Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Judge rules Donald Trump committed fraud - CTV News + MORE Sep 26th
Judge rules Donald Trump committed fraud CTV NewsBREAKING: Judge finds Trump committed fraud in NY civil case MSNBCJudge rules Donald Trump defrauded banks, insurers while building real estate empire Toronto StarTrump Fraudulently Inflated Property Values, NY Judge R.... More »
Chequing vs. Savings Account: What’s the Difference? Oct 2nd
When it comes to managing your finances, using the correct type of bank account is very important. But while the differences between a chequing account and a savings account may seem obvious to some, you would be shocked at the number of people who use their savings accounts for daily transactions o.... More »
The best credit cards in Canada for 2023 + MORE Sep 15th
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The best credit cards in Canada for 2023
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The best GIC rates in Canada for 2026 Apr 16th
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.
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Inflation and investments: Heads up if you’re retired or retiring soon Jan 17th
The year 2022 was the one when inflation morphed from a minor concern to a major worry for investors, especially those hoping to retire sometime in the not-too-distant future. While central banks are well into their programs to curb inflation through periodic rises in interest rates, it could take t.... More »
Introducing KOHO, a unique financial service app
– moneysense.ca
Nowadays, consumers can shop around for the low- or no-fee accounts, competitive interest rates, and additional features they want. And banks aren’t the only ones delivering financial services to Canadians. Fintechs, which integrate technologies into the financial sector, have empowered developers and inspired those on the vanguard to rethink financial services altogether. One such product is KOHO, a financial service app Canadians can use for spending, saving and budgeting. Users transfer money to a reloadable prepaid Visa card that serves as a no-fee spending account where you can earn 1.2% interest and instant cash back. How does KOHO work?
Think of KOHO’s standard savings account as a spending account with pretty good interest (compare KOHO’s 1.2% on your entire balance with traditional banks’ standard 0.05%). It has no fees, no matter how much money you hold. To get that rate, you’ll need to set up a regular direct deposit to your KOHO account (your paycheque or a portion of it; a government cheque; or even a PayPal deposit), and then opt into earning interest inside the app…
