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.
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 »
Will Ottawa accept voluntary plan to cut interchange fees? Oct 30th
(Kali Nine LLC/Getty Images)
OTTAWA – The federal government’s battle to lower the fees retailers pay to use credit cards — and theoretically cut costs for consumers — may be coming to an end.
Ottawa could announce an agreement among the credit card companies, big banks and the Competition B.... More »
The best GIC rates in Canada for 2025 Mar 3rd
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 »
How to explain net worth to your kids + MORE Sep 13th
Your net worth is the sum of all your assets and liabilities. It’s a basic calculation that will help determine your financial worthiness with banks and creditors. If you want to buy a house, rent a car or just get an apartment, it’s an important figure to know.
1. “You make $200 a week, right.... More »
Greek banks desperate for emergency loans after voters reject bailout Jul 5th
Economists and strategists say Sunday’s vote will close more doors for the country than it opens
.... More »
Is YOUR Bank a Customer Service Winner?
– ratesupermarket.ca
What makes for a satisfied Canadian banking customer? According to The Canadian Retail Banking Customer Satisfaction Study, no-fee banking tops the list. The survey, now in its ninth year, was released this week by JD Power and Associates. In it, customers were asked to rank their level of satisfaction with their lender. The winner? No-fee giant Tangerine was top scorer with 836 out of 1000, with PC Financial in second at 782.
Among the “Big 5″ banks, TD Canada Trust was ranked highest with 736 points, for the 9th year in a row. JD Power says the company’s quality and satisfaction measurements are based on responses from millions of consumers annually.
The study also examined what features and services led customers to stay with their current financial institutions. Here is the breakdown.
Customers Still Want Face-to-Face Interaction
Despite the word’s digital evolution, the survey found a good portion of satisfaction is still based on personal service, including in-person and contact centre interaction, via phone, email and online chat…
Is YOUR Bank a Customer Service Winner?
– ratesupermarket.ca
What makes for a satisfied Canadian banking customer? According to The Canadian Retail Banking Customer Satisfaction Study, no-fee banking tops the list. The survey, now in its ninth year, was released this week by JD Power and Associates. In it, customers were asked to rank their level of satisfaction with their lender. The winner? No-fee giant Tangerine was top scorer with 836 out of 1000, with PC Financial in second at 782.
Among the “Big 5″ banks, TD Canada Trust was ranked highest with 736 points, for the 9th year in a row. JD Power says the company’s quality and satisfaction measurements are based on responses from millions of consumers annually.
The study also examined what features and services led customers to stay with their current financial institutions. Here is the breakdown.
Customers Still Want Face-to-Face Interaction
Despite the word’s digital evolution, the survey found a good portion of satisfaction is still based on personal service, including in-person and contact centre interaction, via phone, email and online chat…
