Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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BMO credit cards: A breakdown of the bank’s best cards 2021 May 4th
Along with Canada’s other big banks, BMO (Bank of Montreal) offers the stability that stems from a long history as an established institution. BMO was founded in 1817, making it Canada’s oldest incorporated bank, and it’s been the nation’s fourth largest since 2018. Due, in part, to its clos.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Feb 10th
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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The best GIC rates in Canada for 2024 + MORE Jul 9th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Revenge of the comment section: Don't blame the banks... entirely: Opinion Mar 19th
CBC commenters generally agree that banks shouldn't engage in high-pressure tactics to meet sales goals, but many point out that consumers also need to learn more about debt and how to manage their money..... More »
The best GIC rates in Canada for 2026 + MORE Apr 21st
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 »
How to avoid the hidden costs of sending money abroad
– moneysense.ca
If you’re looking to transfer money overseas, there’s now a cheaper alternative than using your bank or companies that specialize in international transfers—it’s a smartphone app called TransferWise Money Transfer.When you send money internationally in a foreign currency, banks will charge you a hefty transfer fee or offer you their own exchange rate that has the fees baked into it. If you need to send large amounts of money, these fees add up and result in the banks taking a sizeable chunk of your change for themselves.
Now financial startups have sprung up in Canada offering much lower costs when transferring money internationally. One option is TransferWise, which launched in Canada in April. The app uses a peer-to-peer model which enables it to undercut the costs associated with making international transfers in the traditional way.
How to save on foreign exchange fees while travelling »
According to TransferWise’s website send any amount under $333 CAD and you pay a flat fee of $4 per transaction…
