Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best GIC rates in Canada for 2024 Jul 16th
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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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Find the best mortgage rates in Canada + MORE Oct 22nd
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
The best GIC rates in Canada for 2025 + MORE May 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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Aug 6th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Refinancing your mortgage? Here’s why a professional home appraisal is step one Mar 27th
Before you refinance your mortgage, it’s important to know your home’s true value. A professional home appraisal gives you an accurate picture of the value of your property, helping you make smarter financial decisions from lowering your monthly payments to accessing equity to evaluating your re.... More »
Is your chequing account working hard enough?
– moneysense.ca
Your chequing account could be the behind-the-scenes hero of your everyday banking activities, if you have the right one. The features can vary from bank to bank and financial institution to financial institution, so it makes sense to shop around if you’re opening a new chequing account or you want a better one. Some Canadian banks offer chequing accounts with low or no fees, added services and generous welcome offers that can help you save and earn money.
How does your account measure up? Look at the features and perks when comparing chequing accounts.
1. What’s the minimum balance requirement?
Some chequing accounts have a monthly fee. Banks and other financial institutions may waive the fee if you keep a minimum balance—typically a few thousand dollars—in your account. Others, like the Simplii Financial No Fee Chequing Account*, have no minimum account balance.
Even if your chequing account features no minimum balance, keep in mind how much money you need on hand to cover automatic bill payments, such as streaming subscriptions or a gym membership…
