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The best savings accounts in Canada for 2023
Here are the best accounts to hold your savings.

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Scan the savings account comparison table above to view interest rates offered by financial institutions across Canada.

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Ask MoneySense
I have a $180,000 DC pension plan from my old employer, and I have to decide whether to transfer it to a LIRA within Manulife as a personal plan (where the group plan is right now), or to transfer to another LIRA (ETF direct investing with my bank).

I am 52 and am considering retiring at 55. I have about $120,000 in RRSP.  I also have an LAPP of approximately $600 a month, if I start collecting it at age 65.

My husband is 53 and will be retiring in two years with an RRSP of about $37,000 and a DBPP of approximately $33,000 a year, if he retires at 65. It is between 0.3%-0.4% less if he retires at 55.

I can start collecting CPP at 60 ($600), 65 ($940), and 70 ($1,335); while my husband can start at 60 ($669), 65 ($1,045), and 70 ($1,484).

We currently have a mortgage of $280,000 and will have about $230,000 by the time he retires, approximately nine more years to pay or longer at higher interest rate. Our kids will be finished in university in two years…

RRSPs

The best RRSPs in Canada for 2023
We’ve rounded up the best RRSP rates on savings accounts and GICs, as well as the best RRSP investment accounts.

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Tap the button for more details.

By Rebecca Cuneo Keenan and Keph Senett on September 11, 2023Estimated reading time: 19 minutes

Presented By Scotiabank

Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differences between an RRSP and other kinds of registered accounts, like the tax-free savings account (TFSA) and first home savings account (FHSA). Plus, not all RRSPs are built the same—you’ll want to compare their interest rates and fees, for example…

In Canada, today’s new investors and young people are probably more aware than any previous generation of the possibility of compounding their money in the stock markets—especially with Canada’s inflation at its highest level in over 20 years. At the same time, there can be the problem of having too much to choose from. Should you buy stocks, mutual funds or exchange-traded funds (ETFs)? Many Canadian investors veer towards ETFs because of their diversified portfolios and relatively low fees. But it’s an investment jungle out there, and more questions invariably pop up: Which is the best ETF to buy? How many ETFs should I own? And how should I buy ETFs in Canada?

Why invest in ETFs?

As a new investor, you have much to think about, including your investment objectives, your financial circumstances, your risk tolerance and your time horizon. When choosing investments, you’ll also need to consider these factors: return potential, risk factors, fees, ease of access, and the effort needed to maintain their portfolio…

All TTC subway riders getting cellphone service starting Oct. 3, federal minister says  CBC.caToronto’s Financial Workers Will Finally Be Able to Work on the Subway  Financial PostRogers must give BCE, Telus access to wireless network on Toronto’s subway system by Oct. 3, minister says  The Globe and MailCell service must be provided by all carriers on TTC as of Oct. 3: minister  CP24Cell service must be provided by all carriers on TTC as of Oct. 3, minister says  CTV News TorontoView Full Coverage on Google News