Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
What You Need to Know About the Canadian Mortgage Stress Test Nov 5th
In late 2017, OSFI, the agency that supervises and regulates Canada’s banks, unveiled a new mortgage stress test, designed to protect Canadian borrowers from increasing debt burdens, and the prospect of rising interest rates. It also served to cool off a couple of Canada’s most expensive housing.... More »
Scotia Momentum® VISA Infinite* Review May 15th
Attention MoneyWise readers! Sign up for the Scotia Momentum® VISA Infinite* card and, for a limited time, get $75 IN CASH via Interac e-Transfer or a gift card from RateSupermarket.ca upon approval!
Are you looking for a well-rounded, high-earning cash back credit card with travel perks and no a.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Apr 1st
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an.... More »
Richard Cordray's Surprising Admission + MORE Oct 26th
Many banks haven’t been requiring arbitration clauses..... More »
The best GIC rates in Canada for 2026 Apr 8th
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 »
7 Ways to Get a Bank Account for Cheap
– ratesupermarket.ca
When it comes to setting up your own bank account, some may feel more comfortable with the familiar. Maybe your parents set up a youth account for you with their bank and you haven’t branched out yet (no pun intended). Or, perhaps, you’re wary of financial security outside of the big five banks.
However, as older millennials reach their mid-30’s and start their own families, there’s a need to change things up a bit. Millennials generally face more debt than ever before, with many juggling multiple jobs, and spending most of their waking hours online. Typically, two of their biggest needs are saving time AND money, but one of the most overlooked ways to save more cash is through comparing bank accounts.
Even with today’s relatively low interest rates, you can still find accounts that will not only save you money, but give you more than you had to begin with. Here are the top seven ways to find a bank account that works for you:
1. Look for a chequing account that pays you, not vice versa
One of the easiest ways to make money on a chequing account is to look for introductory sign-up offers…
7 Ways to Get a Bank Account for Cheap
– ratesupermarket.ca
When it comes to setting up your own bank account, some may feel more comfortable with the familiar. Maybe your parents set up a youth account for you with their bank and you haven’t branched out yet (no pun intended). Or, perhaps, you’re wary of financial security outside of the big five banks.
However, as older millennials reach their mid-30’s and start their own families, there’s a need to change things up a bit. Millennials generally face more debt than ever before, with many juggling multiple jobs, and spending most of their waking hours online. Typically, two of their biggest needs are saving time AND money, but one of the most overlooked ways to save more cash is through comparing bank accounts.
Even with today’s relatively low interest rates, you can still find accounts that will not only save you money, but give you more than you had to begin with. Here are the top seven ways to find a bank account that works for you:
1. Look for a chequing account that pays you, not vice versa
One of the easiest ways to make money on a chequing account is to look for introductory sign-up offers…
