Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
The best GIC rates in Canada for 2026 Jun 1st
GIC comparison tool
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The best GIC rates in Canada for 2024 Jun 25th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
Compare highest rates
Why trust us
MoneySense is an award-winning.... More »
Before It’s Too Late! Best Credit Card Welcome Offers of January 2020 + MORE Jan 4th
The new year has just begun, which means there is plenty of time to plan for the months ahead. Will you jet off to a sunny location? Decide to save money? Work on paying off that post-holiday debt?
The right credit card can help you attain your goals. Whether it’s a cash back, low balance transfe.... More »
The Best No-Fee Rewards Credit Cards For 2019 Nov 6th
Credit card rewards come in many forms. From points to statement credits to cold-hard cash, a good rewards card maximizes on your everyday purchases and ultimately helps you save.
Reward credit cards generally offer different amounts of rebates for particular spending categories (gas, grocery, phar.... More »
Nissan banks on after-sales ‘hyper-personalization’ revenue + MORE Nov 29th
YOKOHAMA, Japan – Nissan is going to offer internet access, safety technology and myriad accessory options the Japanese automaker calls “hyper-personalization,” not only in new models but also for vehicles people already own.
Nissan Motor Co. Corporate Vice-President Kent O’H.... More »
How Financially Literate Are You?
– ratesupermarket.ca
Canadians need to brush up on their money smarts – at least, according to the Federal Government. Last week, the very first Financial Literacy Leader was appointed, tasked with creating a national strategy aimed at improving consumer knowledge. Canadians can expect better access to learning and help resources as a result – good news, especially for our debt-laden youth (and equally debt-laden seniors).
Read on for our exclusive interview and for the week’s top headlines.
A Credit Card Conspiracy: Class Action Suit Targets Swipe Fees
Did you know – every time you make a credit card purchase, the retailer picks up the tab for the transaction fee? These charges can total up to 4% of your purchase – and small business owners and retailers are fighting back with a B.C.-based class action lawsuit.
If successful, it could mean retailers could refuse to process premium credit cards, or add a surcharge for consumers who use them.
Read Rubina’s Blog | A Credit Card Conspiracy?
Self Employed? B-21 May Make It Harder To Get a Mortgage
Last week, new mortgage changes were proposed that target the underwriting practices of mortgage insurers…
Federal regulators take over small bank in South Carolina; Makes 6th US bank failure of 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in South Carolina, marking the sixth U.S. bank failure of 2014 after 24 closures last year.
The Federal Deposit Insurance Corp. said Friday that it has taken Allendale County Bank, based in Fairfax, S.C.
The lender, which operated five branches, had about $54.5 million in assets and $51 million in deposits as of Dec. 31.
Palmetto State Bank, based in Hampton, S.C., agreed to assume Allendale’s deposits and to buy essentially all of the failed lender’s assets.
Allendale County Bank’s failure is expected to cost the deposit insurance fund $17.1 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009.
In 2010, regulators seized 157 banks, the most in any year since the savings and loan crisis two decades ago. The FDIC has said 2010 likely was the high-water mark for bank failures from the recession…
The Federal Deposit Insurance Corp. said Friday that it has taken Allendale County Bank, based in Fairfax, S.C.
The lender, which operated five branches, had about $54.5 million in assets and $51 million in deposits as of Dec. 31.
Palmetto State Bank, based in Hampton, S.C., agreed to assume Allendale’s deposits and to buy essentially all of the failed lender’s assets.
Allendale County Bank’s failure is expected to cost the deposit insurance fund $17.1 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009.
In 2010, regulators seized 157 banks, the most in any year since the savings and loan crisis two decades ago. The FDIC has said 2010 likely was the high-water mark for bank failures from the recession…
