of registered savings plans with multiple institutions. For example, you may have set up an employer-sponsored plan at .... More »
The best GIC rates in Canada for 2024 May 18th
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.
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Shareholders push for ethical AI use at Canada’s biggest companies Jul 23rd
When Canada’s most valuable companies hosted their annual general meetings this year, there was a new topic for shareholders to vote on among the usual requests to appoint board members and OK their executive compensation.
The proposal from Quebec-based investor rights group le mouvement d’é.... More »
The best GIC rates in Canada for 2026 Jun 1st
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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The Best Online Banks in Canada for 2022
– canadianfinanceblog.com
According to the Canadian Bankers Association, 90% of Canadians reported using online banking in the past year, and almost 50% say that digital is their preferred banking channel. The trend towards online banking isn’t a new one, but it certainly was hastened by the isolation and mandatory quarantines caused by the COVID-19 pandemic. With the move to digital banking, Canadians have more online banking options than ever.
To help you sort through all the options, I’ve created a list of what I believe are the best online banks in Canada. My primary focus is on the online-only banks and the fintech companies, but I’ve included the Big Five banks and leading credit unions from several provinces.
I’ve divided the list by institution type. I started with the online-only banks, then lumped the credit unions into their own group and the big banks into another.
Note: The interest rates and welcome offers posted throughout the article were accurate when writing and are subject to change at any time…
To help you sort through all the options, I’ve created a list of what I believe are the best online banks in Canada. My primary focus is on the online-only banks and the fintech companies, but I’ve included the Big Five banks and leading credit unions from several provinces.
I’ve divided the list by institution type. I started with the online-only banks, then lumped the credit unions into their own group and the big banks into another.
Note: The interest rates and welcome offers posted throughout the article were accurate when writing and are subject to change at any time…
