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
What would a central bank digital currency mean for Canada? We ask 5 experts Jul 11th
Canadians have long embraced digital transactions. We make purchases, pay bills and transfer money to people around the world with the tap of a card or the click of a button—every single day. We do all of this using regular, government-backed Canadian dollars.
Yet the Bank of Canada (BoC) is ac.... More »
This Year’s Best Rewards Credit Cards for Groceries Nov 7th
According to Statistics Canada, the average Canadian household spends $9,102.40 on food every year. And whether you’re single or have a family of growing tots to feed, you understand that spending more than you anticipated at the grocery store is all but too easy (Pro tip: Don’t go to the groce.... More »
Facebook settles lawsuit over 2012 IPO for $35-million + MORE Feb 26th
Shareholders accused Facebook of concealing internal concerns about how growth in mobile devices might reduce revenue, even as it quietly warned its banks to cut their forecasts
.... More »
Making sense of the markets this week: May 22 May 21st
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
All that glitters is not Crypto
“It’s going to replace the world’s currency for day-to-day transactions.” they said.
“The fees are.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Oct 15th
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.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate mo.... 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 think the best deals can only be found with the big five banks.
However, as older millennials, including myself, reach our mid-30’s and start our own families, there’s a need to change things up a bit. We don’t have the same needs as our parents: we’re generally more in debt than ever before, many of us juggle multiple jobs, and we spend most of our waking hours online. Our two biggest needs are to save time AND money, but one of the most overlooked ways to save more cash is through comparing bank accounts.
Even with today’s 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
Most chequing accounts do not pay any interest, but they do exist…
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 think the best deals can only be found with the big five banks.
However, as older millennials, including myself, reach our mid-30’s and start our own families, there’s a need to change things up a bit. We don’t have the same needs as our parents: we’re generally more in debt than ever before, many of us juggle multiple jobs, and we spend most of our waking hours online. Our two biggest needs are to save time AND money, but one of the most overlooked ways to save more cash is through comparing bank accounts.
Even with today’s 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
Most chequing accounts do not pay any interest, but they do exist…
