Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
The best GIC rates in Canada for 2024 + MORE Sep 17th
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 navigat.... More »
Is It Worth Getting a U.S. Dollar Credit Card? Mar 14th
According to the most recent census, two out of three (66%) Canadians live within 100 kilometres of the U.S. border. So, naturally millions of citizens cross over to the 13 neighbouring states every month. Many snowbirds even choose to stay for part of the year. But, with the value of the loonie si.... More »
Switching Banks or Complementing Your Service: Getting the Most for Your Money + MORE Oct 6th
Written by Barry Choi and Jackie Rosen
The big five banks are constantly trying to acquire new customers, offering everything from 40” TVs and tablets to straight out cash if we open certain accounts with them. These promotions aren’t aimed at customers who are brand new to banking. Instead, th.... More »
Play it safe and ask if your savings are protected Jan 9th
All of us expect our savings to be safe when we deposit them at the bank. However, although it’s rare, banks and other financial institutions in Canada can fail, so you might want to make sure your savings are protected. The next time you visit your branch or meet with your financial advisor, ask.... More »
Is probate an inevitable cost for a surviving spouse? Feb 12th
Q. My husband and I have lived in our principal residence for 40 years. The house is held solely in his name, and I am the beneficiary of his will. Would the house have to be included in probate of his estate, should he predecease me?
–Sandra
A. Your seemingly simple question has a historic twist.... More »
It’s Black Friday 2015
– ratesupermarket.ca
This week kicks off the “official” holiday spending season, as mega sales events Black Friday and Cyber Monday beckon the wallets of Canadians north and south of the border. It’s an expensive time for most households – a recent study finds the average Canadian will spend $332 today, despite the fact many of us are already deep into the red.
Are you ready for seasonal spending? Read on for the full story.
The Best Credit Cards to Use on Black Friday
Planning to take part in this year’s shopping frenzy? Spending holidays like Black Friday and Cyber Monday can be a great way to save a few bucks on gifts, electronics and more – but beware the potential pitfalls of door buster deals. The good news – the way you pay can protect your purchases, provide insurance coverage, and even save you some cash. Check out our top credit card picks for Black Friday shopping.
Read Penelope’s Blog | The Best Credit Cards to Use on Black Friday
Pre-Holiday Credit Card Debt Already at 2-Year High
Did you know – the average Canadian plans to spend $1,551 on their holiday shopping, according to a new BMO study? That’s a big chunk of change considering many of us are already in the red; credit bureau TransUnion reports national credit card balances are already at a two-year high – without the impending holiday spend…
